XML 41 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Quarterly Results of Operations (Unaudited)
 12 Months Ended
Mar. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)
The following table sets forth certain quarterly information for fiscal years 2017 and 2016. This information, in the opinion of the Company’s management, reflects all adjustments (consisting only of normal recurring adjustments) necessary to present fairly this information when read in conjunction with the consolidated financial statements and notes thereto included elsewhere herein (amounts in thousands except per share data):
 
 
Fiscal Year 2017 Quarters Ended
 
 
Jun-30
 
Sep-30
 
Dec-31
 
Mar-31
Net sales
 
$
184,935

 
$
187,308

 
$
188,029

 
$
197,519

Operating income (loss) (1)
 
8,898

 
3,050

 
13,850

 
8,742

Net income (loss)
 
(12,205
)
 
(4,998
)
 
12,278

 
52,914

 
 
 
 
 
 
 
 
 
Net income (loss) per basic share
 
$
(0.26
)
 
$
(0.11
)
 
$
0.26

 
$
1.13

 
 
 
 
 
 
 
 
 
Net income (loss) per diluted share
 
$
(0.26
)
 
$
(0.11
)
 
$
0.22

 
$
0.93

 
 
Fiscal Year 2016 Quarters Ended
 
 
Jun-30
 
Sep-30
 
Dec-31
 
Mar-31
Net sales
 
$
187,590

 
$
186,123

 
$
177,184

 
$
183,926

Operating income (loss) (1)
 
1,243

 
13,987

 
8,493

 
8,603

Net income (loss)
 
(37,050
)
 
7,194

 
(8,600
)
 
(15,173
)
 
 
 
 
 
 
 
 
 
Net income (loss) per basic share
 
$
(0.81
)
 
$
0.16

 
$
(0.19
)
 
$
(0.33
)
 
 
 
 
 
 
 
 
 
Net income (loss) per diluted share
 
$
(0.80
)
 
$
0.14

 
$
(0.19
)
 
$
(0.32
)
_______________________________________________________________________________
(1)
Operating income (loss) as a percentage of net sales fluctuates from quarter to quarter due to a number of factors, including net sales fluctuations, foreign currency exchange, restructuring charges, product mix, the timing and expense of moving product lines to lower-cost locations, the write-down of long lived assets, the net gain/loss on sales and disposals of assets and the relative mix of sales among distributors, original equipment manufacturers, and electronic manufacturing service providers.