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Quarterly Financial Information
12 Months Ended
Sep. 30, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited)
The following tables show the Company's quarterly results of operations for each of the years ended September 30, 2013 and 2012.

Fiscal 2013
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
 
First
Quarter
 
 
(in thousands, except per share data)
 
Net sales
$
78,392

 
$
77,788

 
$
74,991

 
$
76,399

 
Gross profit
$
25,934

 
$
26,047

 
$
24,989

 
$
24,491

 
Operating income
$
4,693

 
$
4,635

 
$
3,951

 
$
3,379

 
Consolidated net income
$
4,730

(1)
$
7,246

(2)
$
3,280

(3)
$
2,488

 
Net income attributable to ISSI
$
4,698

(1)
$
7,064

(2)
$
3,287

(3)
$
2,499

 
Basic net income per share
$
0.16

 
$
0.25

 
$
0.12

 
$
0.09

 
Diluted net income per share
$
0.15

 
$
0.24

 
$
0.11

 
$
0.09

 
Market price range common stock:
 
 
 
 
 
 
 
 
High
$
11.99

 
$
11.31

 
$
9.92

 
$
9.73

 
Low
$
9.99

 
$
8.31

 
$
8.33

 
$
8.18

 
 
 
 
 
 
 
 
 
 
Fiscal 2012
 
 
 
 
 
 
 
 
Net sales
$
72,500

 
$
64,781

 
$
62,505

 
$
66,164

 
Gross profit
$
18,328

(4)
$
21,337

 
$
21,121

 
$
22,198

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

 
$
5,197

 
$
5,100

 
Consolidated net income (loss)
$
(13,118
)
(6)
$
3,147

 
$
3,597

 
$
3,769

 
Net income (loss) attributable to ISSI
$
(13,246
)
(6)
$
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

 
________________________
(1)
In the September 2013 quarter, the Company realized a gain of $2.9 million from the sale of a portion of its Nanya shares.
(2)
In the June 2013 quarter, the Company realized a gain from the sale of investments of $7.3 million including $7.0 million from the sale of a portion of its Nanya shares.
(3)
In the March 2013 quarter, the Company realized a gain of $2.1 million from the sale of a portion of its Nanya shares.
(4)
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.
(5)
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.
(6)
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.