Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Sep. 28, 2013 | Nov. 01, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Supertex Inc | ' |
Entity Central Index Key | '0000730000 | ' |
Current Fiscal Year End Date | '--03-29 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 28-Sep-13 | ' |
Trading Symbol | 'supx | ' |
Entity Common Stock, Shares Outstanding | ' | 11,418,677 |
CONDENSED_CONSOLIDATED_STATEME
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract] | ' | ' | ' | ' |
Net sales | $17,749 | $15,919 | $33,947 | $31,978 |
Cost of sales | 7,578 | 8,571 | 15,044 | 17,136 |
Gross profit | 10,171 | 7,348 | 18,903 | 14,842 |
Research and development | 3,685 | 3,556 | 7,165 | 7,042 |
Selling, general and administrative | 3,524 | 3,449 | 6,673 | 6,833 |
Total operating expenses | 7,209 | 7,005 | 13,838 | 13,875 |
Income from operations | 2,962 | 343 | 5,065 | 967 |
Interest income | 295 | 325 | 704 | 626 |
Other income, net | 419 | 291 | 479 | 192 |
Income before provision for income taxes | 3,676 | 959 | 6,248 | 1,785 |
Provision for income taxes | 943 | 269 | 629 | 498 |
Net income | $2,733 | $690 | $5,619 | $1,287 |
Net income per share | ' | ' | ' | ' |
Basic | $0.24 | $0.06 | $0.49 | $0.11 |
Diluted | $0.24 | $0.06 | $0.48 | $0.11 |
Shares used in per share computation: | ' | ' | ' | ' |
Basic | 11,505,000 | 11,779,000 | 11,516,000 | 11,889,000 |
Diluted | 11,601,000 | 11,782,000 | 11,593,000 | 11,892,000 |
CONDENSEND_CONSOLIDATED_STATEM
CONDENSEND CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
CONDENSEND CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract] | ' | ' | ' | ' |
Net income | $2,733 | $690 | $5,619 | $1,287 |
Other comprehensive income, net of tax: | ' | ' | ' | ' |
Net change in unrealized gain (loss) on available-for-sale investments, net of tax | 362 | 301 | 677 | 572 |
Reclassification adjustments for net realized gains on available-for-sale securities included in net income, net of tax | -1 | -11 | -100 | -18 |
Other comprehensive income, net of tax | 361 | 290 | 577 | 554 |
Comprehensive income | $3,094 | $980 | $6,196 | $1,841 |
CONDENSED_CONSOLIDATED_STATEME1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parentheticals) (USD $) | 3 Months Ended | 6 Months Ended | ||
Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | |
CONDENSEND CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract] | ' | ' | ' | ' |
Tax effect of reclassification adjustment for sale of security | $400 | $6,000 | $54,000 | $10,000 |
CONDENSED_CONSOLIDATED_BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) | Sep. 28, 2013 | Mar. 30, 2013 |
In Thousands, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and cash equivalents | $10,163 | $16,414 |
Short-term investments | 146,571 | 123,847 |
Trade accounts receivable, net | 7,708 | 7,335 |
Inventories | 12,428 | 11,344 |
Prepaid expenses and other current assets | 2,871 | 2,538 |
Prepaid income taxes | 5,763 | 3,203 |
Deferred income taxes | 7,644 | 7,517 |
Total current assets | 193,148 | 172,198 |
Long-term investments | ' | 13,800 |
Property, plant and equipment, net | 4,124 | 4,334 |
Other assets | 732 | 787 |
Deferred income taxes, noncurrent | 5,115 | 5,659 |
Total assets | 203,119 | 196,778 |
Current Liabilities: | ' | ' |
Trade accounts payable | 3,078 | 2,521 |
Accrued salaries and employee benefits | 14,901 | 13,230 |
Other accrued liabilities | 682 | 633 |
Deferred revenue | 2,616 | 2,651 |
Income taxes payable | 437 | 165 |
Total current liabilities | 21,714 | 19,200 |
Income taxes payable, noncurrent | 2,681 | 3,535 |
Deferred tax liabilities, noncurrent | 115 | 115 |
Other accrued liabilities, noncurrent | 583 | 575 |
Total liabilities | 25,093 | 23,425 |
Commitments and contingencies (Note 8) | ' | ' |
Preferred stock, no par value -- 10,000 shares authorized; none issued and outstanding | ' | ' |
Common stock, no par value -- 30,000 shares authorized; issued and outstanding 11,416 shares as of September 28, 2013 and 11,526 shares as of March 30, 2013 | 69,875 | 68,389 |
Accumulated other comprehensive loss | -93 | -564 |
Retained earnings | 108,244 | 105,528 |
Total shareholders' equity | 178,026 | 173,353 |
Total liabilities and shareholders' equity | $203,119 | $196,778 |
CONDENSED_CONSOLIDATED_BALANCE1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Sep. 28, 2013 | Mar. 30, 2013 |
Shareholders' equity: | ' | ' |
Preferred stock, no par value (in dollars per share) | ' | ' |
Preferred stock, authorized (in shares) | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Issued | ' | ' |
Preferred Stock, Shares Outstanding | ' | ' |
Common stock, no par value (in dollars per share) | ' | ' |
Common stock, authorized (in shares) | 30,000,000 | 30,000,000 |
Common stock, issued (in shares) | 11,416,000 | 11,526,000 |
Common stock, outstanding (in shares) | 11,416,000 | 11,526,000 |
CONDENSED_CONSOLIDATED_STATEME2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net income | $5,619 | $1,287 |
Non-cash adjustments to net income: | ' | ' |
Depreciation and amortization | 482 | 697 |
Provision for doubtful accounts and sales returns | 59 | 216 |
Provision for excess and obsolete inventories | 368 | 754 |
Deferred income taxes | ' | -127 |
Stock-based compensation | 1,348 | 1,514 |
Tax (provision) benefit related to stock-based compensation plans | -7 | 7 |
Unrealized loss from short-term investments, categorized as trading | -408 | -194 |
Amortization of premium on short-term investments | 1,486 | 1,268 |
Changes in operating assets and liabilities: | ' | ' |
Trade accounts receivable | -432 | -470 |
Inventories | -1,452 | 1,744 |
Prepaid expenses and other assets | -278 | 1,546 |
Prepaid income taxes | -2,560 | -47 |
Trade accounts payable and accrued expenses | 2,264 | 959 |
Deferred revenue | -35 | 213 |
Income taxes payable | -582 | 272 |
Net cash provided by operating activities | 5,872 | 9,639 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Purchases of property, plant and equipment | -251 | -144 |
Purchases of investments | -85,927 | -64,042 |
Sales of investments | 38,470 | 20,080 |
Maturities and redemptions of investments | 38,343 | 37,272 |
Net cash used in investing activities | -9,365 | -6,834 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Proceeds from exercise of stock options and employee stock purchase plan | 1,126 | 312 |
Stock repurchases | -3,884 | -6,828 |
Net cash used in financing activities | -2,758 | -6,516 |
NET DECREASE IN CASH AND CASH EQUIVALENTS | -6,251 | -3,711 |
CASH AND CASH EQUIVALENTS: | ' | ' |
Beginning of period | 16,414 | 19,860 |
End of period | 10,163 | 16,149 |
Supplemental cash flow disclosures: | ' | ' |
Income taxes paid (refunded), net | $3,783 | ($1,304) |
Organization_And_Basis_Of_Pres
Organization And Basis Of Presentation | 6 Months Ended |
Sep. 28, 2013 | |
Organization And Basis Of Presentation [Abstract] | ' |
Organization And Basis Of Presentation | ' |
Note 1 – Organization and Basis of Presentation | |
The accompanying unaudited condensed consolidated financial statements of Supertex, Inc. (“Supertex,” the “Company,” “we,” and “us”) and its subsidiary have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America. This financial information reflects all adjustments, which are, in the opinion of the Company’s management, of normal recurring nature and necessary to state fairly the balance sheet as of September 28, 2013; the related statements of income and comprehensive income for the three and six months ended September 28, 2013 and September 29, 2012; and the statements of cash flows for the six months ended September 28, 2013 and September 29, 2012. The March 30, 2013 balance sheet was derived from the audited financial statements included in the fiscal 2013 Annual Report on Form 10-K, but does not include all disclosures required by GAAP in the United States of America. All significant intercompany transactions and balances have been eliminated. | |
The condensed consolidated financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in these financial statements have been condensed or omitted pursuant to such rules and regulations, although the Company believes the disclosures which are made are adequate to make the information presented not misleading. These financial statements should be read in conjunction with the audited consolidated financial statements of Supertex, Inc. for the fiscal year ended March 30, 2013, which were included in the fiscal 2013 Annual Report on Form 10-K. | |
The preparation of financial statements in conformity with GAAP in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, and such differences may be material to the financial statements. The results of operations for the three and six months ended September 28, 2013 are not necessarily indicative of the results to be expected for any future periods. | |
The Company reports on a fiscal year basis and it operates and reports based on quarterly periods ending on the Saturday nearest to the end of the applicable calendar quarter, except in a 53-week fiscal year, in which case the additional week falls into the fourth quarter of the fiscal year. Fiscal 2014 will be a 52-week year. The three months ended September 28, 2013 and September 29, 2012, both consist of thirteen weeks. | |
Recent Accounting Pronouncements | |
In July 2013, Financial Accounting Standard Board (“FASB”) issued an amendment regarding the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This amendment requires certain unrecognized tax benefits to be presented as reductions to deferred tax assets instead of liabilities on the condensed consolidated balance sheets. This amendment is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013 (the fiscal quarter ending March 29, 2014 for the company). The company is currently assessing the potential effect to its consolidated financial statements in applying this guidance. | |
In February 2013, FASB issued an amendment regarding net income or other comprehensive income in financial statements. This amendment does not change the current requirements for reporting net income or other comprehensive income in financial statements. However, it requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. This amendment is effective prospectively for reporting periods beginning after December 15, 2012. The Company adopted this guidance in its interim period ended June 29, 2013. The adoption of this guidance did not impact the Company's financial statements, as the guidance is related to disclosure only. | |
Fair_Value
Fair Value | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Fair Value [Abstract] | ' | ||||||||||||
Fair Value | ' | ||||||||||||
Note 2 – Fair Value | |||||||||||||
The Company measures its cash equivalents, short-term investments and long-term investments at fair value. Fair value is defined as the price that would be received from selling an asset and paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability, such as inherent risk, transfer restrictions, and risk of nonperformance. | |||||||||||||
A three-tiered fair value hierarchy has been established as the basis for considering the above assumptions and determining the inputs used in the valuation methodologies in measuring fair values. The three levels of inputs are defined as follows: | |||||||||||||
Level 1 – Unadjusted quoted market prices for identical assets or liabilities in active markets that the Company has the ability to access. | |||||||||||||
Level 2 – Observable inputs such as quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in inactive markets. | |||||||||||||
Level 3 – Valuations based on models where significant inputs are not observable. The unobservable inputs reflect the Company’s own assumptions about the factors that market participants would use. | |||||||||||||
The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs. If a financial instrument uses an input that is significant to the fair value calculation, the instrument will be categorized based upon the lowest level of input that is significant to the fair value calculation. The Company’s financial assets and liabilities measured at fair value on a recurring basis include cash equivalents and investment securities, both short-term and long-term. | |||||||||||||
The carrying value of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair value due to their short maturities. | |||||||||||||
The Company’s money market investments, certificates of deposit purchased directly from the bank, and Non-Qualified Deferred Compensation Plan ("NQDCP") assets and liabilities are valued using Level 1 inputs. Fixed income available-for-sale portfolio, mainly consisting of municipal bonds, corporate bonds, commercial paper, auction rate securities (ARS) that were redeemed at par value subsequent to September 28, 2013, and certificates of deposits bought in the secondary market, are valued using Level 2 inputs. | |||||||||||||
ARS, with a fair value of $1,900,000 and temporary impairment of $200,000, which was classified as a long term investments at the end of the prior quarter, was reclassified as $2,100,000 of short term investments at the end of this quarter due to its subsequent redemption at par value on October 21, 2013. Further, this ARS investment was transferred to Level 2 from Level 3 due to its redemption at par and its redemption price in an inactive market was used to determine fair value. | |||||||||||||
The following tables summarize assets and liabilities measured at fair value on a recurring basis as of September 28, 2013 and March 30, 2013, excluding accrued interest (in thousands): | |||||||||||||
28-Sep-13 | |||||||||||||
Fair value measurements | |||||||||||||
Assets | Level 1 | Level 2 | Level 3 | Total | |||||||||
Money market funds | $ | 7,744 | -1 | $ | - | $ | - | $ | 7,744 | ||||
Municipal bonds | - | 91,943 | - | 91,943 | |||||||||
Corporate bonds | - | 33,468 | - | 33,468 | |||||||||
Certificates of deposits | 7,120 | 998 | - | 8,118 | |||||||||
Commercial paper | - | 749 | - | 749 | |||||||||
Equity mutual funds related to NQDCP | 10,193 | - | - | 10,193 | |||||||||
Auction Rate Securities | - | 2,100 | - | 2,100 | |||||||||
Total assets at fair value | $ | 25,057 | $ | 129,258 | $ | - | $ | 154,315 | |||||
Liabilities | |||||||||||||
Obligation related to NQDCP | $ | 10,193 | $ | - | $ | - | $ | 10,193 | |||||
30-Mar-13 | |||||||||||||
Fair value measurements | |||||||||||||
Assets | Level 1 | Level 2 | Level 3 | Total | |||||||||
Money market funds | $ | 13,476 | -1 | $ | - | $ | - | $ | 13,476 | ||||
Municipal bonds | - | 58,658 | - | 58,658 | |||||||||
Corporate bonds | - | 25,825 | - | 25,825 | |||||||||
Government agency bonds | - | 16,187 | - | 16,187 | |||||||||
Certificate of deposits | 3,459 | 4,300 | - | 7,759 | |||||||||
Commercial Papers | 5,745 | 5,745 | |||||||||||
Equity mutual funds related to NQDCP | 9,673 | - | - | 9,673 | |||||||||
Long-term investments in ARS | - | - | 13,800 | 13,800 | |||||||||
Total assets at fair value | $ | 26,608 | $ | 110,715 | $ | 13,800 | $ | 151,123 | |||||
Liabilities | |||||||||||||
Obligation related to NQDCP | $ | 9,673 | $ | - | $ | - | $ | 9,673 | |||||
_________________________ | |||||||||||||
-1 | Money market funds of $7,744,000 and $13,476,000 were classified as cash equivalents as of September 28, 2013 and March 30, 2013, respectively. | ||||||||||||
During the three and six months ended September 28, 2013, the Company transferred ARS with a par value of $2,100,000 from Level 3 to Level 2 as the ARS was fully redeemed at par subsequent to September 28, 2013. During the three and six months ended September 29, 2012, there were no significant transfers between Level 1, Level 2 and Level 3. The following table includes the activity for Auction Rate Securities that were classified as Level 3 of the valuation hierarchy (in thousands): | |||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Beginning balance of ARS classified as Level 3 | $ | 1,900 | $ | 13,600 | $ | 13,800 | $ | 25,900 | |||||
Redemption of investments in ARS at par | - | - | -12,950 | -12,750 | |||||||||
Reversals of unrealized losses due to redemptions | - | - | 970 | - | |||||||||
Change in fair value of existing ARS | 200 | 100 | 280 | 550 | |||||||||
Reclassified to Level 2 | -2,100 | - | -2,100 | - | |||||||||
Ending balance of ARS classified as Level 3 | $ | - | $ | 13,700 | $ | - | $ | 13,700 | |||||
The Company transfers investments into and out of levels within the fair value hierarchy based on a change in circumstances at the end of the fiscal quarter. | |||||||||||||
During the three and six months ended September 28, 2013, the Company received $0 and $12,950,000, respectively, in proceeds for the redemptions at par value of the ARS with a carrying value at the time of $0 and $11,900,000. See Note 3 for further discussion of the Company’s ARS. Subsequent to September 28, 2013, the Company received $2,100,000 for the redemption at par value of its last ARS holding. | |||||||||||||
Cash_And_Cash_Equivalents_And_
Cash And Cash Equivalents And Investments | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Cash And Cash Equivalents And Investments [Abstract] | ' | ||||||||||||
Cash And Cash Equivalents And Investments | ' | ||||||||||||
Note 3 – Cash and Cash Equivalents and Investments | |||||||||||||
The Company’s cash equivalents consist primarily of investments in money market funds as follows (in thousands): | |||||||||||||
28-Sep-13 | 30-Mar-13 | ||||||||||||
Cash | $ | 2,419 | $ | 2,938 | |||||||||
Cash equivalents: | |||||||||||||
Money market funds | 7,744 | 13,476 | |||||||||||
Total cash and cash equivalents | $ | 10,163 | $ | 16,414 | |||||||||
The Company’s portfolio of short-term and long-term investments is as follows (in thousands): | |||||||||||||
28-Sep-13 | |||||||||||||
Amortized | Unrealized | Unrealized | Carrying | ||||||||||
Cost | Gain | Loss | Value | ||||||||||
Short-term investments: | |||||||||||||
Trading securities: | |||||||||||||
Equity mutual funds related to NQDCP | $ | 10,193 | $ | - | $ | - | $ | 10,193 | |||||
Available-for-sale securities: | |||||||||||||
Municipal bonds | 91,926 | 160 | -143 | 91,943 | |||||||||
Corporate bonds | 33,474 | 61 | -67 | 33,468 | |||||||||
Certificates of deposits | 8,115 | 3 | - | 8,118 | |||||||||
Auction Rate Securities | 2,100 | - | - | 2,100 | |||||||||
Commercial papers | 749 | - | - | 749 | |||||||||
Total short-term investments | $ | 146,557 | $ | 224 | $ | -210 | $ | 146,571 | |||||
30-Mar-13 | |||||||||||||
Amortized | Unrealized | Unrealized | Carrying | ||||||||||
Cost | Gain | Loss | Value | ||||||||||
Short-term investments: | |||||||||||||
Trading securities: | |||||||||||||
Equity mutual funds related to NQDCP | $ | 9,673 | $ | - | $ | - | $ | 9,673 | |||||
Available-for-sale securities: | |||||||||||||
Municipal bonds | 58,524 | 156 | -22 | 58,658 | |||||||||
Corporate bonds | 25,667 | 161 | -3 | 25,825 | |||||||||
Government agency bonds | 16,106 | 82 | -1 | 16,187 | |||||||||
Certificates of deposits | 7,758 | 5 | -4 | 7,759 | |||||||||
Commercial Papers | 5,743 | 2 | - | 5,745 | |||||||||
Total short-term investments | $ | 123,471 | $ | 406 | $ | -30 | $ | 123,847 | |||||
Long-term investments: | |||||||||||||
ARS available-for sale securities | $ | 15,050 | $ | - | $ | -1,250 | $ | 13,800 | |||||
The Company’s short-term and long-term investments by contractual maturity are as follows (in thousands): | |||||||||||||
28-Sep-13 | 30-Mar-13 | ||||||||||||
Short-term investment: | |||||||||||||
Trading securities: | |||||||||||||
Due in one year or less | $ | 10,193 | $ | 9,673 | |||||||||
Available-for-sale securities: | |||||||||||||
Due in 12 months or less | 46,386 | 45,190 | |||||||||||
Due in 12 to 24 months | 54,110 | 23,019 | |||||||||||
Due in 24 to 36 months | 25,691 | 32,345 | |||||||||||
Due in 36 to 49 months | 10,191 | 13,620 | |||||||||||
Total short-term investments | $ | 146,571 | $ | 123,847 | |||||||||
Long-term investment: | |||||||||||||
Available-for-sale securities at fair value: | |||||||||||||
Due after ten years | $ | - | $ | 13,800 | |||||||||
Total long-term investments | $ | - | $ | 13,800 | |||||||||
Short-term investments classified as trading securities consisted entirely of investments in mutual funds held by the Company’s NQDCP. Unrealized gains (losses) on trading securities are recorded in the Condensed Consolidated Statements of Income. Unrealized gains on trading securities were $427,000 and $408,000 for the three and six months ended September 28, 2013 compared to $291,000 and $194,000, respectively, for the same periods of the prior fiscal year. | |||||||||||||
The Company’s available-for-sale portfolio as of September 28, 2013 was comprised of municipal bonds, corporate bonds, commercial paper, certificates of deposits and ARS. Unrealized gains (losses) on available-for-sale securities are recorded in other comprehensive income (loss) as increases (declines) in fair values and are considered to be temporary. | |||||||||||||
Realized gains (losses) on the sale of available-for-sale securities are determined by the specific identification method and are reflected in the interest income line item on the condensed consolidated statements of income. During the three and six months ended September 28, 2013, the Company disposed of short-term available-for-sale securities totaling $13,818,000 and $63,830,000, compared to $18,837,000 and $44,602,000, respectively, for the same periods of the prior fiscal year. The realized gains of these transactions were $1,000 and $153,000 for the three and six months ended September 28, 2013. For the three and six months ended September 29, 2012, such gain was immaterial. | |||||||||||||
Subsequent to September 28, 2013, an ARS with a par value of $2,100,000 was fully redeemed at par value. Therefore, this ARS was classified as a current asset with a book value of $2,100,000 and was presented as a short-term investment on the Company’s balance sheet as of September 28, 2013. | |||||||||||||
The Company loaned $300,000 on December 21, 2012 and $200,000 on October 28, 2013 (subsequent to this quarter end) under convertible promissory notes to a private startup company developing products based on a new technology. This private startup company uses the Company's ICs for its prototype systems. Sales to date have not been material for the Company. The $300,000 loan was recorded as a long term asset as of September 28, 2013 since the due date was extended from December 31, 2013 in connection with the additional $200,000 loan. These unsecured loans accrue simple interest at a 5% annual rate with principal and accrued interest convertible at the option of the Company to preferred stock with the loans maturing on December 31, 2014. The loans convert automatically into preferred stock, and the Company is required to invest another $1,500,000 if the private company is able to timely conduct a financing meeting certain criteria. The Company did not own any stock in the private company as of September 28, 2013. | |||||||||||||
Inventories
Inventories | 6 Months Ended | ||||||
Sep. 28, 2013 | |||||||
Inventories [Abstract] | ' | ||||||
Inventories | ' | ||||||
Note 4 – Inventories | |||||||
The Company’s inventories consist of high technology semiconductor devices that are specialized in nature, subject to rapid technological obsolescence, and sold in a highly competitive industry. Inventory balances at the end of each period are stated at the lower of cost (determined on a first-in, first-out basis) or net realizable value. | |||||||
Inventories consist of (in thousands): | |||||||
28-Sep-13 | 30-Mar-13 | ||||||
Raw materials | $ | 379 | $ | 470 | |||
Work-in-process | 8,498 | 7,310 | |||||
Finished goods | 2,326 | 2,324 | |||||
Finished goods at distributors and on consignment | 1,225 | 1,240 | |||||
Total inventories | $ | 12,428 | $ | 11,344 | |||
The Company wrote down excess and obsolete inventory totaling $227,000 and $368,000 for the three and six months ended September 28, 2013, compared to $598,000 and $754,000, respectively, for the same periods of the prior fiscal year. The Company sold previously written-down inventory of $574,000 and $1,063,000 for the three and six months ended September 28, 2013 compared to $419,000 and $764,000 for the same periods of the prior fiscal year. | |||||||
StockBased_Compensation
Stock-Based Compensation | 6 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Stock-Based Compensation [Abstract] | ' | ||||||||||||||||
Stock-Based Compensation | ' | ||||||||||||||||
Note 5 - Stock-Based Compensation | |||||||||||||||||
The stock-based compensation expense for the three and six months ended September 28, 2013 was $705,000 and $1,348,000, compared to $769,000 and $1,514,000, respectively, for the same periods of the prior fiscal year. | |||||||||||||||||
The Company granted options to employees with an estimated grant date fair value of $1,843,000 and $4,041,000, respectively, in the three and six months ended September 28, 2013. The Company granted options to employees with an estimated grant date fair value of $238,000 for both the three and six months ended September 29, 2012. As of September 28, 2013, the unrecorded stock-based compensation related to stock options was $5,572,000 (net of estimated forfeitures) and will be recognized over an estimated weighted average amortization period of approximately 2.2 years. | |||||||||||||||||
The Company’s shareholders approved the adoption of the 2001 Stock Option Plan (the “2001 Plan”) and the reservation of 2,000,000 shares of common stock for issuance under 2001 Plan at the August 17, 2001 annual meeting of shareholders. Options granted under the 2001 Plan were granted at the fair market value of the Company’s common stock on the date of grant and generally expired seven years from the date of grant or thirty days after termination of service, whichever occurs first. The options generally were exercisable beginning one year from date of grant and generally vest ratably over a five-year period. On August 24, 2006, the Company’s board of directors approved a change in grant policy of the 2001 Plan to only grant non-statutory stock options to better align the Company’s compensation plan to employee incentives and to Company objectives. On August 17, 2007, the Company’s board of directors approved that all future stock option grants would have a ten-year term, which is within the guidelines of the Company’s 2001 Plan, subject to earlier expiration thirty days after termination of service. As of August 14, 2009, no further options may be granted under the 2001 Plan. | |||||||||||||||||
The Company’s shareholders approved the adoption of the 2009 Equity Incentive Plan (the “2009 Plan”) at the August 14, 2009 annual meeting for shareholders. Under the 2009 Plan, the total number of shares of Company common stock reserved for issuance consists of 1,000,000 shares plus (1) the 159,509 shares which remained authorized for issuance under the 2001 Plan but which were not subject to outstanding stock awards as of August 14, 2009, and (2) those of the 1,440,400 shares, subject to stock awards outstanding under the 2001 Plan as of August 14, 2009 , that terminate prior to exercise and would otherwise be returned to the share reserves under the 2001 Plan, with the total shares in addition to the 1,000,000 shares thus being up to a maximum of 1,599,909 shares. The 2009 Plan allows the Company to continue its prior option practices under the 2001 Plan to grant non-statutory options to key employees with an exercise price equal to the fair market value of the Company’s stock on the date of grant. The Company’s options typically have a term of ten years and vest in 20% installments on each of the first five anniversaries of the date of grant. The 2009 Plan also provides the Company with the flexibility in designing equity incentives, including restricted stock awards, stock appreciation rights, restricted stock unit awards, performance stock awards, and performance cash awards. | |||||||||||||||||
The following table summarizes the activities under the 2001 and 2009 Plans for the six months ended September 28, 2013: | |||||||||||||||||
Options Outstanding | |||||||||||||||||
Available for Grant | Number of Shares | Weighted Average Exercise Price | |||||||||||||||
Balance, March 30, 2013 | 797,151 | 1,532,640 | $ | 25.29 | |||||||||||||
Granted | -403,540 | 403,540 | 22.55 | ||||||||||||||
Exercised | - | -51,060 | 21.27 | ||||||||||||||
Canceled | 91,940 | -91,940 | 33.35 | ||||||||||||||
Balance, September 28, 2013 | 485,551 | 1,793,180 | $ | 24.37 | |||||||||||||
The weighted average fair value of options, as determined under the authoritative guidance for stock compensation, granted to employees under the 2009 Plan during the three and six months ended September 28, 2013 was $10.44 and $10.01 per share, respectively. The total intrinsic value of options exercised (which is the amount by which the stock price exceeded the exercise price of the option on the date of the exercise) during the three and six months ended September 28, 2013 was $173,000 and $186,000, respectively. During the three and six months ended September 28, 2013, the amount of cash received from employees as a result of employee stock option exercises was $815,000 and $1,086,000, respectively. | |||||||||||||||||
The options outstanding and exercisable as of September 28, 2013, under the 2001 and 2009 Plans are in the following exercise price ranges: | |||||||||||||||||
x | |||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||
Range of Exercise Prices | Number Outstanding | Weighted-Average Remaining Contractual Life (Years) | Weighted-Average Exercise Price | Number Outstanding | Weighted-Average Exercise Price | ||||||||||||
$ | 17.29 | - | $ | 19.99 | 300,600 | 8.20 | $ | 18.88 | 66,560 | $ | 18.77 | ||||||
20.00 | - | 24.99 | 954,620 | 7.68 | 21.92 | 356,752 | 21.30 | ||||||||||
25.00 | - | 29.99 | 286,560 | 5.34 | 26.95 | 256,088 | 26.94 | ||||||||||
30.00 | - | 34.99 | 84,500 | 4.03 | 33.93 | 84,500 | 33.93 | ||||||||||
35.00 | - | 39.99 | 82,800 | 3.93 | 35.86 | 82,800 | 35.86 | ||||||||||
40.00 | - | 44.99 | 68,100 | 0.42 | 41.05 | 68,100 | 41.05 | ||||||||||
45.00 | - | 46.92 | 16,000 | 0.18 | 46.92 | 16,000 | 46.92 | ||||||||||
$ | 17.29 | - | $ | 46.92 | 1,793,180 | 6.71 | $ | 24.37 | 930,800 | $ | 27.00 | ||||||
Options outstanding and options exercisable under the option plans had a total intrinsic value of $5,352,000 and $1,936,000, respectively, as of September 28, 2013. | |||||||||||||||||
2000 Employee Stock Purchase Plan (“ESPP”). Under the ESPP, eligible employees may elect to withhold up to 20% of their cash compensation to purchase shares of the Company’s common stock at a price equal to 95% of the market value of the stock at the time of purchase, which is at the end of the six-month offering period. An eligible employee may purchase no more than 500 shares during any six-month offering period. For the six months ended September 28, 2013, the amount of cash received from employees as a result of ESPP purchases was $40,000 compared to $63,000 for the same period of the prior fiscal year. | |||||||||||||||||
Income_Taxes
Income Taxes | 6 Months Ended |
Sep. 28, 2013 | |
Income Taxes [Abstract] | ' |
Income Taxes | ' |
Note 6 – Income Taxes | |
The income tax provision for the three months ended September 28, 2013 was $943,000 on income before tax of $3,676,000 at the effective tax rate of 26% compared to $269,000 on income before tax of $959,000 at the effective tax rate of 28% for the same period of the prior fiscal year. | |
The provision for income taxes for the six months ended September 28, 2013 was $629,000 on income before tax of $6,248,000 at the effective tax rate of 10% compared to $498,000 on income before tax of $1,785,000 at the effective tax rate of 28% for the same period of the prior fiscal year. The decrease in tax rate was primarily due to $949,000 of income tax reserve releases resulting from expirations of statute of limitations on uncertain tax positions during the quarter ended June 29, 2013. There were no such statute of limitations expirations in the six-month period ended September 29, 2012. | |
The income tax benefit or provision for interim periods may not reflect the Company’s computed estimated annual effective tax rate and differs from the taxes computed at the federal and state statutory rates primarily due to the effects of foreign rate differentials, non-deductible stock-based compensation expense, tax-exempt interest income, R&D tax credits, tax contingencies including liability for uncertain positions and the domestic production activities deduction. | |
During the six months ended September 28, 2013, the liability for uncertain income tax positions excluding accrued interest and penalties decreased from $3,160,000 to $2,482,000. Of the total $2,482,000 of unrecognized tax benefits, $1,789,000 represents the amount that, if recognized, would favorably affect the Company’s effective income tax rate in a future period. The Company cannot conclude on the range of cash payments that will be made within the next twelve months associated with its uncertain tax positions. | |
The Company records interest and penalties related to unrecognized tax benefits in income tax expense. As of September 28, 2013, the Company had approximately $313,000 accrued for estimated interest and $164,000 for estimated penalties related to uncertain tax positions. For the six months ended September 28, 2013, the Company recorded estimated interest reduction of $125,000 and estimated penalties increase of $6,000. | |
The balance of unrecognized income tax benefits, including accrued interest and accrued penalties on September 28, 2013, was approximately $160,000 related to tax positions for which it is reasonably possible that the statute of limitations will expire in various jurisdictions within the next twelve months. | |
The Company’s major tax jurisdictions are the United States federal, State of California and Hong Kong, and the Company’s income tax returns are no longer subject to examination by these taxing authorities for fiscal years before 2002. | |
Net_Income_Per_Share
Net Income Per Share | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Net Income Per Share [Abstract] | ' | ||||||||||||
Net Income Per Share | ' | ||||||||||||
Note 7 - Net Income per Share | |||||||||||||
Basic earnings per share (“EPS”) is computed as net income divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares that may be issued through stock options and ESPP only, since the Company does not have warrants or any other convertible securities outstanding. | |||||||||||||
A reconciliation of the numerator and denominator of basic and diluted earnings per share is provided as follows (in thousands, except per share amounts): | |||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
BASIC: | |||||||||||||
Net income | $ | 2,733 | $ | 690 | $ | 5,619 | $ | 1,287 | |||||
Weighted average shares outstanding for the period | 11,505 | 11,779 | 11,516 | 11,889 | |||||||||
Net income per share | $ | 0.24 | $ | 0.06 | $ | 0.49 | $ | 0.11 | |||||
DILUTED: | |||||||||||||
Net income | $ | 2,733 | $ | 690 | $ | 5,619 | $ | 1,287 | |||||
Weighted average shares outstanding for the period | 11,505 | 11,779 | 11,516 | 11,889 | |||||||||
Effect of dilutive securities: stock options and ESPP | 96 | 3 | 77 | 3 | |||||||||
Total | 11,601 | 11,782 | 11,593 | 11,892 | |||||||||
Net income per share | $ | 0.24 | $ | 0.06 | $ | 0.48 | $ | 0.11 | |||||
Options to purchase 916,687 shares of the Company’s common stock at a weighted average price of $27.94 per share, and 1,058,161 shares at a weighted average price of $27.23 per share for the three and six months ended September 28, 2013, respectively, were outstanding but were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive. | |||||||||||||
For the three and six months ended September 29, 2012, options to purchase 1,650,407 shares of the Company’s common stock at a weighted average price of $26.48 per share, and 1,653,266 shares at a weighted average price of $26.53 per share, respectively, were outstanding but were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive. | |||||||||||||
Commitments_And_Contingencies
Commitments And Contingencies | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Commitments And Contingencies [Abstract] | ' | ||||||||||||
Commitments And Contingencies | ' | ||||||||||||
Note 8 – Commitments and Contingencies | |||||||||||||
Indemnification | |||||||||||||
As is customary in the Company’s industry, the Company has agreed to defend certain customers, distributors, suppliers, and subcontractors against certain claims which third parties may assert that its products allegedly infringe on certain of their intellectual property rights, including patents, trademarks, trade secrets, or copyrights. The Company has agreed to pay certain amounts of any resulting damage awards and typically has the option to replace any infringing product with non-infringing product. The terms of these indemnification obligations are generally perpetual from the effective date of the agreement. In certain cases, there are limits on and exceptions to the Company’s potential liability for indemnification relating to intellectual property infringement claims. The Company cannot estimate the amount of potential future payments, if any, that it might be required to make as a result of these agreements. The Company has never paid any damage awards nor has it been required to defend any claims related to its indemnification obligations, and accordingly, it has not accrued any amounts for indemnification obligations. However, there can be no assurance that the Company will not have any financial exposure under those indemnification obligations in the future. | |||||||||||||
Legal Proceedings | |||||||||||||
From time to time the Company is subject to possible claims or assessments from third parties arising in the normal course of business. Management has reviewed such possible claims and assessments with the Company’s outside legal counsel and believes that it is unlikely that they will result in any material adverse effect on the Company’s financial condition, results of operations, or cash flows. | |||||||||||||
Product Return Reserve | |||||||||||||
The Company’s standard policy is to accept the return of defective parts for credit from non-distributor customers for a period of 90 days from date of shipment. This period may be extended in certain cases. The Company records estimated product returns as a reduction to revenue in the same period as the related revenues are recorded. These estimates are based on historical experience, analysis of outstanding returned material authorizations and allowance authorizations data. | |||||||||||||
The reductions to revenue for estimated product returns for the three and six months ended September 28, 2013 and September 29, 2012 are as follows (in thousands): | |||||||||||||
Description | Balance at Beginning of Period | Charge | Deductions and Other(1) | Balance at End of Period | |||||||||
Three months ended September 28, 2013 | $ | 262 | $ | 11 | $ | -43 | $ | 230 | |||||
Three months ended September 29, 2012 | $ | 339 | $ | 86 | $ | -211 | $ | 214 | |||||
Six months ended September 28, 2013 | $ | 230 | $ | 71 | $ | -71 | $ | 230 | |||||
Six months ended September 29, 2012 | $ | 213 | $ | 220 | $ | -219 | $ | 214 | |||||
___________________ | |||||||||||||
(1) Represents amounts charged to the allowance for sales returns. | |||||||||||||
Warranty Reserve | |||||||||||||
While the Company’s sales returns are historically within the allowance established, it cannot guarantee that it will continue to experience the same return rates that it has had in the past. Any significant increase in product failure rates and the resulting sales returns could have a material adverse effect on the operating results for the period or periods in which such returns materialize. | |||||||||||||
For sales through distributors, the Company’s policy is to replace under warranty defective products at its own expense for a period of 90 days from date of shipment. This period may be extended in certain cases. This liability is limited to replacement of the product along with freight and delivery costs. In certain cases, the Company may pay for rework. | |||||||||||||
The Company reserves for estimated warranty costs in the same period as the related revenues are recorded. The estimate is based on historical expenses and is recorded as cost of sales. The warranty reserve was $52,000 as of September 28, 2013. Such amount was $54,000 as of March 30, 2013. | |||||||||||||
Operating Lease Obligations | |||||||||||||
The Company’s future minimum lease payments under non-cancelable operating leases as of September 28, 2013 are as follows (in thousands): | |||||||||||||
Payment Due by Fiscal Year | Operating Lease | ||||||||||||
2014 (remaining 6 months) | $ | 454 | |||||||||||
2015 | 882 | ||||||||||||
2016 | 796 | ||||||||||||
2017 | 55 | ||||||||||||
$ | 2,187 | ||||||||||||
The Company leases facilities under non-cancelable lease agreements expiring at various times through April 2016. Rental expense net of sublease income for the three and six months ended September 28, 2013 amounted to $260,000 and $517,000, respectively, compared to rental expense of $278,000 and $561,000 for the same periods of last fiscal year. | |||||||||||||
Common_Stock_Repurchase
Common Stock Repurchase | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Common Stock Repurchase [Abstract] | ' | ||||||||||||
Common Stock Repurchase | ' | ||||||||||||
Note 9 – Common Stock Repurchase | |||||||||||||
Common Stock Repurchase | |||||||||||||
Stock repurchase activities for the three months ended September 28, 2013 and September 29, 2012 are as follows: | |||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Number of shares repurchased | 147,000 | 396,000 | 163,000 | 402,000 | |||||||||
Cost of shares repurchased | $ | 3,534,000 | $ | 6,883,000 | $ | 3,884,000 | $ | 6,996,000 | |||||
Average price per share | $ | 23.96 | $ | 17.37 | $ | 23.77 | $ | 17.38 | |||||
In January 2011, the Board of Directors designated $60,000,000 of its cash, cash equivalents and investments for a major stock repurchase during the period from January 2011 through March 2013, and accordingly, increased the Company’s share repurchase program from approximately 556,000 shares to 2,500,000 shares. From January 2011 through March 30, 2013, the Company applied approximately $32,079,000 to stock repurchases of 1,672,000 shares. | |||||||||||||
The amended repurchase program has no expiration date except when an aggregate of 2,500,000 shares have been repurchased, either in the open market or through private transactions. Under this program, cumulatively the Company had repurchased approximately 1,835,000 shares for $35,963,000 as of September 28, 2013, leaving approximately 665,000 shares authorized for future repurchase under the Company’s current repurchase program. | |||||||||||||
Since the inception of the Company’s initial share repurchase program in 1992 through September 28, 2013, the Company has repurchased a total of approximately 4,179,000 shares of the common stock for an aggregate cost of $72,514,000 under its share repurchase programs. Upon their repurchase, shares are restored to the status of authorized but unissued shares. | |||||||||||||
Segment_Information
Segment Information | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Segment Information [Abstract] | ' | ||||||||||||
Segment Information | ' | ||||||||||||
Note 10 – Segment Information | |||||||||||||
The Company operates in one reportable segment comprising the design, development, manufacturing and marketing of high voltage semiconductor devices including analog and mixed signal integrated circuits. The Company’s chief operating decision maker, who is currently the Company’s chief executive officer, reviews financial information presented on a consolidated basis for purposes of making operating decisions and assessing financial performance. | |||||||||||||
The Company’s principal markets are in Asia, the United States, and Europe. Below is a summary of sales by major geographic area for the three and six months ended September 28, 2013 and September 29, 2012 (in thousands): | |||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||
Net Sales | 2013 | 2012 | 2013 | 2012 | |||||||||
United States | $ | 5,367 | $ | 4,170 | $ | 10,322 | $ | 9,549 | |||||
China | 5,186 | 4,815 | 10,189 | 8,653 | |||||||||
Singapore | 2,759 | 1,291 | 4,916 | 3,303 | |||||||||
Asia (excluding China & Singapore) | 2,656 | 3,964 | 4,955 | 6,891 | |||||||||
Europe | 1,694 | 1,563 | 3,452 | 3,306 | |||||||||
Other | 87 | 116 | 113 | 276 | |||||||||
Net Sales | $ | 17,749 | $ | 15,919 | $ | 33,947 | $ | 31,978 | |||||
Net property, plant and equipment by country as of September 28, 2013 and March 30, 2013 are as follows (in thousands): | |||||||||||||
28-Sep-13 | 30-Mar-13 | ||||||||||||
United States | $ | 3,349 | $ | 3,483 | |||||||||
Hong Kong, China | 775 | 851 | |||||||||||
Property, plant and equipment, net | $ | 4,124 | $ | 4,334 | |||||||||
Significant_Customers
Significant Customers | 6 Months Ended |
Sep. 28, 2013 | |
Significant Customers [Abstract] | ' |
Significant Customers | ' |
Note 11 – Significant Customers | |
The Company sells its products to OEMs through its direct sales and marketing personnel, and through its independent sales representatives and distributors. Revenue from sales to distributors and the related cost of sales are recognized only upon resale to end-user customers, which is on a sell-through basis worldwide. | |
A distributor and a major medical equipment company accounted for approximately 12% and 11%, respectively, of net sales for the three months ended September 28, 2013, and each accounted for 11% for the six months ended September 28, 2013. This major medical equipment company and this distributor along with another distributor each accounted for approximately 12% of net sales for the three months ended September 29, 2012. For the six months ended September 29, 2012, this medical equipment company and this distributor each accounted for approximately 12% of net sales while the other distributor accounted for less than 10% of net sales. Nearly all of the sales to the medical equipment company were through various distributors and contract manufacturers which have many international locations. None of the sales attributed to these distributors were included in the re-sales attributed to the medical equipment company. | |
There were no other customers that accounted for more than 10% of the Company’s net sales for the three and six months ended September 28, 2013 and September 29, 2012. | |
Fair_Value_Tables
Fair Value (Tables) | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Fair Value [Abstract] | ' | ||||||||||||
Schedule Of Assets And Liabilities Measured On A Recurring Basis | ' | ||||||||||||
28-Sep-13 | |||||||||||||
Fair value measurements | |||||||||||||
Assets | Level 1 | Level 2 | Level 3 | Total | |||||||||
Money market funds | $ | 7,744 | -1 | $ | - | $ | - | $ | 7,744 | ||||
Municipal bonds | - | 91,943 | - | 91,943 | |||||||||
Corporate bonds | - | 33,468 | - | 33,468 | |||||||||
Certificates of deposits | 7,120 | 998 | - | 8,118 | |||||||||
Commercial paper | - | 749 | - | 749 | |||||||||
Equity mutual funds related to NQDCP | 10,193 | - | - | 10,193 | |||||||||
Auction Rate Securities | - | 2,100 | - | 2,100 | |||||||||
Total assets at fair value | $ | 25,057 | $ | 129,258 | $ | - | $ | 154,315 | |||||
Liabilities | |||||||||||||
Obligation related to NQDCP | $ | 10,193 | $ | - | $ | - | $ | 10,193 | |||||
30-Mar-13 | |||||||||||||
Fair value measurements | |||||||||||||
Assets | Level 1 | Level 2 | Level 3 | Total | |||||||||
Money market funds | $ | 13,476 | -1 | $ | - | $ | - | $ | 13,476 | ||||
Municipal bonds | - | 58,658 | - | 58,658 | |||||||||
Corporate bonds | - | 25,825 | - | 25,825 | |||||||||
Government agency bonds | - | 16,187 | - | 16,187 | |||||||||
Certificate of deposits | 3,459 | 4,300 | - | 7,759 | |||||||||
Commercial Papers | 5,745 | 5,745 | |||||||||||
Equity mutual funds related to NQDCP | 9,673 | - | - | 9,673 | |||||||||
Long-term investments in ARS | - | - | 13,800 | 13,800 | |||||||||
Total assets at fair value | $ | 26,608 | $ | 110,715 | $ | 13,800 | $ | 151,123 | |||||
Liabilities | |||||||||||||
Obligation related to NQDCP | $ | 9,673 | $ | - | $ | - | $ | 9,673 | |||||
_________________________ | |||||||||||||
-1 | Money market funds of $7,744,000 and $13,476,000 were classified as cash equivalents as of September 28, 2013 and March 30, 2013, respectively. | ||||||||||||
Schedule Of Level 3 Assets | ' | ||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Beginning balance of ARS classified as Level 3 | $ | 1,900 | $ | 13,600 | $ | 13,800 | $ | 25,900 | |||||
Redemption of investments in ARS at par | - | - | -12,950 | -12,750 | |||||||||
Reversals of unrealized losses due to redemptions | - | - | 970 | - | |||||||||
Change in fair value of existing ARS | 200 | 100 | 280 | 550 | |||||||||
Reclassified to Level 2 | -2,100 | - | -2,100 | - | |||||||||
Ending balance of ARS classified as Level 3 | $ | - | $ | 13,700 | $ | - | $ | 13,700 | |||||
Cash_And_Cash_Equivalents_And_1
Cash And Cash Equivalents And Investments (Tables) | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Cash And Cash Equivalents And Investments [Abstract] | ' | ||||||||||||
Schedule Of Cash And Cash Equivalents | ' | ||||||||||||
28-Sep-13 | 30-Mar-13 | ||||||||||||
Cash | $ | 2,419 | $ | 2,938 | |||||||||
Cash equivalents: | |||||||||||||
Money market funds | 7,744 | 13,476 | |||||||||||
Total cash and cash equivalents | $ | 10,163 | $ | 16,414 | |||||||||
Schedule Of Investments | ' | ||||||||||||
28-Sep-13 | |||||||||||||
Amortized | Unrealized | Unrealized | Carrying | ||||||||||
Cost | Gain | Loss | Value | ||||||||||
Short-term investments: | |||||||||||||
Trading securities: | |||||||||||||
Equity mutual funds related to NQDCP | $ | 10,193 | $ | - | $ | - | $ | 10,193 | |||||
Available-for-sale securities: | |||||||||||||
Municipal bonds | 91,926 | 160 | -143 | 91,943 | |||||||||
Corporate bonds | 33,474 | 61 | -67 | 33,468 | |||||||||
Certificates of deposits | 8,115 | 3 | - | 8,118 | |||||||||
Auction Rate Securities | 2,100 | - | - | 2,100 | |||||||||
Commercial papers | 749 | - | - | 749 | |||||||||
Total short-term investments | $ | 146,557 | $ | 224 | $ | -210 | $ | 146,571 | |||||
30-Mar-13 | |||||||||||||
Amortized | Unrealized | Unrealized | Carrying | ||||||||||
Cost | Gain | Loss | Value | ||||||||||
Short-term investments: | |||||||||||||
Trading securities: | |||||||||||||
Equity mutual funds related to NQDCP | $ | 9,673 | $ | - | $ | - | $ | 9,673 | |||||
Available-for-sale securities: | |||||||||||||
Municipal bonds | 58,524 | 156 | -22 | 58,658 | |||||||||
Corporate bonds | 25,667 | 161 | -3 | 25,825 | |||||||||
Government agency bonds | 16,106 | 82 | -1 | 16,187 | |||||||||
Certificates of deposits | 7,758 | 5 | -4 | 7,759 | |||||||||
Commercial Papers | 5,743 | 2 | - | 5,745 | |||||||||
Total short-term investments | $ | 123,471 | $ | 406 | $ | -30 | $ | 123,847 | |||||
Long-term investments: | |||||||||||||
ARS available-for sale securities | $ | 15,050 | $ | - | $ | -1,250 | $ | 13,800 | |||||
Schedule Of Investments By Contractual Maturity | ' | ||||||||||||
28-Sep-13 | 30-Mar-13 | ||||||||||||
Short-term investment: | |||||||||||||
Trading securities: | |||||||||||||
Due in one year or less | $ | 10,193 | $ | 9,673 | |||||||||
Available-for-sale securities: | |||||||||||||
Due in 12 months or less | 46,386 | 45,190 | |||||||||||
Due in 12 to 24 months | 54,110 | 23,019 | |||||||||||
Due in 24 to 36 months | 25,691 | 32,345 | |||||||||||
Due in 36 to 49 months | 10,191 | 13,620 | |||||||||||
Total short-term investments | $ | 146,571 | $ | 123,847 | |||||||||
Long-term investment: | |||||||||||||
Available-for-sale securities at fair value: | |||||||||||||
Due after ten years | $ | - | $ | 13,800 | |||||||||
Total long-term investments | $ | - | $ | 13,800 | |||||||||
Inventories_Tables
Inventories (Tables) | 6 Months Ended | ||||||
Sep. 28, 2013 | |||||||
Inventories [Abstract] | ' | ||||||
Schedule Of Inventory | ' | ||||||
28-Sep-13 | 30-Mar-13 | ||||||
Raw materials | $ | 379 | $ | 470 | |||
Work-in-process | 8,498 | 7,310 | |||||
Finished goods | 2,326 | 2,324 | |||||
Finished goods at distributors and on consignment | 1,225 | 1,240 | |||||
Total inventories | $ | 12,428 | $ | 11,344 | |||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 6 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Stock-Based Compensation [Abstract] | ' | ||||||||||||||||
Schedule Of Stock Option Activity | ' | ||||||||||||||||
Options Outstanding | |||||||||||||||||
Available for Grant | Number of Shares | Weighted Average Exercise Price | |||||||||||||||
Balance, March 30, 2013 | 797,151 | 1,532,640 | $ | 25.29 | |||||||||||||
Granted | -403,540 | 403,540 | 22.55 | ||||||||||||||
Exercised | - | -51,060 | 21.27 | ||||||||||||||
Canceled | 91,940 | -91,940 | 33.35 | ||||||||||||||
Balance, September 28, 2013 | 485,551 | 1,793,180 | $ | 24.37 | |||||||||||||
Schedule Of Options Outstanding And Exercisable | ' | ||||||||||||||||
x | |||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||
Range of Exercise Prices | Number Outstanding | Weighted-Average Remaining Contractual Life (Years) | Weighted-Average Exercise Price | Number Outstanding | Weighted-Average Exercise Price | ||||||||||||
$ | 17.29 | - | $ | 19.99 | 300,600 | 8.20 | $ | 18.88 | 66,560 | $ | 18.77 | ||||||
20.00 | - | 24.99 | 954,620 | 7.68 | 21.92 | 356,752 | 21.30 | ||||||||||
25.00 | - | 29.99 | 286,560 | 5.34 | 26.95 | 256,088 | 26.94 | ||||||||||
30.00 | - | 34.99 | 84,500 | 4.03 | 33.93 | 84,500 | 33.93 | ||||||||||
35.00 | - | 39.99 | 82,800 | 3.93 | 35.86 | 82,800 | 35.86 | ||||||||||
40.00 | - | 44.99 | 68,100 | 0.42 | 41.05 | 68,100 | 41.05 | ||||||||||
45.00 | - | 46.92 | 16,000 | 0.18 | 46.92 | 16,000 | 46.92 | ||||||||||
$ | 17.29 | - | $ | 46.92 | 1,793,180 | 6.71 | $ | 24.37 | 930,800 | $ | 27.00 | ||||||
Net_Income_Per_Share_Tables
Net Income Per Share (Tables) | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Net Income Per Share [Abstract] | ' | ||||||||||||
Schedule Of Earnings Per Share | ' | ||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
BASIC: | |||||||||||||
Net income | $ | 2,733 | $ | 690 | $ | 5,619 | $ | 1,287 | |||||
Weighted average shares outstanding for the period | 11,505 | 11,779 | 11,516 | 11,889 | |||||||||
Net income per share | $ | 0.24 | $ | 0.06 | $ | 0.49 | $ | 0.11 | |||||
DILUTED: | |||||||||||||
Net income | $ | 2,733 | $ | 690 | $ | 5,619 | $ | 1,287 | |||||
Weighted average shares outstanding for the period | 11,505 | 11,779 | 11,516 | 11,889 | |||||||||
Effect of dilutive securities: stock options and ESPP | 96 | 3 | 77 | 3 | |||||||||
Total | 11,601 | 11,782 | 11,593 | 11,892 | |||||||||
Net income per share | $ | 0.24 | $ | 0.06 | $ | 0.48 | $ | 0.11 | |||||
Commitments_And_Contingencies_
Commitments And Contingencies (Tables) | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Commitments And Contingencies [Abstract] | ' | ||||||||||||
Schedule Of Product Return Liability | ' | ||||||||||||
Description | Balance at Beginning of Period | Charge | Deductions and Other(1) | Balance at End of Period | |||||||||
Three months ended September 28, 2013 | $ | 262 | $ | 11 | $ | -43 | $ | 230 | |||||
Three months ended September 29, 2012 | $ | 339 | $ | 86 | $ | -211 | $ | 214 | |||||
Six months ended September 28, 2013 | $ | 230 | $ | 71 | $ | -71 | $ | 230 | |||||
Six months ended September 29, 2012 | $ | 213 | $ | 220 | $ | -219 | $ | 214 | |||||
___________________ | |||||||||||||
(1) Represents amounts charged to the allowance for sales returns. | |||||||||||||
Schedule Of Future Minimum Rental Payments Due By Fiscal Year For Operating Leases | ' | ||||||||||||
Payment Due by Fiscal Year | Operating Lease | ||||||||||||
2014 (remaining 6 months) | $ | 454 | |||||||||||
2015 | 882 | ||||||||||||
2016 | 796 | ||||||||||||
2017 | 55 | ||||||||||||
$ | 2,187 | ||||||||||||
Common_Stock_Repurchase_Tables
Common Stock Repurchase (Tables) | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Common Stock Repurchase [Abstract] | ' | ||||||||||||
Schedule Of Stock Repurchase Activity | ' | ||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Number of shares repurchased | 147,000 | 396,000 | 163,000 | 402,000 | |||||||||
Cost of shares repurchased | $ | 3,534,000 | $ | 6,883,000 | $ | 3,884,000 | $ | 6,996,000 | |||||
Average price per share | $ | 23.96 | $ | 17.37 | $ | 23.77 | $ | 17.38 | |||||
Segment_Information_Tables
Segment Information (Tables) | 6 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Segment Information [Abstract] | ' | ||||||||||||
Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area | ' | ||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||
Net Sales | 2013 | 2012 | 2013 | 2012 | |||||||||
United States | $ | 5,367 | $ | 4,170 | $ | 10,322 | $ | 9,549 | |||||
China | 5,186 | 4,815 | 10,189 | 8,653 | |||||||||
Singapore | 2,759 | 1,291 | 4,916 | 3,303 | |||||||||
Asia (excluding China & Singapore) | 2,656 | 3,964 | 4,955 | 6,891 | |||||||||
Europe | 1,694 | 1,563 | 3,452 | 3,306 | |||||||||
Other | 87 | 116 | 113 | 276 | |||||||||
Net Sales | $ | 17,749 | $ | 15,919 | $ | 33,947 | $ | 31,978 | |||||
Reconciliation Of Property Plant And Equipment By Country | ' | ||||||||||||
28-Sep-13 | 30-Mar-13 | ||||||||||||
United States | $ | 3,349 | $ | 3,483 | |||||||||
Hong Kong, China | 775 | 851 | |||||||||||
Property, plant and equipment, net | $ | 4,124 | $ | 4,334 | |||||||||
Fair_Value_Narrative_Details
Fair Value (Narrative) (Details) (USD $) | 0 Months Ended | 3 Months Ended | 6 Months Ended | 0 Months Ended | 3 Months Ended | |
In Thousands, unless otherwise specified | Oct. 21, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Sep. 28, 2013 | Oct. 21, 2013 | Sep. 29, 2012 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
ARS, estimated fair value | ' | $2,100 | $1,900 | $2,100 | ' | ' |
ARS redemption at par value | 2,100 | 0 | 12,950 | 12,950 | ' | 2,100 |
ARS redemptions at carrying value | ' | 0 | ' | 11,900 | 2,100 | ' |
Unrealized Loss | ' | ' | $200 | ' | ' | ' |
Fair_Value_Schedule_Of_Assets_
Fair Value (Schedule Of Assets And Liabilities Measured On A Recurring Basis) (Details) (USD $) | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Sep. 29, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Mar. 30, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Mar. 30, 2013 | |
In Thousands, unless otherwise specified | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Money Market Funds [Member] | Money Market Funds [Member] | Money Market Funds [Member] | Money Market Funds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Corporate Bonds [Member] | Corporate Bonds [Member] | Corporate Bonds [Member] | Corporate Bonds [Member] | Government Agency Bonds [Member] | Government Agency Bonds [Member] | Certificates Of Deposits [Member] | Certificates Of Deposits [Member] | Certificates Of Deposits [Member] | Certificates Of Deposits [Member] | Certificates Of Deposits [Member] | Certificates Of Deposits [Member] | Commercial Paper [Member] | Commercial Paper [Member] | Commercial Paper [Member] | Commercial Paper [Member] | Equity Mutual Funds Related To NQDCP [Member] | Equity Mutual Funds Related To NQDCP [Member] | Equity Mutual Funds Related To NQDCP [Member] | Equity Mutual Funds Related To NQDCP [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | Fair Value Inputs Level 1 Level 2 And Level 3, Total [Member] | |||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Investments, Fair Value Disclosure | $25,057 | $26,608 | $129,258 | $110,715 | $1,900 | $13,800 | $13,700 | $13,600 | $25,900 | $154,315 | $151,123 | $7,744 | [1] | $13,476 | $7,744 | $13,476 | $91,943 | $58,658 | $91,943 | $58,658 | $33,468 | $25,825 | $33,468 | $25,825 | $16,187 | $16,187 | $7,120 | $3,459 | $998 | $4,300 | $8,118 | $7,759 | $749 | $5,745 | $749 | $5,745 | $10,193 | $9,673 | $10,193 | $9,673 | $2,100 | $13,800 | $2,100 | $13,800 |
Liabilities, Fair Value Disclosure | $10,193 | $9,673 | ' | ' | ' | ' | ' | ' | ' | $10,193 | $9,673 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
[1] | Money market funds of $7,744,000 and $13,476,000 were classified as cash equivalents as of September 28, 2013 and March 30, 2013, respectively. |
Fair_Value_Schedule_Of_Level_3
Fair Value (Schedule Of Level 3 Assets) (Details) (Fair Value, Inputs, Level 3 [Member], USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Beginning balance | $1,900 | $13,600 | $13,800 | $25,900 |
Redemption of investments in ARS at par | ' | ' | -12,950 | -12,750 |
Reversals of unrealized losses due to redemptions | -970 | ' | -970 | ' |
Change in fair value of existing ARS | 200 | 100 | 280 | 550 |
Reclassified to Level 2 | -2,100 | ' | -2,100 | ' |
Ending Balance | ' | $13,700 | ' | $13,700 |
Cash_And_Cash_Equivalents_And_2
Cash And Cash Equivalents And Investments (Narrative) (Details) (USD $) | 0 Months Ended | 3 Months Ended | 6 Months Ended | |||||
In Thousands, unless otherwise specified | Oct. 21, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Oct. 28, 2013 | Dec. 21, 2012 |
Cash And Cash Equivalents And Investments [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized (loss) gain from short-term investments, categorized as trading | ' | $427 | ' | $291 | $408 | $194 | ' | ' |
Proceeds from Sale and Maturity of Short-Term Available-for-sale securities | ' | 13,818 | ' | 18,837 | 63,830 | 44,602 | ' | ' |
Available-for-sale Securities, Gross Realized Gain (Loss) | ' | 1 | ' | ' | 153 | ' | ' | ' |
ARS, estimated fair value | ' | 2,100 | 1,900 | ' | 2,100 | ' | ' | ' |
ARS redemption at par value | 2,100 | 0 | 12,950 | ' | 12,950 | ' | ' | ' |
Long Term Note Receivable | ' | 300 | ' | ' | 300 | ' | ' | 300 |
Annual interest rate | ' | 5.00% | ' | ' | 5.00% | ' | ' | ' |
Subsequent Event, Loan To Third Party, Amount | ' | ' | ' | ' | ' | ' | 200 | ' |
Investment To Be Made If Conversion Feature Fulfilled | ' | $1,500 | ' | ' | $1,500 | ' | ' | ' |
Cash_And_Cash_Equivalents_And_3
Cash And Cash Equivalents And Investments (Schedule Of Cash And Cash Equivalents) (Details) (USD $) | Sep. 28, 2013 | Mar. 30, 2013 | Sep. 29, 2012 | Mar. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Total cash and cash equivalents | $10,163 | $16,414 | $16,149 | $19,860 |
Cash [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Cash | 2,419 | 2,938 | ' | ' |
Money Market Funds [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Cash equivalents | $7,744 | $13,476 | ' | ' |
Cash_And_Cash_Equivalents_And_4
Cash And Cash Equivalents And Investments (Schedule Of Investments) (Details) (USD $) | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 |
In Thousands, unless otherwise specified | |||
Schedule of Investments [Line Items] | ' | ' | ' |
Unrealized Loss | ' | ($200) | ' |
Total short-term investments, Carrying Value | 146,571 | ' | 123,847 |
Auction Rate Securities [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Available-for sale securities, Amortized Cost | 2,100 | ' | ' |
Available-for-sale securities, Carrying Value | 2,100 | ' | ' |
Short-term Investments [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Total short-term investments, Amortized Cost | 146,557 | ' | 123,471 |
Unrealized Gain | 224 | ' | 406 |
Unrealized Loss | -210 | ' | -30 |
Total short-term investments, Carrying Value | 146,571 | ' | 123,847 |
Short-term Investments [Member] | Equity Mutual Funds Related To NQDCP [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Short-term investments, trading securities | 10,193 | ' | 9,673 |
Short-term Investments [Member] | Municipal Bonds [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Available-for sale securities, Amortized Cost | 91,926 | ' | 58,524 |
Unrealized Gain | 160 | ' | 156 |
Unrealized Loss | -143 | ' | -22 |
Available-for-sale securities, Carrying Value | 91,943 | ' | 58,658 |
Short-term Investments [Member] | Corporate Bonds [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Available-for sale securities, Amortized Cost | 33,474 | ' | 25,667 |
Unrealized Gain | 61 | ' | 161 |
Unrealized Loss | -67 | ' | -3 |
Available-for-sale securities, Carrying Value | 33,468 | ' | 25,825 |
Short-term Investments [Member] | Government Agency Bonds [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Available-for sale securities, Amortized Cost | ' | ' | 16,106 |
Unrealized Gain | ' | ' | 82 |
Unrealized Loss | ' | ' | -1 |
Available-for-sale securities, Carrying Value | ' | ' | 16,187 |
Short-term Investments [Member] | Certificates Of Deposits [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Available-for sale securities, Amortized Cost | 8,115 | ' | 7,758 |
Unrealized Gain | 3 | ' | 5 |
Unrealized Loss | ' | ' | -4 |
Available-for-sale securities, Carrying Value | 8,118 | ' | 7,759 |
Short-term Investments [Member] | Commercial Paper [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Available-for sale securities, Amortized Cost | 749 | ' | 5,743 |
Unrealized Gain | ' | ' | 2 |
Available-for-sale securities, Carrying Value | 749 | ' | 5,745 |
Long-term Investments [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Available-for sale securities, Amortized Cost | ' | ' | 15,050 |
Unrealized Loss | ' | ' | -1,250 |
Available-for-sale securities, Carrying Value | ' | ' | $13,800 |
Cash_And_Cash_Equivalents_And_5
Cash And Cash Equivalents And Investments (Schedule Of Investments By Contractual Maturity) (Details) (USD $) | Sep. 28, 2013 | Mar. 30, 2013 |
In Thousands, unless otherwise specified | ||
Available-for-sale securities: | ' | ' |
Total short-term investments | $146,571 | $123,847 |
Total long-term investments | ' | 13,800 |
Short-term Investments [Member] | ' | ' |
Trading securities: | ' | ' |
Due in one year or less | 10,193 | 9,673 |
Available-for-sale securities: | ' | ' |
Due in 12 months or less | 46,386 | 45,190 |
Due in 12 to 24 months | 54,110 | 23,019 |
Due in 24 to 36 months | 25,691 | 32,345 |
Due in 36 to 49 months | 10,191 | 13,620 |
Total short-term investments | 146,571 | 123,847 |
Long-term Investments [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Due after ten years | ' | $13,800 |
Inventories_Details
Inventories (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Mar. 30, 2013 |
Inventories [Abstract] | ' | ' | ' | ' | ' |
Raw materials | $379 | ' | $379 | ' | $470 |
Work-in-process | 8,498 | ' | 8,498 | ' | 7,310 |
Finished goods | 2,326 | ' | 2,326 | ' | 2,324 |
Finished goods at distributors and on consignment | 1,225 | ' | 1,225 | ' | 1,240 |
Total Inventories | 12,428 | ' | 12,428 | ' | 11,344 |
Provision for excess and obsolete inventories | 227 | 598 | 368 | 754 | ' |
Previously written down inventory sold | $574 | $419 | $1,063 | $764 | ' |
StockBased_Compensation_Narrat
Stock-Based Compensation (Narrative) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 0 Months Ended | 3 Months Ended | |||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Mar. 30, 2013 | Aug. 17, 2001 | Aug. 17, 2007 | Aug. 17, 2001 | Aug. 17, 2007 | Aug. 17, 2001 | Sep. 28, 2013 | Aug. 14, 2009 | Aug. 14, 2009 |
2001 Stock Option Plan [Member] | 2001 Stock Option Plan [Member] | 2001 Stock Option Plan [Member] | 2001 Stock Option Plan [Member] | 2001 Stock Option Plan [Member] | 2009 Equity Incentive Plan [Member] | 2009 Equity Incentive Plan [Member] | 2009 Equity Incentive Plan [Member] | ||||||
Expiration From Grant Date [Member] | Expiration From Grant Date [Member] | Expiration From Termination Of Service [Member] | Expiration From Termination Of Service [Member] | Maximum [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation | $705 | $769 | $1,348 | $1,514 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Options granted, estimated total grant date fair value | 1,843 | 238 | 4,041 | 238 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecorded stock-based compensation related to stock options | 5,572 | ' | 5,572 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized stock-based compensation amortization period | '2 years 2 months 12 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares reserved for issuance | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | 1,000,000 | 1,599,909 |
Options exercisable period | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' |
Expriation period | ' | ' | ' | ' | ' | ' | '10 years | '7 years | '30 days | '30 days | '10 years | ' | ' |
Vesting period | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | '5 years | ' | ' |
Number of shares available for grant | 485,551 | ' | 485,551 | ' | 797,151 | ' | ' | ' | ' | ' | ' | 159,509 | ' |
Prior forfeited shares available for grant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,440,400 | ' |
Percentage of options to vest on each of the first five anniversaries | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average fair value per share | $10.44 | ' | $10.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intrinsic value | 173 | ' | 186 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from stock options exercised | 815 | ' | 1,086 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intrinsic value of options outstanding | 5,352 | ' | 5,352 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intrinsic value of options exercisable | 1,936 | ' | 1,936 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of salary allowable to purchase shares for ESPP | 20.00% | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price percentage for ESPP | 95.00% | ' | 95.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares allowable for purchase during offering period of ESPP | 500 | ' | 500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from ESPP | ' | ' | $40 | $63 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
StockBased_Compensation_Schedu
Stock-Based Compensation (Schedule Of Stock Option Activity) (Details) (USD $) | 6 Months Ended |
Sep. 28, 2013 | |
Stock-Based Compensation [Abstract] | ' |
Balance, March 30, 2013, Available for Grant | 797,151 |
Granted | -403,540 |
Cancelled | 91,940 |
Balance, September 28, 2013, Available for Grant | 485,551 |
Balance, March 30, 2013, Options Outstanding | 1,532,640 |
Granted | 403,540 |
Exercised | -51,060 |
Cancelled | -91,940 |
Balance, September 28, 2013, Options Outstanding | 1,793,180 |
Balance, March 30, 2013, Options Outstanding, Weighted Average Exercise Price | $25.29 |
Granted | $22.55 |
Exercised | $21.27 |
Canceled | $33.35 |
Balance, September 28, 2013, Options Outstanding, Weighted Average Exercise Price | $24.37 |
Share_Compensation_Schedule_Of
Share Compensation (Schedule Of Options Outstanding And Exercisable) (Details) (USD $) | 3 Months Ended | |
Sep. 28, 2013 | Mar. 30, 2013 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' |
Range of Exercise Prices, Lower limit | $17.29 | ' |
Range of Exercise Prices, Upper limit | $46.92 | ' |
Options outstanding, number | 1,793,180 | 1,532,640 |
Options Outstanding, Weighted-Average Remaining Contractual Life (Years) | '6 years 8 months 19 days | ' |
Options Outstanding, Weighted-Average Exercise Price | $24.37 | $25.29 |
Options Exercisable, Number Outstanding | 930,800 | ' |
Options Exercisable, Weighted-Average Exercise Price | $27 | ' |
$17.29 - $19.99 [Member] | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' |
Range of Exercise Prices, Lower limit | $17.29 | ' |
Range of Exercise Prices, Upper limit | $19.99 | ' |
Options outstanding, number | 300,600 | ' |
Options Outstanding, Weighted-Average Remaining Contractual Life (Years) | '8 years 2 months 13 days | ' |
Options Outstanding, Weighted-Average Exercise Price | $18.88 | ' |
Options Exercisable, Number Outstanding | 66,560 | ' |
Options Exercisable, Weighted-Average Exercise Price | $18.77 | ' |
$20.00 - $24.99 [Member] | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' |
Range of Exercise Prices, Lower limit | $20 | ' |
Range of Exercise Prices, Upper limit | $24.99 | ' |
Options outstanding, number | 954,620 | ' |
Options Outstanding, Weighted-Average Remaining Contractual Life (Years) | '7 years 8 months 8 days | ' |
Options Outstanding, Weighted-Average Exercise Price | $21.92 | ' |
Options Exercisable, Number Outstanding | 356,752 | ' |
Options Exercisable, Weighted-Average Exercise Price | $21.30 | ' |
$25.00 - $29.99 [Member] | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' |
Range of Exercise Prices, Lower limit | $25 | ' |
Range of Exercise Prices, Upper limit | $29.99 | ' |
Options outstanding, number | 286,560 | ' |
Options Outstanding, Weighted-Average Remaining Contractual Life (Years) | '5 years 4 months 4 days | ' |
Options Outstanding, Weighted-Average Exercise Price | $26.95 | ' |
Options Exercisable, Number Outstanding | 256,088 | ' |
Options Exercisable, Weighted-Average Exercise Price | $26.94 | ' |
$30.00 - $34.99 [Member] | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' |
Range of Exercise Prices, Lower limit | $30 | ' |
Range of Exercise Prices, Upper limit | $34.99 | ' |
Options outstanding, number | 84,500 | ' |
Options Outstanding, Weighted-Average Remaining Contractual Life (Years) | '4 years 0 months 11 days | ' |
Options Outstanding, Weighted-Average Exercise Price | $33.93 | ' |
Options Exercisable, Number Outstanding | 84,500 | ' |
Options Exercisable, Weighted-Average Exercise Price | $33.93 | ' |
$35.00 - $39.99 [Member] | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' |
Range of Exercise Prices, Lower limit | $35 | ' |
Range of Exercise Prices, Upper limit | $39.99 | ' |
Options outstanding, number | 82,800 | ' |
Options Outstanding, Weighted-Average Remaining Contractual Life (Years) | '3 years 11 months 9 days | ' |
Options Outstanding, Weighted-Average Exercise Price | $35.86 | ' |
Options Exercisable, Number Outstanding | 82,800 | ' |
Options Exercisable, Weighted-Average Exercise Price | $35.86 | ' |
$40.00 - $44.99 [Member] | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' |
Range of Exercise Prices, Lower limit | $40 | ' |
Range of Exercise Prices, Upper limit | $44.99 | ' |
Options outstanding, number | 68,100 | ' |
Options Outstanding, Weighted-Average Remaining Contractual Life (Years) | '5 months 3 days | ' |
Options Outstanding, Weighted-Average Exercise Price | $41.05 | ' |
Options Exercisable, Number Outstanding | 68,100 | ' |
Options Exercisable, Weighted-Average Exercise Price | $41.05 | ' |
$45.00 - $46.92 [Member] | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' |
Range of Exercise Prices, Lower limit | $45 | ' |
Range of Exercise Prices, Upper limit | $46.92 | ' |
Options outstanding, number | 16,000 | ' |
Options Outstanding, Weighted-Average Remaining Contractual Life (Years) | '2 months 6 days | ' |
Options Outstanding, Weighted-Average Exercise Price | $46.92 | ' |
Options Exercisable, Number Outstanding | 16,000 | ' |
Options Exercisable, Weighted-Average Exercise Price | $46.92 | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Mar. 30, 2013 |
Income Taxes [Abstract] | ' | ' | ' | ' | ' |
(Benefit from) provision for income taxes | $943 | $269 | $629 | $498 | ' |
Income (loss) before provision for income | 3,676 | 959 | 6,248 | 1,785 | ' |
Effective income tax rate | 26.00% | 28.00% | 10.00% | 28.00% | ' |
Unrecognized Tax Benefits, Reductions Resulting from Lapse of Applicable Statute of Limitations | ' | ' | 949 | ' | ' |
Unrecognized tax benefits | 2,482 | ' | 2,482 | ' | 3,160 |
Unrecognized tax benefits that would affect income tax rate | 1,789 | ' | 1,789 | ' | ' |
Accrued income tax interest | 313 | ' | 313 | ' | ' |
Accrued income tax penalties | 164 | ' | 164 | ' | ' |
Income tax interest | ' | ' | -125 | ' | ' |
Income tax penalties | ' | ' | 6 | ' | ' |
Unrecognized tax benefits reasonably possible to expire in the next twelve months | $160 | ' | $160 | ' | ' |
Net_Income_Per_Share_Schedule_
Net Income Per Share (Schedule Of Earnings Per Share) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Net Income Per Share [Abstract] | ' | ' | ' | ' |
Net income | $2,733 | $690 | $5,619 | $1,287 |
Weighted average number of common shares outstanding - basic | 11,505,000 | 11,779,000 | 11,516,000 | 11,889,000 |
Basic earnings (loss) per common share | $0.24 | $0.06 | $0.49 | $0.11 |
Effect of dilutive securities: stock options and ESPP | 96,000 | 3,000 | 77,000 | 3,000 |
Weighted average number of common shares outstanding - diluted | 11,601,000 | 11,782,000 | 11,593,000 | 11,892,000 |
Net income per share, diluted | $0.24 | $0.06 | $0.48 | $0.11 |
Antidilutive securities excluded from computation of EPS | 916,687 | 1,650,407 | 1,058,161 | 1,653,266 |
Antidilutive securities excluded from computation of earnings per share average price per share | $27.94 | $26.48 | $27.23 | $26.53 |
Commitments_And_Contingencies_1
Commitments And Contingencies (Narrative) (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Mar. 30, 2013 |
Commitments And Contingencies [Abstract] | ' | ' | ' | ' | ' |
Product return period | '90 days | ' | '90 days | ' | ' |
Product warrany period | '90 days | ' | '90 days | ' | ' |
Warranty reserve | $52 | ' | $52 | ' | $54 |
Opretaing leases, rent expense | ' | 278 | ' | 561 | ' |
Operating Leases, Rent Expense, Net | $260 | ' | $517 | ' | ' |
Commitments_And_Contingencies_2
Commitments And Contingencies (Schedule Of Product Return Liability) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Commitments And Contingencies [Abstract] | ' | ' | ' | ' |
Balance at Beginning of Period | $262 | $339 | $230 | $213 |
Charge | 11 | 86 | 71 | 220 |
Deductions and Other | -43 | -211 | -71 | -219 |
Balance at End of Period | $230 | $214 | $230 | $214 |
Commitments_And_Contingencies_3
Commitments And Contingencies (Schedule Of Future Minimum Rental Payments Due By Fiscal Year For Operating Leases) (Details) (USD $) | Sep. 28, 2013 |
In Thousands, unless otherwise specified | |
Commitments And Contingencies [Abstract] | ' |
2014 (remaining 6 months) | $454 |
2015 | 882 |
2016 | 796 |
2017 | 55 |
Operating lease payments due, total | $2,187 |
Common_Stock_Repurchase_Narrat
Common Stock Repurchase (Narrative) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 26 Months Ended | 32 Months Ended | 261 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Mar. 30, 2013 | Sep. 28, 2013 | Sep. 28, 2013 | Jan. 21, 2011 |
Common Stock Repurchase [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Share repurchase authorized amount | ' | ' | ' | ' | $60,000 | ' | ' | ' |
Number of shares authorized to be repurchased | ' | ' | ' | ' | ' | ' | ' | 2,500,000 |
Number of shares repurchased | 147,000 | 396,000 | 163,000 | 402,000 | 1,672,000 | 1,835,000 | 4,179,000 | ' |
Cost of shares repurchased | $3,534 | $6,883 | $3,884 | $6,996 | $32,079 | $35,963 | $72,514 | ' |
Remaining authorized repurchase number of shares | 665,000 | ' | 665,000 | ' | ' | 665,000 | 665,000 | 556,000 |
Common_Stock_Repurchase_Schedu
Common Stock Repurchase (Schedule Of Stock Repurchase Activity) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 26 Months Ended | 32 Months Ended | 261 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Mar. 30, 2013 | Sep. 28, 2013 | Sep. 28, 2013 |
Common Stock Repurchase [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Number of shares repurchased | 147 | 396 | 163 | 402 | 1,672 | 1,835 | 4,179 |
Cost of shares repurchased | $3,534 | $6,883 | $3,884 | $6,996 | $32,079 | $35,963 | $72,514 |
Average price per share | $23.96 | $17.37 | $23.77 | $17.38 | ' | ' | ' |
Segment_Information_Schedule_O
Segment Information (Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
segment | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | $17,749 | $15,919 | $33,947 | $31,978 |
Number of Reportable Segments | 1 | ' | ' | ' |
Asia (Excluding China and Singapore) [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | 2,656 | 3,964 | 4,955 | 6,891 |
China [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | 5,186 | 4,815 | 10,189 | 8,653 |
United States [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | 5,367 | 4,170 | 10,322 | 9,549 |
Singapore [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | 2,759 | 1,291 | 4,916 | 3,303 |
Europe [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | 1,694 | 1,563 | 3,452 | 3,306 |
Other [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | $87 | $116 | $113 | $276 |
Segment_Information_Reconcilia
Segment Information (Reconciliation Of Property Plant And Equipment By Country) (Details) (USD $) | Sep. 28, 2013 | Mar. 30, 2013 |
In Thousands, unless otherwise specified | ||
Property, plant and equipment, net | $4,124 | $4,334 |
United States [Member] | ' | ' |
Property, plant and equipment, net | 3,349 | 3,483 |
Hong Kong [member] | ' | ' |
Property, plant and equipment, net | $775 | $851 |
Significant_Customers_Details
Significant Customers (Details) | 3 Months Ended | 6 Months Ended | ||
Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | |
Medical Equipment Company [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of revenue by major customers | 11.00% | 12.00% | 11.00% | 12.00% |
Distributor One [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of revenue by major customers | 12.00% | 12.00% | 11.00% | 12.00% |
Distributor Two [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of revenue by major customers | ' | 12.00% | ' | ' |