XML 60 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly financial data (Unaudited)
 12 Months Ended
Dec. 30, 2011
Quarterly financial data (unaudited) [Abstract]  
Quarterly financial data (unaudited)
(17)          Quarterly financial data (Unaudited)
 
Quarterly results (unaudited) for the years ended December 30, 2011 and December 31, 2010 are summarized as follows (in thousands, except per share data):
 
 
 
Quarter Ended
 
2011:
 
April 1
 
 
July 1
 
 
Sept. 30
 
 
Dec. 30
 (1)
Net sales
 
$
88,039
 
 
$
94,758
 
 
$
96,014
 
 
$
90,473
 
Gross profit
 
 
18,424
 
 
 
22,373
 
 
 
22,101
 
 
 
17,238
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) from continuing operations
 
$
(4,989
)
 
$
(4,461
)
 
$
(988
)
 
$
(43,008
)
Net (loss) earnings from discontinued operations
 
 
612
 
 
 
--
 
 
 
(270
)
 
 
(370
)
Net loss (earnings) attributable to non-controlling interest
 
 
(48
)
 
 
(44
)
 
 
118
 
 
 
62
 
Net (loss) attributable to Pulse Electronics Corporation
 
$
(4,425
)
 
$
(4,505
)
 
$
(1,140
)
 
$
(43,316
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic (loss) per share
 
$
(0.11
)
 
$
(0.11
)
 
$
(0.03
)
 
$
(1.05
)
Diluted (loss) per share
 
$
(0.11
)
 
$
(0.11
)
 
$
(0.03
)
 
$
(1.05
)

(1)
During the fourth quarter of 2011, we recorded an income tax valuation allowance of $58.0 million, of which $38.0 million resulted in an increase in income tax expense.  Refer to Note 7, Income taxes, for additional information.
 
 
 
Quarter Ended
 
2010:
 
Mar. 26 (2
)
 
June 25 (3
)
 
Oct. 1
 
 
Dec. 31
 
Net sales
 
$
92,860
 
 
$
116,473
 
 
$
121,963
 
 
$
101,184
 
Gross profit
 
 
19,592
 
 
 
30,868
 
 
 
33,068
 
 
 
25,087
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) earnings from continuing operations
 
$
(35,544
)
 
$
(2,482
)
 
$
8,136
 
 
$
2,153
 
Net (loss) earnings from discontinued operations
 
 
(18,076
)
 
 
2,908
 
 
 
6,188
 
 
 
(699
)
Net (earnings) attributable to non-controlling interest
 
 
(307
)
 
 
(290
)
 
 
(117
)
 
 
(273
)
Net (loss) earnings attributable to Pulse Electronics Corporation
 
$
(53,927
)
 
$
136
 
 
$
14,207
 
 
$
1,181
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic (loss) earnings per share
 
$
(1.32
)
 
$
0.00
 
 
$
0.35
 
 
$
0.03
 
Diluted (loss) earnings per share
 
$
(1.32
)
 
$
0.00
 
 
$
0.30
 
 
$
0.03
 
 
(2)
During the first quarter of 2010, we recorded impairments of $14.6 million to our goodwill and $11.5 million to our finite-lived intangible assets.  Refer to Note 4, Goodwill and other intangible assets, for a description of the impairment.
(3)
During the second quarter of 2010, we recorded a $3.6 million intangible asset impairment charge.  Refer to Note 4, Goodwill and other intangible assets, for a description of the impairment.