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Selected Quarterly Consolidated Financial Data (Unaudited) (Tables)
12 Months Ended
Jun. 28, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Consolidated Financial Data
The following tables set forth our unaudited condensed consolidated statements of operations data for each of the eight quarterly periods ended June 28, 2014. We have prepared this unaudited information on a basis consistent with our audited consolidated financial statements, reflecting all normal recurring adjustments that we consider necessary for a fair presentation of our financial position and operating results for the fiscal quarters presented. Basic and diluted net loss per share is computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted net income (loss) per share.
On September 12, 2013 and November 1, 2013, we sold our Zurich and Amplifier Businesses, respectively. These sales are reported as discontinued operations, which require retrospective restatement of prior periods to classify the results of operations as discontinued operations.

 
Quarter Ended
 
June 28,
2014
 
March 29,
2014
 
December 28,
2013
 
September 28,
2013
 
(Thousands)
Revenues
$
95,911

 
$
95,398

 
$
102,914

 
$
96,648

Cost of revenues
82,694

 
84,298

 
86,001

 
85,430

Gross profit
13,217

 
11,100

 
16,913

 
11,218

Operating expenses
36,240

 
33,564

 
42,184

 
42,790

Other income (expense), net
(93
)
 
540

 
(11,352
)
 
1,745

Loss from continuing operations before income taxes
(23,116
)
 
(21,924
)
 
(36,623
)
 
(29,827
)
Income tax (benefit) provision
(11,836
)
 
745

 
1,424

 
302

Loss from continuing operations
(11,280
)
 
(22,669
)
 
(38,047
)
 
(30,129
)
Income (loss) from discontinued operations, net of tax
(12,749
)
 
(252
)
 
69,538

 
63,407

Net income (loss)
(24,029
)
 
(22,921
)
 
31,491

 
33,278

Basic and diluted net income (loss) per share:
 
 
 
 
 
 
 
Loss per share from continuing operations
$
(0.11
)
 
$
(0.22
)
 
$
(0.41
)
 
$
(0.33
)
Income (loss) per share from discontinued operations
(0.12
)
 

 
0.75

 
0.70

Basic and diluted net income (loss) per share
$
(0.23
)
 
$
(0.22
)
 
$
0.34

 
$
0.37

Shares used in computing net loss per share:
 
 
 
 
 
 
 
Basic
106,287

 
105,487

 
93,204

 
90,966

Diluted
106,287

 
105,487

 
93,204

 
90,966

 
 
Quarter Ended
 
June 29,
2013
 
March 30,
2013
 
December 29,
2012
 
September 29,
2012
 
(Thousands)
Revenues
$
95,384

 
$
101,539

 
$
112,071

 
$
95,635

Cost of revenues
90,084

 
95,939

 
99,796

 
90,642

Gross profit
5,300

 
5,600

 
12,275

 
4,993

Operating expenses
47,627

 
30,836

 
18,628

 
55,872

Other income (expense), net
(3,568
)
 
(11,651
)
 
(4,681
)
 
24,426

Loss from continuing operations before income taxes
(45,895
)
 
(36,887
)
 
(11,034
)
 
(26,453
)
Income tax (benefit) provision
(2,274
)
 
148

 
1,234

 
918

Loss from continuing operations
(43,621
)
 
(37,035
)
 
(12,268
)
 
(27,371
)
Income (loss) from discontinued operations, net of tax
(3,755
)
 
(2,971
)
 
2,013

 
2,263

Net loss
(47,376
)
 
(40,006
)
 
(10,255
)
 
(25,108
)
Basic and diluted net loss per share:
 
 
 
 
 
 
 
Loss per share from continuing operations
$
(0.48
)
 
$
(0.41
)
 
$
(0.14
)
 
$
(0.34
)
Income (loss) per share from discontinued operations
(0.04
)
 
(0.03
)
 
0.02

 
0.03

Basic and diluted net loss per share
$
(0.52
)
 
$
(0.44
)
 
$
(0.12
)
 
$
(0.31
)
Shares used in computing net loss per share:
 
 
 
 
 
 
 
Basic
90,771

 
90,263

 
89,827

 
80,219

Diluted
90,771

 
90,263

 
89,827

 
80,219