Quarterly Financial Data

12 Months Ended

Mar. 31, 2012

17. Quarterly Financial Data (Unaudited)


		For the year ended March 31, 2012:
(In thousands, except per share amount)
		June 30,			September 30,		December 31,		March 31,
Three Months Ended		2011			2011		2011		2012
Total revenue	$	9,058		$	20,800	$	18,058	$	28,627
Operating loss		(38,327	)		(51,125	)	(26,569	)	(20,418	)
Net loss		(37,679	)		(51,709	)	(26,271	)	(21,168	)
Net loss per common share—basic		(0.74	)		(1.02	)	(0.52	)	(0.42	)
Net loss per common share—diluted		(0.74	)		(1.02	)	(0.52	)	(0.42	)

In the fourth quarter of the year ended March 31, 2012, the Company recorded an expense of $4.9 million of patent costs previously capitalized in prior periods as intangible assets. The Company determined that the change in accounting had an immaterial impact to the year ended March 31, 2012 and has elected to expense these charges as incurred going forward.


		For the year ended March 31, 2011:
		June 30,		September 30,		December 31,			March 31,
Three Months Ended		2010		2010		2010			2011
Total revenue	$	97,209	$	98,073	$	31,570		$	59,751
Operating income		16,081		13,080		(22,960	)		(184,184	)
Net income		9,170		7,839		(18,158	)		(185,135	)
Net income per common share—basic		0.20		0.17		(0.38	)		(3.67	)
Net income per common share—diluted		0.20		0.17		(0.38	)		(3.67	)

The Company recorded the following material charges in its consolidated financial statements during the fourth quarter of the year ended March 31, 2011:


Impact on loss before income tax expense for the quarterly period ended March 31, 2011:
Increase in provision for excess and obsolete inventory	$	61,216
Loss on purchase commitments		38,763
Goodwill and long-lived asset impairment		49,955
Write-off of prepaid value added taxes		5,355
Total impact on loss before income tax expenses for the quarterly period ended March 31, 2011	$	155,289

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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