Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Jan. 26, 2014

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (Unaudited)

The following tables set forth the Company’s unaudited consolidated statements of operations data for each of the eight quarterly periods ended January 26, 2014, 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 2014												Fiscal Year 2013
	Quarters Ended												Quarters Ended
(in thousands, except per share amounts)	April 28, 2013			July 28, 2013			October 27, 2013			January 26, 2014			April 29, 2012			July 29, 2012			October 28, 2012			January 27, 2013
Net sales	$	162,407		$	165,010		$	141,026		$	126,534		$	116,642		$	150,704		$	160,878		$	150,603
Cost of sales	65,120			64,302			57,615			57,682			61,305			76,179			64,085			62,646
Cost of sales - lower of cost or market write down	—			—			—			15,047			—			—			—			—
Gross profit	97,287			100,708			83,411			53,805			55,337			74,525			96,793			87,957
Operating costs and expenses:
Selling, general and administrative	34,794			33,315			30,849			26,421			44,818			31,220			35,646			37,386
Product development and engineering	34,559			33,125			31,948			37,805			24,083			32,613			33,354			29,959
Intangible amortization	7,856			7,211			7,349			6,586			4,878			7,977			8,212			8,177
Intangible asset impairments	—			2,600			—			29,938			700			—			—			—
Goodwill impairment	—			—			—			116,686			—			—			—			—
Restructuring charges	—			—			—			3,086			—			—			—			—
Total operating costs and expenses	77,209			76,251			70,146			220,522			74,479			71,810			77,212			75,522
Operating (loss) income	20,078			24,457			13,265			(166,717		)	(19,142		)	2,715			19,581			12,435
Interest expense	(4,060		)	(10,584		)	(1,818		)	(1,712		)	(1,843		)	(4,194		)	(4,172		)	(4,154		)
Interest income and other (expense) income, net	(807		)	(198		)	(259		)	(126		)	214			162			(1,071		)	(282		)
Income (loss) before taxes	15,211			13,675			11,188			(168,555		)	(20,771		)	(1,317		)	14,338			7,999
Provision (benefit) for taxes	434			(5,437		)	(1,265		)	42,253			(22,980		)	(11,339		)	(2,252		)	(5,119		)
Net income (loss)	$	14,777		$	19,112		$	12,453		$	(210,808	)	$	2,209		$	10,022		$	16,590		$	13,118
Earnings (loss) per share:
Basic	$	0.22		$	0.28		$	0.18		$	(3.12	)	$	0.03		$	0.15		$	0.25		$	0.20
Diluted	$	0.22		$	0.28		$	0.18		$	(3.12	)	$	0.03		$	0.15		$	0.25		$	0.19
Weighted average number of shares used in computing earnings per share:
Basic	66,956			67,614			67,792			67,523			65,282			65,587			65,996			66,371
Diluted	68,579			69,090			68,871			67,523			67,233			67,165			67,465			67,984

	Fiscal Year 2014								Fiscal Year 2013
	Quarters Ended								Quarters Ended
	April 28, 2013		July 28, 2013		October 27, 2013		January 26, 2014		April 29, 2012		July 29, 2012		October 28, 2012		January 27, 2013
Net sales	100	%	100	%	100	%	100	%	100	%	100	%	100	%	100	%
Cost of sales	40	%	39	%	41	%	46	%	53	%	50	%	40	%	42	%
Cost of sales - lower of cost or market write down	—	%	—	%	—	%	12	%	—	%	—	%	—	%	—	%
Gross profit	60	%	61	%	59	%	42	%	47	%	50	%	60	%	58	%
Operating costs and expenses:
Selling, general and administrative	21	%	20	%	22	%	21	%	38	%	21	%	22	%	25	%
Product development and engineering	21	%	20	%	23	%	30	%	21	%	22	%	21	%	20	%
Intangible amortization	5	%	4	%	5	%	5	%	4	%	5	%	5	%	5	%
Intangible asset impairments	—	%	2	%	—	%	24	%	1	%	—	%	—	%	—	%
Goodwill impairment	—	%	—	%	—	%	92	%	—	%	—	%	—	%	—	%
Restructuring charges	—	%	—	%	—	%	2	%	—	%	—	%	—	%	—	%
Total operating costs and expenses	47	%	46	%	50	%	174	%	64	%	48	%	48	%	50	%
Operating (loss) income	13	%	15	%	9	%	(132	)%	(17	)%	2	%	12	%	8	%
Interest expense	(2	)%	(6	)%	(1	)%	(1	)%	(2	)%	(3	)%	(3	)%	(3	)%
Interest income and other (expense) income, net	—	%	—	%	—	%	—	%	—	%	—	%	(1	)%	—	%
Income (loss) before taxes	11	%	9	%	8	%	(133	)%	(19	)%	(1	)%	8	%	5	%
Provision (benefit) for taxes	—	%	(3	)%	(1	)%	33	%	(20	)%	(8	)%	(1	)%	(3	)%
Net income (loss)	11	%	12	%	9	%	(166	)%	1	%	7	%	9	%	8	%