Condensed Quarterly Results (Unaudited)

12 Months Ended

Apr. 01, 2012

Condensed Quarterly Results (Unaudited) [Abstract]

Condensed Quarterly Results (Unaudited)

Note 19. Condensed Quarterly Results (Unaudited)

The following table summarizes certain unaudited quarterly financial information for fiscal 2012 and 2011:

	Three Months Ended (1)
	June		September		December (2)		March (3)
	(In thousands, except per share amounts)
Fiscal 2012:
Net revenues	$	144,481	$	136,275	$	142,779	$	135,073
Gross profit		99,613		92,930		97,013		91,348
Operating income		35,877		30,502		34,123		28,965
Income from continuing operations		34,196		26,507		29,221		29,519
Net income		32,426		28,654		30,025		138,331
Income from continuing operations per share:
Basic		0.33		0.26		0.29		0.30
Diluted		0.32		0.26		0.29		0.29
Net income per share:
Basic		0.31		0.28		0.30		1.40
Diluted		0.31		0.28		0.30		1.37
Fiscal 2011:
Net revenues	$	130,674	$	135,376	$	146,256	$	146,069
Gross profit		89,796		92,438		99,170		100,012
Operating income		31,323		35,887		41,394		39,107
Income from continuing operations		26,212		29,163		49,181		36,790
Net income		25,449		29,986		50,339		33,316
Income from continuing operations per share:
Basic		0.24		0.27		0.46		0.35
Diluted		0.23		0.27		0.46		0.34
Net income per share:
Basic		0.23		0.28		0.48		0.32
Diluted		0.22		0.28		0.47		0.31

(1) The statement of operations data for all periods presented reflects the operating results of the InfiniBand business as discontinued operations.

(2) During the three months ended December 26, 2010, the Company recorded $15.0 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.

(3) During the three months ended April 1, 2012, the Company recorded a gain on sale from discontinued operations, net of income taxes, of $109.1 million related to the divestiture of its InfiniBand business.