| Summary of Operating Results Through Dates of Divestiture Related to Divested Businesses |
The accompanying consolidated statement of operations includes the
following operating results related to this divested business (in
thousands):
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Three Months Ended |
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Six Months Ended |
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April 1,
2016 |
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April 3,
2015 |
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April 1,
2016 |
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April 3,
2015 |
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Revenue
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$ |
— |
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$ |
22,454 |
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$ |
— |
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$ |
40,762 |
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Cost of revenue
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— |
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15,161 |
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— |
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26,687 |
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Gross profit
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— |
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7,293 |
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— |
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14,075 |
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Operating expenses:
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Research and development
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— |
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622 |
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— |
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1,314 |
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Selling, general and administrative
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— |
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|
980 |
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— |
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1,351 |
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Restructuring charges
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— |
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— |
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— |
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— |
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Total operating expenses
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— |
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1,602 |
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— |
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2,665 |
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Income from discontinued operations
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— |
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5,691 |
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— |
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11,410 |
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Other income
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1,875 |
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— |
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3,750 |
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— |
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Gain on sale
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|
308 |
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— |
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308 |
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— |
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Income before income taxes
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2,183 |
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5,691 |
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4,058 |
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11,410 |
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Income tax provision
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|
787 |
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|
2,052 |
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1,463 |
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4,113 |
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Income from discontinued operations
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$ |
1,396 |
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$ |
3,639 |
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$ |
2,595 |
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$ |
7,297 |
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Above includes depreciation & amortization of
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$ |
— |
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$ |
57 |
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$ |
— |
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$ |
123 |
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Cashflow from Operating Activities
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— |
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2,227 |
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— |
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|
3,744 |
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Cashflow from Investing Activities
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|
3,750 |
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(250 |
) |
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|
3,750 |
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$ |
(250 |
) |
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