Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Discontinued Operations (Tables)

v3.6.0.2
Note 3 - Discontinued Operations (Tables)
9 Months Ended
Jan. 01, 2017
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
 
 
Three Months Ended
 
 
Nine Months Ended
 
 
 
January 1,
 
 
December 27,
 
 
January 1,
 
 
December 27,
 
 
 
2017
 
 
2015
 
 
2017
 
 
2015
 
Net sales
  $
4,628
    $
12,129
    $
30,936
    $
36,354
 
                                 
Cost of sales:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of sales
   
2,863
     
6,546
     
17,935
     
18,388
 
Amortization of purchased intangible assets
   
-
     
1,867
     
1,245
     
5,589
 
Total cost of sales
   
2,863
     
8,413
     
19,180
     
23,977
 
Gross profit
   
1,765
     
3,716
     
11,756
     
12,377
 
Operating expenses:
                               
Research and development
   
974
     
4,036
     
5,634
     
7,571
 
Selling, general and administrative
   
655
     
3,355
     
3,459
     
7,569
 
Total operating expenses, net
   
1,629
     
7,391
     
9,093
     
15,140
 
                                 
Gain on sale of iML
   
45,382
     
-
     
45,382
     
-
 
Interest income and other, net
   
(10
)    
2
     
69
     
9
 
Income (loss) before income taxes
   
45,508
     
(3,673
)    
48,114
     
(2,754
)
Provision for (benefit from) income taxes
   
(152
)    
1,419
     
132
     
4,601
 
Net income (loss) from discontinued operations
  $
45,660
    $
(5,092
)   $
47,982
    $
(7,355
)
Net proceeds
  $
127,933
 
Assets sold
   
(90,394
)
Liabilities transferred
   
2,843
 
Holdback amount
   
5,000
 
Gain on sale of iML
  $
45,382
 
 
 
March 27,
 
 
 
2016
 
Accounts receivable, net
  $
13,427
 
Inventories
   
7,944
 
Deferred income taxes and other assets
   
248
 
Property, plant and equipment, net
   
88
 
Goodwill
   
13,258
 
Identifiable intangible assets, net
   
58,946
 
Total assets
  $
93,911
 
         
Accounts payable
  $
2,024
 
Accrued liabilities
   
1,422
 
Deferred income taxes and other liabilities
   
24
 
Total liabilities
  $
3,470