XML 69 R49.htm IDEA: XBRL DOCUMENT v3.3.1.900
QUARTERLY RESULTS (Unaudited) (Tables)
12 Months Ended
Nov. 01, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Shown below are selected unaudited quarterly data (in thousands, except per share data):
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
FISCAL YEAR 2015
 
 
 
 
 
 
 
 
Sales
$
322,926

 
$
360,147

 
$
420,789

 
$
459,831

 
Gross profit
$
72,139

 
$
75,889

 
$
100,687

 
$
123,601

 
Net income (loss)
$
(320
)
 
$
(7,488
)
 
$
7,219

 
$
18,407

 
Net income (loss) applicable to common shares
$
(320
)
 
$
(7,488
)
 
$
7,160

(3) 
$
18,241

(3) 
Income (loss) per common share:(1)(2)
 
 
 
 
 
 
 
 
Basic
$

 
$
(0.10
)
 
$
0.10

 
$
0.25

 
Diluted
$

 
$
(0.10
)
 
$
0.10

 
$
0.25

 
FISCAL YEAR 2014
 
 
 
 
 
 
 
 
Sales
$
310,666

 
$
305,800

 
$
361,626

 
$
392,448

 
Gross profit
$
59,225

 
$
59,597

 
$
79,565

 
$
93,437

 
Net income (loss)
$
(4,258
)
 
$
(4,905
)
 
$
6,089

 
$
14,259

 
Net income (loss) applicable to common shares
$
(4,258
)
 
$
(4,905
)
 
$
6,039

(3) 
$
14,162

(3) 
Income (loss) per common share:(1)(2)
 
 
 
 
 
 
 
 
Basic
$
(0.06
)
 
$
(0.07
)
 
$
0.08

 
$
0.19

 
Diluted
$
(0.06
)
 
$
(0.07
)
 
$
0.08

 
$
0.19

 
(1)
The sum of the quarterly income per share amounts may not equal the annual amount reported, as per share amounts are computed independently for each quarter and for the full year based on the respective weighted average common shares outstanding.
(2)
During the third and fourth quarters of fiscal 2015 and 2014, a portion of the income was allocated to “participating securities.” These participating securities are treated as a separate class in computing earnings per share (see Note 9).
(3)
Undistributed earnings attributable to participating securities was $0.1 million during the third quarter of fiscal 2015,$0.2 million during the fourth quarter of fiscal 2015 and $0.1 million during each of the third and fourth quarters of fiscal 2014.
Schedule Of Quarterly Income Effects of Special Income (Expense) Items
The quarterly income (loss) before income taxes were impacted by the following special income (expense) items:
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
FISCAL YEAR 2015
 
 
 
 
 
 
 
Strategic development and acquisition related costs
$
(1,729
)
 
$
(629
)
 
$
(700
)
 
$
(1,143
)
Restructuring and impairment charges
(1,480
)
 
(1,465
)
 
(750
)
 
(7,611
)
Gain on legal settlements

 

 

 
3,765

Fair value adjustment of acquired inventory
(972
)
 
(386
)
 
(1,000
)
 

Amortization of short-lived acquired intangibles

 
(2,720
)
 
(3,334
)
 
(2,346
)
Total special charges in income (loss) before income taxes
$
(4,181
)
 
$
(5,200
)
 
$
(5,784
)
 
$
(7,335
)
FISCAL YEAR 2014
  

 
  

 
  

 
  

Gain on insurance recovery
$
987

 
$
324

 
$

 
$

Secondary offering costs
(704
)
 
(50
)
 

 

Foreign exchange gain (loss)
(701
)
 
262

 
(360
)
 
(298
)
Strategic development costs

 

 
(1,486
)
 
(3,512
)
Total special charges in income (loss) before income taxes
$
(418
)
 
$
536

 
$
(1,846
)
 
$
(3,810
)