Quarterly Results (Unaudited)

12 Months Ended

Mar. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS (UNAUDITED)

The following table presents the Company's selected unaudited quarterly operating results for the eight quarters ended March 31, 2013. The Company believes that all adjustments of a normal recurring nature have been made to present fairly the related quarterly results (in thousands, except per share amounts):



Fiscal 2013	First Quarter		Second Quarter			Third Quarter		Fourth Quarter		Total
Net sales	$	352,134	$	383,298		$	416,047	$	430,144	$	1,581,623
Gross profit	204,797		194,195			200,428		239,039		838,459
Operating income	96,333		8,094			17,413		56,713		178,553
Net income	78,710		(21,184		)	10,173		59,690		127,389
Diluted net income per common share	0.39		(0.10		)	0.05		0.28		0.62

Fiscal 2012	First Quarter		Second Quarter			Third Quarter		Fourth Quarter		Total
Net sales	$	374,507	$	340,602		$	329,156	$	338,911	$	1,383,176
Gross profit	221,457		196,703			185,488		195,646		799,294
Operating income	116,860		97,620			88,127		93,909		396,516
Net income	99,293		79,287			77,489		80,636		336,705
Diluted net income per common share	0.49		0.40			0.38		0.39		1.65

Refer to Note 5, Special Charges, for an explanation of the special charges included in operating income in fiscal 2013 and fiscal 2012.

As further discussed in Note 3, the Company identified certain amounts of its amortization of acquired intangible assets that were incorrectly included within cost of sales. The Company corrected this presentation in the second quarter of fiscal 2013, and has conformed previous periods to the current presentation. The adjustments to the quarterly gross profit results originally reported are as follows (in thousands):



	Originally Reported		Adjustments		Revised
Fiscal 2013
First Quarter	$	203,079	$	1,718	$	204,797

Fiscal 2012
First Quarter	$	219,748	$	1,709	$	221,457
Second Quarter	194,994		1,709		196,703
Third Quarter	183,779		1,709		185,488
Fourth Quarter	193,873		1,773		195,646
Fiscal 2012 Total	$	792,394	$	6,900	$	799,294

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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