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SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Apr. 02, 2017
Quarterly Financial Information Disclosure [Abstract]  
SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED)
SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED)
 
QUARTERLY RESULTS OF OPERATIONS
(in thousands, except per share data) 
 
Fiscal Year Ended April 2, 2017
 
First
Quarter
 
Second
Quarter
 
Third
Quarter (1)
 
Fourth
Quarter
Revenues
$
192,128

 
$
184,059

 
$
176,358

 
$
175,698

Gross profit
108,349

 
106,532

 
104,085

 
101,672

Net income from continuing operations
20,947

 
24,591

 
33,437

 
30,209

Net income from discontinued operations
—

 
—

 
1,298

 
—

Net income
$
20,947

 
$
24,591

 
$
34,735

 
$
30,209

Basic net income per share – continuing operations
$
0.16

 
$
0.18

 
$
0.25

 
$
0.23

Basic net income per share
$
0.16

 
$
0.18

 
$
0.26

 
$
0.23

Diluted net income per share – continuing operations
$
0.15

 
$
0.18

 
$
0.24

 
$
0.22

Diluted net income per share
$
0.15

 
$
0.18

 
$
0.25

 
$
0.22

 
 
Fiscal Year Ended April 3, 2016
 
First
Quarter
 
Second
Quarter
 
Third
Quarter (2)
 
Fourth
Quarter (3)
Revenues
$
160,907

 
$
169,498

 
$
177,610

 
$
189,361

Gross profit
99,234

 
106,546

 
107,911

 
107,963

Net income from continuing operations
38,720

 
42,423

 
32,545

 
81,611

Net loss from discontinued operations
(562
)
 
—

 
—

 
—

Net income
$
38,158

 
$
42,423

 
$
32,545

 
$
81,611

Basic net income per share – continuing operations
$
0.26

 
$
0.29

 
$
0.23

 
$
0.61

Basic net income per share
$
0.26

 
$
0.29

 
$
0.23

 
$
0.61

Diluted net income per share – continuing operations
$
0.25

 
$
0.28

 
$
0.22

 
$
0.59

Diluted net income per share
$
0.25

 
$
0.28

 
$
0.22

 
$
0.59

 
(1) In the third quarter of fiscal 2017, the Company completed the sale of the Disposal Group and recorded a loss on divestiture of approximately $0.7 million. Also, the Company recognized a gain on divestiture of approximately $1.3 million, net of tax, from the collection of receivable on the sale of HSC business.
(2) In the third quarter of fiscal 2016, the Company completed the acquisition of ZMDI. The results of operations of the ZMDI business have been included for the period of December 7, 2015 to April 3, 2016.
(3) In the fourth quarter of fiscal 2016, the Company recorded a tax benefit of $61.7 million from the release of a valuation allowance. Based on significant positive evidence which overcame prior negative evidence, the Company concluded that it was appropriate to release the valuation allowance against its deferred tax assets, with the exception of deferred tax assets related to certain foreign and state jurisdictions.