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Selected Quarterly Consolidated Financial Data (Unaudited)
12 Months Ended
Jun. 30, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Consolidated Financial Data (Unaudited)
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (UNAUDITED)
The following tables set forth our unaudited condensed consolidated statements of operations data for each of the eight quarterly periods ended June 30, 2018. 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 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 per share.
 
Quarter Ended
 
June 30,
2018
 
March 31,
2018
 
December 30,
2017
 
September 30,
2017
 
(Thousands)
Revenues
$
120,944

 
$
127,293

 
$
139,335

 
$
155,598

Cost of revenues
76,136

 
83,729

 
87,507

 
92,894

Gross profit
44,808

 
43,564

 
51,828

 
62,704

Operating expenses
35,898

 
35,633

 
32,573

 
31,475

Other income (expense), net
97

 
3,266

 
2,658

 
1,497

Income before income taxes
9,007

 
11,197

 
21,913

 
32,726

Income tax provision
2,587

 
390

 
3,176

 
6,237

Net income
$
6,420

 
$
10,807

 
$
18,737

 
$
26,489

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.04

 
$
0.06

 
$
0.11

 
$
0.16

Diluted
$
0.04

 
$
0.06

 
$
0.11

 
$
0.16

Shares used in computing net income per share:
 
 
 
 
 
 
 
Basic
170,325

 
169,602

 
168,990

 
168,137

Diluted
172,316

 
171,261

 
170,692

 
170,849

 
Quarter Ended
 
July 1,
2017
 
April 1,
2017
 
December 31,
2016
 
October 1,
2016
 
(Thousands)
Revenues
$
149,380

 
$
162,182

 
$
153,914

 
$
135,492

Cost of revenues
88,049

 
95,394

 
93,150

 
89,136

Gross profit
61,331

 
66,788

 
60,764

 
46,356

Operating expenses
31,444

 
29,048

 
27,362

 
28,417

Other income (expense), net
30

 
1,095

 
(3,098
)
 
(14,182
)
Income before income taxes
29,917

 
38,835

 
30,304

 
3,757

Income tax (benefit) provision
(26,110
)
 
621

 
37

 
406

Net income
$
56,027

 
$
38,214

 
$
30,267

 
$
3,351

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.33

 
$
0.23

 
$
0.18

 
$
0.03

Diluted
$
0.33

 
$
0.22

 
$
0.18

 
$
0.02

Shares used in computing net income per share:
 
 
 
 
 
 
 
Basic
167,349

 
166,808

 
165,822

 
132,480

Diluted
170,204

 
169,841

 
168,856

 
135,529