Unaudited Quarterly Consolidated Financial Data

12 Months Ended

Jul. 03, 2011

Unaudited Quarterly Consolidated Financial Data [Abstract]

Unaudited Quarterly Consolidated Financial Data


Note 16	Unaudited Quarterly Consolidated Financial Data

Selected unaudited quarterly consolidated financial data for fiscal years 2011 and 2010 are as follows:


								Diluted
								Net (Loss)
	Net				Net (Loss)			Income
	Revenues		Gross Profit		Income			per Share
	(In thousands, except per share data)

2011:
Fourth quarter	$	123,366	$	70,817	$	(15,694	)(1)	$	(0.18	)
Third quarter		112,082		61,488		(18,316	)(2),(3)		(0.21	)
Second quarter		113,998		62,934		(40,976	)(2),(4)		(0.47	)
First quarter		103,097		56,897		(8,624	)(2)		(0.11	)

Total	$	452,543	$	252,136	$	(83,610	)

2010:
Fourth quarter	$	103,129	$	63,382	$	(2,469	)	$	(0.03	)
Third quarter		102,204		64,420		13,309			0.16
Second quarter		108,290		66,784		8,942			0.11
First quarter		85,527		52,106		3,838			0.05

Total	$	399,150	$	246,692	$	23,620


(1)		Includes approximately $13.4 million charge for a valuation allowance primarily related to capital loss carryforwards, California deferred tax assets and Massachusetts research credits.

(2)		The Company has retrospectively adjusted its historical financial data for changes in the acquisition accounting related to the ServerEngines Corporation acquisition (see Note 2).

(3)		Includes approximately $9.2 million impairment of strategic investment and approximately $6.0 million in-process research and development impairment.

(4)		Includes approximately $36.7 million of incremental income tax expense resulting from a technology platform contribution transaction.

- Definition

This element can be used to disclose the entire quarterly financial data disclosure in the annual financial statements as a single block of text. The disclosure includes a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Alternatively, the details of this disclosure can be reported using the elements in this group, or by using other taxonomy elements and applying the appropriate quarterly date and period contexts when creating an instance document. For example, the element for "Interest and Dividend Income, Operating" may be used by financial institutions from the Statement of Income, applying the appropriate quarterly date and period context when creating an instance document.

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