Annual report pursuant to Section 13 and 15(d)

Quarterly Results of Operations (Unaudited)

v2.4.0.6
Quarterly Results of Operations (Unaudited)
12 Months Ended
Mar. 31, 2013
Quarterly Results of Operations (Unaudited)  
Quarterly Results of Operations (Unaudited)

Note 17: Quarterly Results of Operations (Unaudited)

        The following table sets forth certain quarterly information for fiscal years 2013 and 2012. This information, in the opinion of the Company's management, reflects all adjustments (consisting only of normal recurring adjustments) necessary to present fairly this information when read in conjunction with the consolidated financial statements and notes thereto included elsewhere herein (amounts in thousands except per share data):

 
  Fiscal Year 2013 Quarters Ended  
 
  Jun-30   Sep-30   Dec-31   Mar-31  

Net sales

  $ 223,632   $ 215,991   $ 200,297   $ 203,034  

Operating loss(1)

    (4,045 )   (14,020 )   (5,290 )   (15,927 )

Net income (loss)

    (17,753 )   (24,921 )   (14,257 )   (25,251 )

Net income (loss) per share (basic)

 
$

(0.40

)

$

(0.55

)

$

(0.32

)

$

(0.56

)

Net income (loss) per share (diluted)

  $ (0.40 ) $ (0.55 ) $ (0.32 ) $ (0.56 )


 

 
  Fiscal Year 2012 Quarters Ended  
 
  Jun-30   Sep-30   Dec-31   Mar-31  

Net sales

  $ 289,856   $ 265,514   $ 218,795   $ 210,668  

Operating income (loss)(1)

    40,842     24,913     (17,962 )   (9,992 )

Net income (loss)

    31,849     14,318     (27,771 )   (11,704 )

Net income (loss) per share (basic)

 
$

0.81
 
$

0.32
 
$

(0.62

)

$

(0.26

)

Net income (loss) per share (diluted)

  $ 0.61   $ 0.27   $ (0.62 ) $ (0.26 )

(1)
Operating income (loss) as a percentage of net sales fluctuates from quarter to quarter due to a number of factors, including net sales fluctuations, restructuring charges, product mix, the timing and expense of moving product lines to lower-cost locations, the write-down of long lived assets, the net gain/loss on sales and disposals of assets and the relative mix of sales among distributors, original equipment manufacturers, and electronic manufacturing service providers.