XML 36 R42.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Quarterly Results (Unaudited) (Tables)
12 Months Ended
Mar. 29, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

The following table summarizes certain unaudited quarterly financial information for fiscal 2015 and 2014:

 

     Three Months Ended  
     June (1)      September      December (2)      March (3) (4)  
     (In thousands, except per share amounts)  

Fiscal 2015:

           

Net revenues

   $ 119,449       $ 127,503       $ 140,203       $ 133,043   

Gross profit

     70,695         75,410         82,401         77,546   

Operating income

     5,396         13,521         23,700         11,813   

Net income

     6,000         11,010         22,435         11,148   

Net income per share:

           

Basic

   $ 0.07       $ 0.13       $ 0.26       $ 0.13   

Diluted

   $ 0.07       $ 0.12       $ 0.25       $ 0.13   

Fiscal 2014:

           

Net revenues

   $ 113,116       $ 112,622       $ 119,449       $ 115,720   

Gross profit

     76,497         76,309         81,003         76,298   

Operating income (loss)

     (3,075      13,186         20,302         (42,633

Net income (loss)

     (3,050      10,977         20,586         (46,779

Net income (loss) per share:

           

Basic

   $ (0.03    $ 0.13       $ 0.24       $ (0.54

Diluted

   $ (0.03    $ 0.13       $ 0.24       $ (0.54

 

(1) During the three months ended June 30, 2013, the Company recorded special charges of $12.0 million, consisting of $9.6 million of exit costs and $2.4 million of asset impairment charges primarily related to property and equipment.

 

(2) During the three months ended December 28, 2014, the Company recorded a $3.7 million income tax benefit related to the retroactive reinstatement of the federal research tax credit.

 

(3) During the three months ended March 29, 2015, the Company recorded special charges of $5.6 million, consisting of $3.5 million of exit costs and $2.1 million of asset impairment charges related to property and equipment.

 

(4) During the three months ended March 30, 2014, the Company recorded special charges of $56.5 million, consisting of $41.0 million for the portion of a license payment attributed by the Company to the use of the related technology in periods prior to the date of the related license agreement, $10.6 million of exit costs and $4.9 million of asset impairment charges primarily related to property and equipment. The Company also recorded incremental tax charges of $14.7 million consisting of valuation allowances related to deferred tax assets for certain state tax credits and net operating loss carryforwards.