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Quarterly Summary
12 Months Ended
Nov. 01, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]
BROCADE COMMUNICATIONS SYSTEMS, INC.
QUARTERLY SUMMARY
(Unaudited)

 
Three Months Ended
 
November 1, 2014
 
August 2, 2014
 
May 3, 2014 (1)
 
January 25, 2014
 
October 26, 2013
 
July 27, 2013 (2)
 
April 27, 2013
 
January 26, 2013 (3)
 
(In thousands, except per share and stock price amounts)
Quarterly Data:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
$
564,358

 
$
545,464

 
$
536,910

 
$
564,535

 
$
558,800

 
$
536,551

 
$
538,784

 
$
588,729

Gross margin
$
377,118

 
$
361,713

 
$
354,292

 
$
372,670

 
$
362,640

 
$
338,202

 
$
334,112

 
$
373,925

Income from operations
$
126,530

 
$
117,897

 
$
20,195

 
$
121,490

 
$
83,650

 
$
74,363

 
$
57,179

 
$
93,291

Net income (loss)
$
83,419

 
$
87,352

 
$
(13,684
)
 
$
80,884

 
$
64,233

 
$
118,696

 
$
46,949

 
$
(21,255
)
Per share amounts:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.19

 
$
0.20

 
$
(0.03
)
 
$
0.18

 
$
0.14

 
$
0.26

 
$
0.10

 
$
(0.05
)
Diluted
$
0.19

 
$
0.20

 
$
(0.03
)
 
$
0.18

 
$
0.14

 
$
0.26

 
$
0.10

 
$
(0.05
)
Shares used in computing
per share amounts:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
431,843

 
432,448

 
436,167

 
440,573

 
444,642

 
449,446

 
453,133

 
454,843

Diluted
441,649

 
441,789

 
436,167

 
453,549

 
460,237

 
461,344

 
466,919

 
454,843

Sale prices:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
High
$
10.99

 
$
9.75

 
$
10.96

 
$
9.70

 
$
8.43

 
$
6.69

 
$
6.15

 
$
5.80

Low
$
8.91

 
$
7.95

 
$
8.81

 
$
7.77

 
$
6.28

 
$
5.14

 
$
5.38

 
$
5.17


(1)
The quarter ended May 3, 2014, includes the impact of an $83.4 million impairment of goodwill in the Company’s Application Delivery Products reporting unit.
(2) 
The quarter ended July 27, 2013, includes the impact of the nonrecurring gain of $76.8 million resulting from the litigation settlement with A10 Networks, Inc.
(3) 
The quarter ended January 26, 2013, includes a discrete charge of $78.2 million to reduce previously recognized California deferred tax assets due to changes in California law resulting from the passage of Proposition 39 during fiscal year 2013.