Quarterly Financial Information (Unaudited)



(In thousands, except per share data)	1^st Quarter			2^nd Quarter			3^rd Quarter			4^th Quarter
Year Ended April 2, 2016
Net sales
Systems	$	32,062		$	35,570		$	31,282		$	44,043
Service	11,029			10,902			12,060			7,443
Total net sales	43,091			46,472			43,342			51,486
Cost of sales:
Systems	21,285			22,345			20,292			25,247
Service	6,429			5,706			5,329			5,055
Total cost of sales	27,714			28,051			25,621			30,302
Gross profit	15,377			18,421			17,721			21,184
Net (loss) income	(6,364		)	(3,260		)	(4,586		)	1,953
Basic net (loss) income per share	(0.20		)	(0.10		)	(0.15		)	0.06
Diluted net (loss) income per share	(0.20		)	(0.10		)	(0.15		)	0.06
Dividends per outstanding common share
Declared	$	—		$	—		$	—		$	—
Paid	$	—		$	—		$	—		$	—
Year Ended March 28, 2015
Net sales
Systems	$	23,424		$	30,273		$	31,750		$	26,156
Service	11,606			12,583			11,911			11,415
Total net sales	35,030			42,856			43,661			37,571
Cost of sales:
Systems	16,934			20,742			22,031			18,488
Service	5,808			7,349			6,917			6,168
Total cost of sales	22,742			28,091			28,948			24,656
Gross profit	12,288			14,765			14,713			12,915
Net loss	(8,251		)	(6,243		)	(6,376		)	(22,941		)
Basic net loss per share	(0.27		)	(0.20		)	(0.21		)	(0.75		)
Diluted net loss per share	(0.27		)	(0.20		)	(0.21		)	(0.75		)
Dividends per outstanding common share
Declared	$	0.08		$	0.08		$	0.08		$	—
Paid	$	0.08		$	0.08		$	0.08		$	—

The sum of the quarterly data presented in the table above for fiscal 2016 and 2015 may not equal annual results due to rounding.


1.	In the fourth quarter of 2016, gross profit included $0.4 million of charges for intangible write-off related to discontinued products.


2.	In each of the second, third and fourth quarters of 2016, net loss included $0.6 million, $1.9 million and $0.2 million of restructuring charges related to the Chelmsford, Massachusetts restructuring plan. Second quarter charge included $1.1 million of asset write-off due to the closure of the Chelmsford, Massachusetts manufacturing plant.


3.	In the third quarter of 2016, gross profit included $1.4 million of charges for inventory write-offs related to discontinued products.


4.	In the first and second quarters of 2016, net loss included $0.2 million and $0.1 million of acquisition and integration charges related to Topwin.


5.	In the fourth quarter of 2015, gross profit included $1.0 million of charges for inventory write-offs related to the Chelmsford, Massachusetts restructuring plan.


6.	In the fourth quarter of 2015, net operating expenses included a non-cash goodwill impairment charge of $7.9 million to write down the goodwill to its implied fair value as of March 28, 2015, a $2.0 million restructuring cost related to the Chelmsford, Massachusetts restructuring plan, primarily consisting of employee severance and related costs.


7.	In each of the third and fourth quarters of 2015, net loss included $0.3 million and $0.5 million of acquisition and integration charges related to Topwin.


8.	In the fourth quarter of 2015, net loss included a loss on a cost method investment of $4.3 million and a $0.6 million gain on liquidation of a foreign subsidiary.