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SUPPLEMENTARY QUARTERLY FINANCIAL DATA
12 Months Ended
Mar. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]
SUPPLEMENTARY QUARTERLY FINANCIAL DATA
(Unaudited)

Each of the Company's fiscal years ends on the Saturday closest to the last day of March.  The Company's fiscal years 2012 and 2011 consist of 52 weeks. Our interim fiscal quarters for the first, second, third and fourth quarter of fiscal year 2012 ended on July 2, 2011, October 1, 2011, December 31, 2011 and March 31, 2012, respectively, and our interim fiscal quarters for the first, second, third and fourth quarter of fiscal year 2011 ended on July 3, 2010, October 2, 2010, January 1, 2011 and April 2, 2011, respectively. For purposes of presentation, the Company has indicated its accounting fiscal year as ending on March 31 and our interim quarterly periods as ending on the last calendar day of the applicable month end.

 
Quarter Ended
 
March 31,
2012
 
December 31,
2011
 
September 30,
2011
 
June 30,
2011
 
(in thousands, except per share data)
Net revenues
$
177,584

 
$
183,236

 
$
176,948

 
$
175,600

Gross profit
$
95,115

 
$
96,212

 
$
98,966

 
$
94,058

Net income
$
23,886

 
$
30,898

 
$
27,521

 
$
26,731

Basic net income per common share
$
0.57

 
$
0.73

 
$
0.62

 
$
0.57

Diluted net income per common share
$
0.55

 
$
0.71

 
$
0.60

 
$
0.56

Cash dividends declared per common share
$
0.05

 
$
0.05

 
$
0.05

 
$
0.05

 
Quarter Ended
 
March 31, 2011 1
 
December 31,
2010
 
September 30, 2010
 
June 30, 2010
 
(in thousands, except per share data)
Net revenues
$
173,077

 
$
181,585

 
$
158,255

 
$
170,685

Gross profit
$
90,541

 
$
95,808

 
$
85,959

 
$
89,448

Net income
$
26,316

 
$
31,552

 
$
25,429

 
$
25,946

Basic net income per common share
$
0.55

 
$
0.66

 
$
0.54

 
$
0.54

Diluted net income per common share
$
0.53

 
$
0.64

 
$
0.52

 
$
0.52

Cash dividends declared per common share
$
0.05

 
$
0.05

 
$
0.05

 
$
0.05


 
1 
During the fourth quarter of fiscal year 2011, the Company recognized a gain of $5.1 million related to a binding settlement agreement with a competitor to dismiss litigation involving the alleged theft of the Company's trade secrets and received payment in the same quarter. In addition, the Company recorded $1.4 million in accelerated amortization expense to reflect the revised estimated useful life of an intangible asset the Company deemed to be abandoned.