XML 41 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Event
9 Months Ended
Jan. 01, 2012
Subsequent Event [Abstract]  
Subsequent Event

Note 10. Subsequent Event

On January 20, 2012, the Company entered into a definitive agreement to sell the product lines and certain assets associated with its InfiniBand business to Intel Corporation for $125 million in cash, subject to downward adjustment based on inventory at closing. The assets to be sold are comprised primarily of technology, property and equipment, and inventories related to the InfiniBand business. The carrying value of the net assets associated with the InfiniBand business, including an allocation of the Company’s goodwill, is not material to the Company’s condensed consolidated balance sheet as of January 1, 2012. The transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close in the fourth quarter of fiscal 2012.