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Selected Quarterly Consolidated Financial Data (Unaudited) (Tables)
12 Months Ended
Jul. 02, 2016
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 July 2, 2016. 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 income (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
 
July 2,
2016
 
March 26,
2016
 
December 26,
2015
 
September 26,
2015
 
(Thousands)
Revenues
$
125,185

 
$
101,050

 
$
94,129

 
$
87,550

Cost of revenues
85,008

 
74,114

 
67,521

 
64,853

Gross profit
40,177

 
26,936

 
26,608

 
22,697

Operating expenses
27,374

 
24,477

 
24,076

 
24,649

Other income (expense), net
(2,470
)
 
(1,894
)
 
(1,390
)
 
(659
)
Income (loss) from continuing operations before income taxes
10,333

 
565

 
1,142

 
(2,611
)
Income tax (benefit) provision
(1,511
)
 
476

 
985

 
899

Income (loss) from continuing operations
11,844

 
89

 
157

 
(3,510
)
Income (loss) from discontinued operations, net of tax

 

 

 

Net income (loss)
11,844

 
89

 
157

 
(3,510
)
Basic net income (loss) per share:
 
 
 
 
 
 
 
Income (loss) per share from continuing operations
$
0.11

 
$

 
$

 
$
(0.03
)
Income (loss) per share from discontinued operations

 

 

 

Basic net income (loss) per share
$
0.11

 
$

 
$

 
$
(0.03
)
Diluted net income (loss) per share:
 
 
 
 
 
 
 
Income (loss) per share from continuing operations (1)
$
0.09

 
$

 
$

 
$
(0.03
)
Income (loss) per share from discontinued operations

 

 

 

Diluted net income (loss) per share
$
0.09

 
$

 
$

 
$
(0.03
)
Shares used in computing net income (loss) per share:
 
 
 
 
 
 
 
Basic
111,678

 
110,882

 
110,296

 
109,458

Diluted
147,649

 
113,699

 
112,394

 
109,458

(1) The numerator for the fourth quarter of fiscal year 2016 diluted earnings per share calculation includes an add back of approximately $1.2 million of interest costs related to our 6.00% Notes. The denominator for the fourth quarter of fiscal year 2016 diluted earnings per share calculation includes 33.3 million shares related to our 6.00% Notes.
 
Quarter Ended
 
June 27,
2015
 
March 28,
2015
 
December 27,
2014
 
September 27,
2014
 
(Thousands)
Revenues
$
82,192

 
$
83,023

 
$
86,820

 
$
89,241

Cost of revenues
66,319

 
70,323

 
73,054

 
74,832

Gross profit
15,873

 
12,700

 
13,766

 
14,409

Operating expenses
26,683

 
26,082

 
17,572

 
31,872

Other income (expense), net
(3,110
)
 
2,659

 
(435
)
 
(1,559
)
Loss from continuing operations before income taxes
(13,920
)
 
(10,723
)
 
(4,241
)
 
(19,022
)
Income tax (benefit) provision
(51
)
 
(537
)
 
(38
)
 
954

Loss from continuing operations
(13,869
)
 
(10,186
)
 
(4,203
)
 
(19,976
)
Loss from discontinued operations, net of tax

 

 
(8,080
)
 
(378
)
Net loss
(13,869
)
 
(10,186
)
 
(12,283
)
 
(20,354
)
Basic and diluted net loss per share:
 
 
 
 
 
 
 
Loss per share from continuing operations
$
(0.13
)
 
$
(0.09
)
 
$
(0.04
)
 
$
(0.19
)
Loss per share from discontinued operations

 

 
(0.07
)
 

Basic and diluted net loss per share
$
(0.13
)
 
$
(0.09
)
 
$
(0.11
)
 
$
(0.19
)
Shares used in computing net loss per share:
 
 
 
 
 
 
 
Basic
109,122

 
108,357

 
107,849

 
107,249

Diluted
109,122

 
108,357

 
107,849

 
107,249