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Condensed Quarterly Results (Unaudited) (Tables)
12 Months Ended
Mar. 31, 2013
Schedule of Quarterly Financial Information

The following table summarizes certain unaudited quarterly financial information for fiscal 2013 and 2012:

 

     Three Months Ended (1)  
     June      September      December      March (2) (3)  
     (In thousands, except per share amounts)  

Fiscal 2013:

           

Net revenues

   $ 130,371       $ 117,867       $ 119,386       $ 116,914   

Gross profit

     87,058         78,887         80,297         79,116   

Operating income

     20,041         12,985         14,424         10,400   

Income from continuing operations

     18,441         11,780         13,705         29,635   

Net income

     18,386         11,874         13,241         29,635   

Income from continuing operations per share:

           

Basic

     0.19         0.13         0.15         0.33   

Diluted

     0.19         0.13         0.15         0.33   

Net income per share:

           

Basic

     0.19         0.13         0.14         0.33   

Diluted

     0.19         0.13         0.14         0.33   

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   

 

(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 March 31, 2013, the Company recorded $14.3 million of income tax benefits associated with adjustments to certain tax positions subject to an IRS examination and $5.0 million related to the retroactive reinstatement of the federal research tax credit.
(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.