XML 45 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Quarterly Financial Data (Unaudited)
 12 Months Ended
Apr. 27, 2019
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 2019(1)(2)
 
July 28,
2018
 
October 27,
2018
 
January 26,
2019
 
April 27,
2019
Net sales
$
154,188

 
$
172,692

 
$
115,069

 
$
127,755

Gross profit
38,247

 
42,757

 
24,869

 
24,421

Net income (loss)
4,574

 
8,606

 
(3,319
)
 
(10,819
)
Basic earnings (loss) per share
0.10

 
0.19

 
(0.07
)
 
(0.24
)
Diluted earnings (loss) per share
0.10

 
0.19

 
(0.07
)
 
(0.24
)
 
 
 
 
 
 
 
 
 
Fiscal Year 2018(3)(4)(5)
 
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
)

(1) The financial data for the quarter ended October 27, 2018 includes the net assets acquired of AJT Systems, Inc. See "Note 5. Business Combination" for further information.
(2) The financial data for the quarter ended January 26, 2019 includes the release of $2,775 in unrecognized tax benefits related to the lapse of a statute of limitations and the release of $480 for a valuation allowance reversal related to foreign net operating loss carryforwards. For the year, see "Note 14. Income Taxes" for further information.
(3) The financial data for the quarter ended October 28, 2017 includes the sale of our non-digital division assets. See "Note 6. Sale of Non-Digital Division Assets" for further information.
(4) 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. For the year, see "Note 18. Commitments and Contingencies" for further information.
(5) 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 our 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.