Quarterly Results (Unaudited)

12 Months Ended

Mar. 30, 2013

Quarterly Results (Unaudited) [Abstract]

Quarterly Results (Unaudited)

19.      Quarterly Results (Unaudited)

The following quarterly results have been derived from our audited annual consolidated financial statements.  In the opinion of management, this unaudited quarterly information has been prepared on the same basis as the annual consolidated financial statements and includes all adjustments, including normal recurring adjustments, necessary for a fair presentation of this quarterly information.  This information should be read along with the financial statements and related notes.  The operating results for any quarter are not necessarily indicative of results to be expected for any future period. 

The unaudited quarterly statement of operations data for each quarter of fiscal years 2013 and 2012 were as follows (in thousands, except per share data):

	Fiscal Year 2013
	1st		2nd		3rd		4th
	Quarter		Quarter		Quarter		Quarter
Net sales	$	99,006	$	193,774	$	310,133	$	206,873
Gross margin		53,440		100,087		158,050		83,614
Net income		6,927		35,449		67,862		26,360
Basic income per share	$	0.11	$	0.55	$	1.04	$	0.41
Diluted income per share		0.10		0.51		0.99		0.39

	Fiscal Year 2012
	1st		2nd		3rd		4th
	Quarter		Quarter		Quarter		Quarter
								(1)
Net sales	$	92,242	$	101,602	$	122,368	$	110,631
Gross margin		47,709		54,355		66,030		62,347
Net income		9,178		11,247		16,731		50,827
Basic income per share	$	0.14	$	0.17	$	0.26	$	0.79
Diluted income per share		0.13		0.17		0.25		0.75

(1) The $39.5 million tax benefit recorded in the fourth quarter of 2012 favorably impacted net income, as a result of a $37.3 million release in valuation allowance on deferred tax assets.