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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
The following table sets forth our unaudited quarterly Consolidated Statement of Operations data for each of the eight quarters ended December 31, 2014. In management’s opinion, the data has been prepared on the same basis as the audited Consolidated Financial Statements included in this report, and reflects all necessary adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of this data.
 
Fiscal 2014
 
1st Quarter
 
2nd Quarter (1)
 
3rd Quarter (1) (2)
 
4th Quarter (1)
 
(In thousands, except per share amounts)
Quarterly Data:
 
 
 
 
 
 
 
Net revenue
$
108,032

 
$
109,589

 
$
108,061

 
$
107,875

Gross profit
52,312

 
49,817

 
53,428

 
56,791

Income (loss) from continuing operations, net of tax
(5,410
)
 
(37,062
)
 
1,078

 
(4,854
)
Net income (loss)
$
(5,410
)
 
$
(37,062
)
 
$
1,078

 
$
(4,854
)
Basic net income (loss) per share:
 
 
 
 
 
 
 
  Continuing operations
$
(0.06
)
 
$
(0.39
)
 
$
0.01

 
$
(0.06
)
  Net income (loss)
$
(0.06
)
 
$
(0.39
)
 
$
0.01

 
$
(0.06
)
Diluted net income (loss) per share:
 
 
 
 
 
 
 
  Continuing operations
$
(0.06
)
 
$
(0.39
)
 
$
0.01

 
$
(0.06
)
  Net income (loss)
$
(0.06
)
 
$
(0.39
)
 
$
0.01

 
$
(0.06
)
Shares used in per share calculations:
 
 
 
 
 
 
 
  Basic
97,921

 
93,966

 
90,618

 
88,012

  Diluted
97,921

 
93,966

 
91,800

 
88,012

 
Fiscal 2013
 
1st Quarter
 
2nd Quarter
 
3rd Quarter (2)
 
4th Quarter
 
(In thousands, except per share amounts)
Quarterly Data:
 
 
 
 
 
 
 
Net revenue
$
101,672

 
$
117,128

 
$
122,918

 
$
120,222

Gross profit
46,165

 
57,892

 
56,792

 
59,596

Income (loss) from continuing operations, net of tax
(9,503
)
 
(3,404
)
 
36,675

 
(2,179
)
Income (loss) from discontinued operations, net of tax
15,924

 
(396
)
 
91

 
(181
)
Net income (loss)
$
6,421

 
$
(3,800
)
 
$
36,766

 
$
(2,360
)
Basic net income (loss) per share:
 
 
 
 
 
 
 
  Continuing operations
$
(0.08
)
 
$
(0.03
)
 
$
0.36

 
$
(0.02
)
  Discontinued operations
$
0.14

 
$
0.00

 
$
0.00

 
$
0.00

  Net income (loss)
$
0.06

 
$
(0.03
)
 
$
0.36

 
$
(0.02
)
Diluted net income (loss) per share:
 
 
 
 
 
 
 
  Continuing operations
$
(0.08
)
 
$
(0.03
)
 
$
0.36

 
$
(0.02
)
  Discontinued operations
$
0.14

 
$
0.00

 
$
0.00

 
$
0.00

  Net income (loss)
$
0.06

 
$
(0.03
)
 
$
0.36

 
$
(0.02
)
Shares used in per share calculations:
 
 
 
 
 
 
 
  Basic
115,219

 
109,938

 
101,144

 
100,372

  Diluted
115,219

 
109,938

 
102,723

 
100,372


(1) A history of operating losses in recent years has led to uncertainty with respect to the Company’s ability to realize certain net deferred tax assets, and as a result, the Company recorded increased valuation allowances of $24.5 million, $4.2 million and $0.3 million, in the second, third and fourth quarters of fiscal 2014, respectively, against its U.S. net deferred tax assets.
(2) As a result of the expiration of the applicable statute of limitations relating to the tax audits in the U.S. for years 2008 through 2010, the Company recorded tax benefits of $9.0 million and $39.0 million, in the third quarter of fiscal 2014 and 2013, respectively.