Discontinued Operations

9 Months Ended

Dec. 30, 2012

Discontinued Operations

Note 2. Discontinued Operations

On February 29, 2012, the Company completed the sale of the product lines and certain assets associated with its InfiniBand business (the IB Business). The IB Business meets the criteria to be presented as discontinued operations. As a result of this divestiture, the Company’s condensed consolidated financial statements for all periods present the operations of the IB Business as discontinued operations.

Income from discontinued operations consists of direct revenues and direct expenses of the IB Business, including cost of revenues, as well as other fixed and allocated costs to the extent that such costs were eliminated as a result of the transaction. General corporate overhead costs have not been allocated to discontinued operations. A summary of the operating results of the IB Business included in discontinued operations in the condensed consolidated statements of income is as follows:

	Three Months Ended						Nine Months Ended
	December 30, 2012			January 1, 2012			December 30, 2012			January 1, 2012
	(In thousands)
Net revenues	$	—		$	9,882		$	421		$	30,928
Income (loss) from operations before income taxes	$	(754	)	$	(717	)	$	(690	)	$	(2,534	)