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SELECTED QUARTERLY FINANCIAL RESULTS (Notes)
 12 Months Ended
Sep. 30, 2017
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL RESULTS
SELECTED QUARTERLY FINANCIAL DATA (unaudited)
Presented below is a summary of the unaudited quarterly financial information for fiscal 2017 and 2016 (in thousands, except per share amounts). See Note 2 — "Restatement of Consolidated Financial Statements" for further discussion of the impact of the restatement on quarterly data as indicated below.
 
Fiscal 2017 for the Quarter Ended (As Previously Reported)
 
 
(in thousands, except per share amounts)
December 31
 
April 1
 
July 1
 
September 30
 
Fiscal 2017
Net revenue
$
149,639

 
$
199,613

 
$
243,897

 
$
215,892

 
$
809,041

Gross profit
68,318

 
90,291

 
111,698

 
104,739

 
375,046

Income from operations
17,281

 
32,605

 
11,464

 
36,904

 
98,254

Income tax expense / (benefit)
2,608

 
4,882

 
(17,867
)
 
2,242

 
(8,135
)
Net income
$
15,583

 
$
29,041

 
$
30,811

 
$
36,576

 
$
112,011

 
 
 
 
 
 
 
 
 
 
Net income per share (1):
 
 
 
 
 
 
 
 
 
   Basic
$
0.22

 
$
0.41

 
$
0.43

 
$
0.52

 
$
1.58

   Diluted
$
0.22

 
$
0.40

 
$
0.43

 
$
0.51

 
$
1.55

 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
70,854

 
70,964

 
71,063

 
70,742

 
70,906

Diluted
71,763

 
72,270

 
72,483

 
72,071

 
72,063

 
Effect of Restatement
 
 
Net revenue
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Gross profit
109

 
1,972

 
2,306

 
2,661

 
7,048

Income from operations
1,778

 
3,898

 
4,208

 
4,945

 
14,829

Income tax expense / (benefit)
(35
)
 
269

 
210

 
297

 
741

Net income
$
1,813

 
$
3,629

 
$
3,997

 
$
4,649

 
$
14,088

 
 
 
 
 
 
 
 
 
 
Net income per share (1):
 
 
 
 
 
 
 
 
 
   Basic
$
0.03

 
$
0.05

 
$
0.06

 
$
0.06

 
$
0.20

   Diluted
$
0.03

 
$
0.05

 
$
0.06

 
$
0.06

 
$
0.20

 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
70,854

 
70,964

 
71,063

 
70,742

 
70,906

Diluted
71,763

 
72,270

 
72,483

 
72,071

 
72,063

 
Fiscal 2017 for the Quarter Ended (As Restated)
 
 
Net revenue
$
149,639

 
$
199,613

 
$
243,897

 
$
215,892

 
$
809,041

Gross profit
68,427

 
92,263

 
114,004

 
107,400

 
382,094

Income from operations
19,059

 
36,503

 
15,672

 
41,849

 
113,083

Income tax expense / (benefit)
2,573

 
5,151

 
(17,657
)
 
2,539

 
(7,394
)
Net income
$
17,396

 
$
32,670

 
$
34,808

 
$
41,225

 
$
126,099

 
 
 
 
 
 
 
 
 
 
Net income per share (1):
 
 
 
 
 
 
 
 
 
   Basic
$
0.25

 
$
0.46

 
$
0.49

 
$
0.58

 
$
1.78

   Diluted
$
0.24

 
$
0.45

 
$
0.48

 
$
0.57

 
$
1.75

 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
70,854

 
70,964

 
71,063

 
70,742

 
70,906

Diluted
71,763

 
72,270

 
72,483

 
72,071

 
72,063

 
Fiscal 2016 for the Quarter Ended (As Previously Reported)
 
 
(in thousands, except per share amounts)
January 2
 
April 2
 
July 2
 
October 1
 
Fiscal 2016
Net revenue
$
108,534

 
$
156,400

 
$
216,414

 
$
145,844

 
$
627,192

Gross profit
50,421

 
69,647

 
100,040

 
66,621

 
286,729

Income from operations
(1,705
)
 
11,709

 
38,622

 
3,913

 
52,539

Income tax (benefit) / expense
(1,265
)
 
7,045

 
7,519

 
(5,661
)
 
7,638

Net (loss)/income
$
(91
)
 
$
5,089

 
$
31,785

 
$
10,329

 
$
47,112

 
 
 
 
 
 
 
 
 
 
Net income per share (1):
 
 
 
 
 
 
 
 
 
   Basic
$
—

 
$
0.07

 
$
0.45

 
$
0.15

 
$
0.67

   Diluted
$
—

 
$
0.07

 
$
0.45

 
$
0.15

 
$
0.67

 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
70,738

 
70,389

 
70,379

 
70,404

 
70,477

Diluted
70,738

 
70,634

 
70,843

 
71,017

 
70,841

 
Effect of Restatement
 
 
Net revenue
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Gross profit
(1,926
)
 
(1,902
)
 
(484
)
 
(1,381
)
 
(5,693
)
Income from operations
(295
)
 
(48
)
 
1,240

 
517

 
1,414

Income tax (benefit) / expense
(47
)
 
(67
)
 
100

 
85

 
71

Net (loss)/income
$
(249
)
 
$
20

 
$
1,140

 
$
432

 
$
1,343

 
 
 
 
 
 
 
 
 
 
Net income per share (1):
 
 
 
 
 
 
 
 
 
   Basic
$
—

 
$
—

 
$
0.02

 
$
0.01

 
$
0.02

   Diluted
$
—

 
$
—

 
$
0.02

 
$
0.01

 
$
0.02

 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
70,738

 
70,389

 
70,379

 
70,404

 
70,477

Diluted
70,738

 
70,634

 
70,843

 
71,017

 
70,841

 
Fiscal 2016 for the Quarter Ended (As Restated)
 
 
Net revenue
$
108,534

 
$
156,400

 
$
216,414

 
$
145,844

 
$
627,192

Gross profit
48,495

 
67,745

 
99,556

 
65,240

 
281,036

Income from operations
(2,000
)
 
11,661

 
39,862

 
4,430

 
53,953

Income tax (benefit) / expense
(1,312
)
 
6,978

 
7,619

 
(5,576
)
 
7,709

Net (loss)/income
$
(340
)
 
$
5,109

 
$
32,925

 
$
10,761

 
$
48,455

 
 
 
 
 
 
 
 
 
 
Net income per share (1):
 
 
 
 
 
 
 
 
 
   Basic
$
—

 
$
0.07

 
$
0.47

 
$
0.15

 
$
0.69

   Diluted
$
—

 
$
0.07

 
$
0.46

 
$
0.15

 
$
0.68

 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
70,738

 
70,389

 
70,379

 
70,404

 
70,477

Diluted
70,738

 
70,634

 
70,843

 
71,017

 
70,841

(1) EPS for the year may not equal the sum of quarterly EPS due to changes in weighted share calculations.