Quarterly Results of Operations (Unaudited)
|12 Months Ended|
Mar. 31, 2020
|Quarterly Financial Information Disclosure [Abstract]|
|Quarterly Results of Operations (Unaudited)||Quarterly Results of Operations (Unaudited)
The following table sets forth certain quarterly information for fiscal years 2020 and 2019. 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):
(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, foreign currency exchange, tax law changes, changes in valuation allowances on deferred tax assets, restructuring charges, product mix, the timing and expense of moving product lines to lower-cost locations, the write-down and impairment 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.
(2) The quarter ended September 30, 2019 included a $62.0 million expense related to a legal settlement. Refer to Note 17, Commitments and Contingencies for further information.(3) The quarter ended March 31, 2019 included a tax benefit of $50.1 million related to the partial release of valuation allowances in the U.S. and Japan.
The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef