Condensed Quarterly Results (Unaudited)

12 Months Ended

Apr. 03, 2011

Condensed Quarterly Results [Abstract]


Note 17.	Condensed Quarterly Results (Unaudited)

The following table summarizes certain unaudited quarterly financial information for fiscal 2011 and 2010:


	Three Months Ended
	June		September		December(1)		March(2)
	(In thousands, except per share amounts)

Fiscal 2011:
Net revenues	$	142,609	$	146,529	$	155,771	$	152,290
Gross profit		92,908		96,118		102,771		101,458
Operating income		28,370		34,875		40,459		35,892
Net income		25,449		29,986		50,339		33,316
Net income per share:
Basic		0.23		0.28		0.48		0.32
Diluted		0.22		0.28		0.47		0.31
Fiscal 2010:
Net revenues	$	122,775	$	131,457	$	149,122	$	145,716
Gross profit		78,306		83,688		96,102		94,847
Operating income		16,449		20,782		34,532		27,343
Net income (loss)		14,963		16,163		28,648		(4,826	)
Net income (loss) per share:
Basic		0.13		0.14		0.25		(0.04	)
Diluted		0.13		0.14		0.25		(0.04	)


(1)		During the three months ended December 26, 2010, the Company recorded $14.6 million of third quarter specific income tax benefits related to the expiration of certain statutes of limitation, the retroactive reinstatement of the federal research tax credit and certain other items.

(2)		During the three months ended March 28, 2010, the Company recorded an income tax charge of $29.7 million related to its globalization initiative, primarily due to an amendment to an intercompany technology license agreement with an international subsidiary which resulted in a fully paid-up license, and special charges of $4.3 million related to certain exit costs.

- Definition

This element can be used to disclose the entire quarterly financial data disclosure in the annual financial statements as a single block of text. The disclosure includes a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle 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. Alternatively, the details of this disclosure can be reported using the elements in this group, or by using other taxonomy elements and applying the appropriate quarterly date and period contexts when creating an instance document. For example, the element for "Interest and Dividend Income, Operating" may be used by financial institutions from the Statement of Income, applying the appropriate quarterly date and period context when creating an instance document.

+ References+ Details