Quarterly Results of Operations

12 Months Ended

Jun. 24, 2012

Quarterly Results of Operations - Unaudited

The following is a summary of the Company’s consolidated quarterly results of operations for each of the fiscal years ended June 24, 2012 and June 26, 2011 (in thousands, except per share data):



	September 25, 2011		December 25, 2011		March 25, 2012		June 24, 2012		Fiscal Year 2012
Revenue, net	$	268,980	$	304,118	$	284,801	$	306,759	$	1,164,658
Cost of revenue, net	170,952		199,000		185,388		199,856		755,196
Gross profit	98,028		105,118		99,413		106,903		409,462
Net income	12,819		12,078		9,489		10,026		44,412
Earnings (loss) per share:
Basic	$	0.11	$	0.10	$	0.08	$	0.09	$	0.39
Diluted	$	0.11	$	0.10	$	0.08	$	0.09	$	0.39

	September 26, 2010		December 26, 2010		March 27, 2011		June 26, 2011		Fiscal Year 2011
Revenue, net	$	268,437	$	256,983	$	219,168	$	243,027	$	987,615
Cost of revenue, net	137,908		135,837		127,773		150,324		551,842
Gross profit	130,529		121,146		91,395		92,703		435,773
Net income	58,036		49,775		18,881		19,808		146,500
Earnings (loss) per share:
Basic	$	0.54	$	0.46	$	0.17	$	0.18	$	1.35
Diluted	$	0.53	$	0.45	$	0.17	$	0.18	$	1.33

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items 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.

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