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Quarterly Financial Information
12 Months Ended
Sep. 30, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Quarterly Financial Information (unaudited)
The following tables show the Company's quarterly results of operations for each of the years ended September 30, 2012 and 2011.

Fiscal 2012
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
 
First
Quarter
 
(in thousands, except per share data)
Net sales
$
72,500

 
$
64,781

 
$
62,505

 
$
66,164

Gross profit
$
18,328

(1)
$
21,337

 
$
21,121

 
$
22,198

Operating income
$
(9,862
)
(2)
$
5,196

 
$
5,197

 
$
5,100

Consolidated net income (loss)
$
(13,118
)
(3)
$
3,147

 
$
3,597

 
$
3,769

Net income (loss) attributable to ISSI
$
(13,246
)
(3)
$
3,137

 
$
3,601

 
$
3,790

Basic net income (loss) per share
$
(0.48
)
 
$
0.11

 
$
0.13

 
$
0.14

Diluted net income (loss) per share
$
(0.48
)
 
$
0.11

 
$
0.12

 
$
0.13

Market price range common stock:
 
 
 
 
 
 
 
High
$
10.49

 
$
11.50

 
$
11.40

 
$
9.79

Low
$
8.75

 
$
8.83

 
$
9.03

 
$
6.81

 
 
 
 
 
 
 
 
Fiscal 2011
 
 
 
 
 
 
 
Net sales
$
71,339

 
$
69,809

 
$
63,257

 
$
66,103

Gross profit
$
23,838

 
$
23,170

 
$
20,935

 
$
22,465

Operating income
$
6,794

 
$
7,525

 
$
5,502

 
$
6,348

Consolidated net income
$
35,056

(4)
$
8,095

 
$
5,758

 
$
7,214

Net income attributable to ISSI
$
34,874

(4)
$
8,090

 
$
5,781

 
$
7,212

Basic net income per share
$
1.31

 
$
0.30

 
$
0.22

 
$
0.27

Diluted net income per share
$
1.23

 
$
0.28

 
$
0.20

 
$
0.26

Market price range common stock:
 
 
 
 
 
 
 
High
$
9.84

 
$
10.17

 
$
11.79

 
$
9.50

Low
$
7.49

 
$
8.45

 
$
8.08

 
$
7.01

________________________
(1)
In the September 2012 quarter, the Company recorded a charge of approximately $5.4 million for the impairment of certain intangible assets related to the acquisition of Si En.
(2)
In the September 2012 quarter, the Company recorded a charge of approximately $14.3 million for the impairment of certain tangible and intangible assets related to the acquisition of Si En.
(3)
In the September 2012 quarter, the Company recorded a charge of approximately $14.3 million for the impairment of certain tangible and intangible assets related to the acquisition of Si En and a charge of approximately $2.3 million to write-down its investment in SMIC due to the decline in fair market value being considered other than temporary.
(4)
In the September 2011 quarter, the Company recorded an income tax benefit of approximately $28.1 million from the release of the valuation allowance for certain deferred tax assets.