RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

6 Months Ended

Jan. 31, 2013

Effects of Restatement Adjustments on Unaudited Condensed Consolidated Statements of Operations

The effects of the restatement adjustments on the Company’s unaudited condensed consolidated statements of operations for the three months ended January 31, 2012 are as follows:

	As Previously Reported			Restatement Pricing Adjustments			Restatement Other Adjustments			As Restated
Net revenue	$	169,699		$	(496	)	$	232		$	169,435
Cost of revenue		154,029			—			(3	)		154,026
Gross profit		15,670			(496	)		235			15,409
Operating expenses
Selling, general and administrative		23,181			—			—			23,181
Amortization of intangible assets		285			—			—			285
Restructuring, net		4,463			—			—			4,463
Total operating expenses		27,929			—			—			27,929
Operating income (loss)		(12,259	)		(496	)		235			(12,520	)
Other income (expense):
Interest income		122			—			—			122
Interest expense		(96	)		—			(2	)		(98	)
Other gains, net		825			—			—			825
Equity in losses of affiliates and impairments		(290	)		—			—			(290	)
Total other income (expense)		561			—			(2	)		559
Income (loss) from continuing operations before income taxes		(11,698	)		(496	)		233			(11,961	)
Income tax expense		380			—			—			380
Income (loss) from continuing operations		(12,078	)		(496	)		233			(12,341	)
Discontinued operations, net of income taxes:
Loss from discontinued operations		(535	)		—			—			(535	)
Net income (loss)	$	(12,613	)	$	(496	)	$	233		$	(12,876	)
Basic and diluted loss per share:
Loss from continuing operations	$	(0.28	)	$	(0.01	)	$	—		$	(0.29	)
Loss from discontinued operations		(0.01	)		—			—			(0.01	)
Net loss	$	(0.29	)	$	(0.01	)	$	—		$	(0.30	)
Shares used in computing basic earnings per share:		43,434			—			—			43,434
Shares used in computing diluted earnings per share:		43,434			—			—			43,434

The effects of the restatement adjustments on the Company’s unaudited condensed consolidated statements of operations for the six months ended January 31, 2012 are as follows:

	As Previously Reported			Restatement Pricing Adjustments			Restatement Other Adjustments			As Restated
Net revenue	$	367,772		$	(913	)	$	406		$	367,265
Cost of revenue		326,308			—			(224	)		326,084
Gross profit		41,464			(913	)		630			41,181
Operating expenses
Selling, general and administrative		44,330			—			—			44,330
Amortization of intangible assets		569			—			—			569
Restructuring, net		5,219			—			—			5,219
Total operating expenses		50,118			—			—			50,118
Operating income (loss)		(8,654	)		(913	)		630			(8,937	)
Other income (expense):
Interest income		244			—			—			244
Interest expense		(185	)		—			(4	)		(189	)
Other gains, net		2,052			—			—			2,052
Equity in losses of affiliates and impairments		(717	)		—			—			(717	)
Total other income (expense)		1,394			—			(4	)		1,390
Income (loss) from continuing operations before income taxes		(7,260	)		(913	)		626			(7,547	)
Income tax expense		2,251			—			—			2,251
Income (loss) from continuing operations		(9,511	)		(913	)		626			(9,798	)
Discontinued operations, net of income taxes:
Loss from discontinued operations		(1,933	)		—			—			(1,933	)
Net income (loss)	$	(11,444	)	$	(913	)	$	626		$	(11,731	)
Basic and diluted earnings (loss) per share:
Income (loss) from continuing operations	$	(0.22	)	$	(0.02	)	$	0.01		$	(0.23	)
Loss from discontinued operations		(0.04	)		—			—			(0.04	)
Net income (loss)	$	(0.26	)	$	(0.02	)	$	0.01		$	(0.27	)
Shares used in computing basic earnings per share:		43,367			—			—			43,367
Shares used in computing diluted earnings per share:		43,367			—			—			43,367

Effects of Restatement Adjustments on Unaudited Condensed Consolidated Statements of Cash Flows

The effects of the restatement adjustments on the Company’s unaudited condensed consolidated statement of cash flows for the six months ended January 31, 2012 are as follows:

	Six Months Ended January 31, 2012 (Unaudited)
	As Previously Reported			Restatement Pricing Adjustments			Restatement Other Adjustments			As Restated
Cash flows from operating activities of continuing operations:
Net income (loss)	$	(11,444	)	$	(913	)	$	626		$	(11,731	)
Loss from discontinued operations		(1,933	)		—			—			(1,933	)
Income (loss) from continuing operations		(9,511	)		(913	)		626			(9,798	)
Adjustments to reconcile income (loss) from continuing operations to net cash used in operating activities of continuing operations:
Depreciation		7,196			—			28			7,224
Amortization of intangible assets		569			—			—			569
Share-based compensation		1,880			—			—			1,880
Non-operating (gains) losses, net		(2,052	)		—			—			(2,052	)
Equity in losses of affiliates and impairments		717			—			—			717
Changes in operating assets and liabilities:
Trade accounts receivable, net		(13,825	)		—			—			(13,825	)
Inventories		(20,800	)		—			(219	)		(21,019	)
Prepaid expenses and other current assets		(787	)		—			—			(787	)
Accounts payable, accrued restructuring and accrued expenses		29,748			—			—			29,748
Refundable and accrued income taxes, net		(576	)		—			—			(576	)
Other assets and liabilities		2,457			913			(406	)		2,964
Net cash used in operating activities of continuing operations		(4,984	)		—			29			(4,955	)
Cash flows from investing activities of continuing operations:
Additions to property and equipment		(4,765	)		—			—			(4,765	)
Proceeds from the sale of equity investments in affiliates		8			—			—			8
Investments in affiliates		(1,052	)		—			—			(1,052	)
Net cash used in investing activities of continuing operations		(5,809	)		—			—			(5,809	)
Cash flows from financing activities of continuing operations:
Repayments on capital lease obligations		(30	)		—			(29	)		(59	)
Proceeds from issuance of common stock		61			—			—			61
Repurchase of common stock		(175	)		—			—			(175	)
Net cash used in financing activities of continuing operations		(144	)		—			(29	)		(173	)
Cash flows from discontinued operations:
Operating cash flows		(771	)		—			—			(771	)
Investing cash flows		(184	)		—			—			(184	)
Net cash used in discontinued operations		(955	)		—			—			(955	)
Net effect of exchange rate changes on cash and cash equivalents		(3,715	)		—			—			(3,715	)
Net increase in cash and cash equivalents		(15,607	)		—			—			(15,607	)
Cash and cash equivalents at beginning of period		111,225			—			—			111,225
Cash and cash equivalents at end of period	$	95,618		$	—		$	—		$	95,618