QUARTERLY RESULTS OF OPERATIONS



	Fiscal Year Ended April 1, 2018 (2)
(in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter (1)			Fourth Quarter (1) (4)
Revenues	$	196,713	$	204,398	$	217,075		$	224,578
Gross profit	$	110,038	$	116,762	$	128,385		$	127,100
Net income (loss) (3)	$	16,714	$	18,680	$	(68,241	)	$	20,711
Basic net income (loss) per share (3) (5)	$	0.13	$	0.14	$	(0.51	)	$	0.16
Diluted net income (loss) per share (3) (5)	$	0.12	$	0.14	$	(0.51	)	$	0.15



	Fiscal Year Ended April 2, 2017
(in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter (6)		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

(1) During fiscal 2018, we recorded an income tax charge of $114.2 million for the estimated impacts of the Tax Cuts and Job Act. Refer to Note 20 for details.

(2) On April 4, 2017, the Company completed the acquisition of GigPeak. The results of operations of the GigPeak business have been included in fiscal 2018.

(3) On April 4, 2017, the Company entered into a credit agreement that provides for variable rate term loans in aggregate principal amount of $200 million, with an original term of 7 years (the "Initial Term B Loan"). The Company recognized a total interest expense of $9.5 million related to the Term B Loan during fiscal 2018. Refer to Note 19 for details.

(4) During fiscal 2018, the Company recorded total asset impairment charge of $9.8 million which was comprised of $7.8 million related to certain assets comprised of intangibles, equipment and prepaid licenses, which were determined to be specifically used in non-strategic businesses and had no alternative use (Refer to Note 15 for details); and $2.0 million related to certain IPR&D projects (Refer to Note 3 for details).

(5) Basic and diluted earnings per share are 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 earnings per share.

(6) 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.