Quarterly Financial Data

12 Months Ended

Mar. 31, 2011

14. QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table contains unaudited quarterly financial data for fiscal years 2011 and 2010. Earnings per share are computed independently for each quarter presented. Therefore, the sum of the quarterly earnings per share may not equal the total earnings per share amounts for the fiscal year.


			Fiscal Year Ended March 31, 2011								Fiscal Year Ended March 31, 2010
			First		Second		Third		Fourth		First		Second		Third		Fourth
				(In thousands, except per share amounts)
Net sales			$	6,565,880		7,422,338		7,832,856		6,858,851	$	5,782,679	$	5,831,761	$	6,556,137	$	5,940,156
Gross profit				370,818		397,647		433,576		382,885		223,995		299,580		373,052		320,915
Income (loss) before income taxes				129,581		154,416		177,853		153,747		(158,046)		(29,653)		105,281		65,643
Provision for (benefit from)
	income taxes			11,403		10,000		(20,437)		18,412		(4,003)		(49,312)		12,411		5,535
Net income (loss)				118,178		144,416		198,290		135,335		(154,043)		19,659		92,870		60,108
Earnings (loss) per share:
		Basic	$	0.15	$	0.19	$	0.26	$	0.18	$	(0.19)	$	0.02	$	0.11	$	0.07
		Diluted	$	0.14	$	0.18	$	0.26	$	0.17	$	(0.19)	$	0.02	$	0.11	$	0.07

The Company incurred restructuring charges during all quarters of fiscal year 2010. Refer to Note 9, "Restructuring Charges" for further discussion.

- Definition

This element can be used to disclose the entire quarterly financial data disclosure in the annual financial statements as a single block of text. The disclosure includes a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle 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. Alternatively, the details of this disclosure can be reported using the elements in this group, or by using other taxonomy elements and applying the appropriate quarterly date and period contexts when creating an instance document. For example, the element for "Interest and Dividend Income, Operating" may be used by financial institutions from the Statement of Income, applying the appropriate quarterly date and period context when creating an instance document.

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