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Quarterly Summary
 12 Months Ended
Oct. 29, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]
BROCADE COMMUNICATIONS SYSTEMS, INC.
Selected Quarterly Financial Data
(Unaudited)

 
Three Months Ended
 
October 29, 2016
 
July 30, 2016
 
April 30, 2016
 
January 30, 2016
 
October 31, 2015
 
August 1, 2015
 
May 2, 2015
 
January 31, 2015
 
(In thousands, except per share and stock price amounts)
Quarterly Data:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
$
657,299

 
$
590,721

 
$
523,306

 
$
574,284

 
$
588,827

 
$
551,819

 
$
546,575

 
$
576,239

Gross margin
$
420,314

 
$
356,899

 
$
350,311

 
$
388,815

 
$
394,277

 
$
371,904

 
$
372,209

 
$
389,683

Income from operations (1)
$
82,868

 
$
20,594

 
$
82,665

 
$
120,966

 
$
119,221

 
$
119,849

 
$
114,205

 
$
139,405

Net income
$
66,701

 
$
10,495

 
$
43,085

 
$
93,646

 
$
84,388

 
$
91,667

 
$
77,040

 
$
87,267

Per share amounts:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.17

 
$
0.02

 
$
0.11

 
$
0.23

 
$
0.20

 
$
0.22

 
$
0.18

 
$
0.20

Diluted
$
0.16

 
$
0.02

 
$
0.11

 
$
0.23

 
$
0.20

 
$
0.21

 
$
0.18

 
$
0.20

Shares used in computing
per share amounts:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
401,103

 
426,671

 
400,554

 
407,902

 
414,769

 
417,299

 
420,718

 
428,536

Diluted
410,123

 
434,416

 
408,748

 
415,085

 
422,315

 
427,518

 
433,234

 
439,156

Common stock sale prices:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
High
$
10.49

 
$
9.84

 
$
10.70

 
$
10.92

 
$
11.28

 
$
12.88

 
$
12.96

 
$
12.43

Low
$
8.64

 
$
7.60

 
$
7.58

 
$
7.40

 
$
9.72

 
$
9.67

 
$
10.85

 
$
10.66


(1) 
Beginning in the fourth quarter of the fiscal year ended October 29, 2016, revenue from sales to distributor customers is recognized upon shipment to the distributor (sell-in) and is reduced by allowances for rebates, sales program incentives, and stock rotations, which are all estimated by a process using both historical experience and expectations of future outcomes based on facts and circumstances available contemporaneously at the date of estimation. See Note 2, “Summary of Significant Accounting Policies,” of the Notes to Consolidated Financial Statements.