XML 45 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Financial Data (Unaudited)
 12 Months Ended
Apr. 28, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Note 20. Quarterly Financial Data (Unaudited)

The following table presents summarized quarterly financial data:
 
Fiscal Year 2018(1)(2)(3)
 
July 29,
2017
 
October 28,
2017
 
January 27,
2018
 
April 28,
2018
Net sales
$
172,728

 
$
169,309

 
$
130,316

 
$
138,177

Gross profit
44,646

 
42,604

 
28,567

 
29,852

Net income (loss)
8,429

 
7,132

 
(6,189
)
 
(3,810
)
Basic earnings (loss) per share
0.19

 
0.16

 
(0.14
)
 
(0.09
)
Diluted earnings (loss) per share
0.19

 
0.16

 
(0.14
)
 
(0.09
)
 
 
 
 
 
 
 
 
 
Fiscal Year 2017(4)
 
July 30,
2016
 
October 29,
2016
 
January 28,
2017
 
April 29,
2017
Net sales
$
157,146

 
$
169,992

 
$
115,719

 
$
143,682

Gross profit
39,067

 
44,308

 
23,316

 
33,724

Net income (loss)
5,539

 
9,021

 
(5,127
)
 
909

Basic earnings (loss) per share
0.13

 
0.21

 
(0.12
)
 
0.02

Diluted earnings (loss) per share
0.13

 
0.20

 
(0.12
)
 
0.02


(1) The financial data for the quarter ended October 28, 2017 includes the sale of our non-digital division assets. See "Note 5. Sale of Non-Digital Division Assets" for further information.
(2) The financial data for the quarters ended October 28, 2017 and April 28, 2018 includes additional warranty charges due to specific site issues of $3,179 and $2,354, respectively. See "Note 18. Commitments and Contingencies" for further information.
(3) The financial data for the quarters ended January 27, 2018 and April 28, 2018 includes the effects of the Tax Act, which impacted our deferred tax asset valuation and the impact of deemed repatriation of foreign earnings with an increase to tax expense of $4,280 and a decrease to tax expense of $461. See "Note 14. Income Taxes" for further information.
(4) The financial data for the quarter ended October 29, 2016 includes an impairment loss on intangible assets. See "Note 6. Goodwill and Intangible Assets" for further information.