(in thousands, except per common share data)



	Quarter ended
	Dec. 31		March 31		June 30		Sept. 30
Fiscal 2012
Net sales	$	46,662	$	49,016	$	47,632	$	47,248
Gross profit	24,430		25,783		25,304		24,820
Net income (1)(2)	724		2,122		2,307		2,462
Net income per common share - basic	0.03		0.08		0.09		0.10
Net income per common share - diluted	0.03		0.08		0.09		0.09

Fiscal 2011
Net sales	$	48,334	$	49,716	$	54,274	$	51,836
Gross profit	24,666		25,651		28,755		27,516
Net income (1)(2)	2,316		2,239		3,615		2,849
Net income per common share - basic	0.09		0.09		0.14		0.11
Net income per common share - diluted	0.09		0.09		0.14		0.11

(1)

During fiscal 2012 and 2011, we recorded discrete tax benefits of $1.5 million and $0.7 million, respectively. We recorded a benefit of $0.1 million in the first quarter of fiscal 2012 resulting from the release of income tax reserves due to the expiration of the statutes of limitations from various U.S. tax jurisdictions. During the third quarter of fiscal 2012, we recorded $1.1 million for additional research and development tax credits identified for fiscal years ended September 30, 2009, 2010 and 2011 from a recently completed research and development tax credit study. During the fourth quarter of fiscal 2012, we recorded $0.3 million relating to expiration of statue of limitations. During fiscal 2011, we recorded $0.6 million in the first quarter and $0.1 million in the fourth quarter resulting from the reversal of previously established income tax reserves from various jurisdictions, primarily foreign, for the expiration of statute of limitations and from the enactment of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 providing for the extension of the research and development tax credit.

(2)

During fiscal 2012, we recorded a business restructuring accrual of $0.2 million ($0.2 million after tax) in the first quarter, $0.1 million ($0.0 million after tax) in the second quarter and $1.0 million ($0.6 million after tax) in the third quarter. We reversed a business restructuring accrual of $0.1 million ($0.0 million after tax) in the first quarter of fiscal 2011 and recorded a restructuring charge of $0.2 million ($0.1 million after tax) during the fourth quarter of fiscal 2011.