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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Jan. 27, 2013
Statement of Financial Position [Abstract]  
Schedule of Quarterly Financial Information
The following tables set forth the Company’s unaudited consolidated statements of income data for each of the eight quarterly periods ended January 27, 2013, as well as that data expressed as a percentage of the Company’s net sales for the quarters presented. The sum of quarterly per share amounts may differ from year to date amounts due to rounding.
Selected Quarterly Financial Data (Unaudited)
 
Fiscal Year 2013
 
Fiscal Year 2012
 
Quarters Ended
 
Quarters Ended
(in thousands, except per share amounts)
April 29,
2012
 
July 29,
2012
 
October 28,
2012
 
January 27,
2013
 
May 1,
2011
 
July 31,
2011
 
October 30,
2011
 
January 29,
2012
Net sales
$
116,642

 
$
150,704

 
$
160,878

 
$
150,603

 
$
122,371

 
$
130,254

 
$
123,944

 
$
104,032

Cost of sales
61,305

 
76,179

 
64,085

 
62,646

 
48,517

 
51,534

 
50,537

 
44,368

Gross profit
55,337

 
74,525

 
96,793

 
87,957

 
73,854

 
78,720

 
73,407

 
59,664

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative
44,818

 
31,220

 
35,646

 
37,386

 
26,705

 
22,481

 
25,110

 
26,333

Product development and engineering
24,083

 
32,613

 
33,354

 
29,959

 
18,525

 
22,228

 
20,489

 
19,335

Intangible amortization and impairments
5,578

 
7,977

 
8,212

 
8,177

 
2,102

 
2,103

 
4,573

 
2,075

Total operating costs and expenses
74,479

 
71,810

 
77,212

 
75,522

 
47,332

 
46,812

 
50,172

 
47,743

Operating (loss) income
(19,142
)
 
2,715

 
19,581

 
12,435

 
26,522

 
31,908

 
23,235

 
11,921

Interest expense
(1,843
)
 
(4,194
)
 
(4,172
)
 
(4,154
)
 

 

 

 

Interest income and other (expense) income, net
214

 
162

 
(1,071
)
 
(282
)
 
(440
)
 
(117
)
 
729

 
421

(Loss) income before taxes
(20,771
)
 
(1,317
)
 
14,338

 
7,999

 
26,082

 
31,791

 
23,964

 
12,342

(Benefit) provision for taxes
(22,980
)
 
(11,339
)
 
(2,252
)
 
(5,119
)
 
3,500

 
4,653

 
(3,015
)
 
(46
)
Net Income
$
2,209

 
$
10,022

 
$
16,590

 
$
13,118

 
$
22,582

 
$
27,138

 
$
26,979

 
$
12,388

Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.03

 
$
0.15

 
$
0.25

 
$
0.20

 
$
0.35

 
$
0.41

 
$
0.41

 
$
0.19

Diluted
$
0.03

 
$
0.15

 
$
0.25

 
$
0.19

 
$
0.34

 
$
0.40

 
$
0.40

 
$
0.19

Weighted average number of shares used in computing earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
65,282

 
65,587

 
65,996

 
66,371

 
64,552

 
65,547

 
65,440

 
64,856

Diluted
67,233

 
67,165

 
67,465

 
67,984

 
67,123

 
68,186

 
67,314

 
66,776

 
Fiscal Year 2013
 
Fiscal Year 2012
 
Quarters Ended
 
Quarters Ended
 
April 29,
2012
 
July 29,
2012
 
October 28,
2012
 
January 27,
2013
 
May 1,
2011
 
July 31,
2011
 
October 30,
2011
 
January 29,
2012
Net sales
100
 %
 
100
 %
 
100
 %
 
100
 %
 
100
%
 
100
%
 
100
 %
 
100
%
Cost of sales
53
 %
 
50
 %
 
40
 %
 
42
 %
 
40
%
 
40
%
 
41
 %
 
43
%
Gross profit
47
 %
 
50
 %
 
60
 %
 
58
 %
 
60
%
 
60
%
 
59
 %
 
57
%
Operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative
38
 %
 
21
 %
 
22
 %
 
25
 %
 
22
%
 
17
%
 
20
 %
 
25
%
Product development and engineering
21
 %
 
22
 %
 
21
 %
 
20
 %
 
15
%
 
17
%
 
17
 %
 
19
%
Intangible amortization and impairments
5
 %
 
5
 %
 
5
 %
 
5
 %
 
2
%
 
2
%
 
4
 %
 
2
%
Total operating costs and expenses
64
 %
 
48
 %
 
48
 %
 
50
 %
 
39
%
 
36
%
 
41
 %
 
46
%
Operating (loss) income
(17
)%
 
2
 %
 
12
 %
 
8
 %
 
22
%
 
24
%
 
19
 %
 
11
%
Interest expense
(2
)%
 
(3
)%
 
(3
)%
 
(3
)%
 
%
 
%
 
 %
 
%
Interest income and other (expense) income, net
 %
 
 %
 
(1
)%
 
 %
 
%
 
%
 
1
 %
 
%
(Loss) income before taxes
(19
)%
 
(1
)%
 
8
 %
 
5
 %
 
22
%
 
24
%
 
20
 %
 
11
%
(Benefit) provision for taxes
(20
)%
 
(8
)%
 
(1
)%
 
(3
)%
 
3
%
 
4
%
 
(2
)%
 
%
Net Income
1
 %
 
7
 %
 
9
 %
 
8
 %
 
19
%
 
20
%
 
22
 %
 
11
%