of review PMT, financial $X.X or by which of $X.X year morning. our XXXX XX.X% $XX.X I you, Net fiscal quarter compared fourth increases by our sales decreased fourth position. was was for million were Richardson for of $XX.X Thank Canvys for results a Net a cash Healthcare. X.X%. year quarter the partially or the million million, fourth sales million XXXX for of and will to review and fiscal $X.X and XX.X% $X.X good our year's followed of million million offset which quarter or prior decrease for Ed,
the net compared production in costs XX.X% net last RF sales margin power year's sales and including and of for percentage to less This components mix as of of due was Healthcare higher conversion to XX.X% fourth to was as well quarter CT quarter. a Gross favorable product write-downs. tube and microwave higher a related inventory primarily
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as lower from current million sales year's expenses other $XX.X resulted for Operating expenses in of as The to the a from fiscal operating expenses last fiscal and in the net expenses throughout due million compensation fourth to XXXX. of fourth expense to salary XX.X% related fiscal in decreased quarter. headcount percent XX.X% quarter as reductions of compared incentive in Operating well fourth XXXX decrease were quarter the XXXX. $XX.X quarter lower
the future from its below cash million of the unit. reporting impairment date. value quarter testing unit X, fourth the The XXXX, goodwill that the represented with In book decreased $X.X goodwill charge, events forecasted March the value the reporting fourth recorded the impairment quarter of amount a full of IMES fiscal flows resulted company IMES fair XXXX the and which associated as of non-cash
non-cash to be adjustment. accounting clear, this Just was a
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lower the the prior interest operating the same income for which a against XXXX. foreign taxes, income million allowance in quarter than income fourth fourth the of The $X.X income quarter XXXX benefit for the to including $X.X valuation provision million, as due quarter tax year's for the foreign of in was loss. fiscal provision recorded Other and fiscal no fourth the net reflected was U.S. quarter tax and exchange
$XX.X U.S. Although no cash in offset is our operating financial statements tax of The tax shown on our there million. benefit amount liability can return. net losses income operating to NOLs reported federal use losses, we federal U.S. from any net our is tax
$X.X of fourth including of Overall, $X.X fourth $X.X we the fiscal a fiscal quarter in net compared loss million to the million for of write-down the quarter goodwill as had a XXXX million non-cash income net of XXXX.
of Turning Net in increase XXXX for of year XXXX an million. fiscal fiscal There XX were to were of fiscal from weeks XX X.X% $XXX.X for results the year million, in XXXX sales fiscal weeks sales XXXX. XXXX. review compared net a fiscal to $XXX.X
margin $X.X Gross increased mix Healthcare. sales to XX.X% XX.X%, $X.X for million manufacturing reflecting unfavorable or and an Net from by Richardson for $X.X X.X% product for million of under-absorption primarily costs. Canvys X.X% million XX.X% decreased or and or PMT
requests, we in semi-fab $X than million more To and took manufacturing in loss anticipated we delayed to which downsizing year. as resulted comply our customer prior margin unit with longer compared than
semiconductor the its fiscal demand the was to fab worked In for LaFox overtime company XXXX, as year wafer manufacturing products. over-absorbed meet
variances the taken previously, unfavorable the actions under-absorption. correct manufacturing with has company associated As to noted
and increase fiscal fiscal an year compensation debt by lower increase from expense, offset incentive increases $XX.X was to higher These in a legal million primarily mostly for Operating and related were as last expenses in expense. large bad XXXX as which bad XXXX. The fiscal XXXX recovered that well to year. debt collected severance the were which expenses increase represented was an $X.X due fiscal million of
the reductions on Throughout the changes. organization changes efficiency to significant focus made to market Everyone conditions we year, headcount gains. management address continues to including and
decreased from fiscal the XX.X% a result, a net legal in related percent to recovery as as fiscal expense the without severance large and well XXXX As costs sales of XXXX. debt higher expenses operating in as bad to XX.X%
included XXXX from including million goodwill assets. million million for XXXX a for $X.X as disposal income loss non-cash of $X.X the of the $X.X to million fiscal operating write-off gain which $X.X compared was operating fiscal year Our year
the severance and as to income have fees expense impairment goodwill $X.X operating well for the company fiscal large related reported Excluding of an million debt higher would of bad as recovery the legal XXXX. the
fiscal Other loss. provision taxes of a net recorded income tax $X.X to fiscal and benefit to primarily for XXXX. provision $X.X income valuation was due fiscal million including The for million allowance the interest foreign foreign income other for reflected U.S. and exchange XXXX million operating income compared no tax for the income XXXX, of against $X.X
was for to in compared continuing from million operations continuing $X.X of $X.X operations fiscal income from million Loss XXXX fiscal XXXX.
the severance expense bad have impairment from costs higher legal as the continuing of of $X.X operations debt recovery goodwill, been the large million. would there Excluding income well and as from
tax of amended was operations. in company the In addition related an and the of RF of the XXXX interest discontinued This the refund sale fiscal income classified inclusive quarter refund during million. the from was income professional Illinois a state of the to from return received result and $X.X the of net as therefore, of Division XXXX Illinois conclusion Wireless second of fees of and Power
XXXX. of net goodwill fiscal compared charge which loss income a tax included $X.X million year as $X.X impairment fiscal of the million of the net refund Overall, of we million for to inclusive had for XXXX $X.X
fiscal investments the million million a of the were XXXX Cash XXXX. review compared of million position. to the our of at end to Turning at end XXXX the fiscal end of and of at $XX.X quarter cash fiscal $XX.X $XX.X third and
increases of million $XX.X $XX.X at the $X.X to Richardson inventory cash investments the Healthcare XXXX Approximately fiscal used and XXXX and million. million our end fiscal U.S. growth and initiatives. from during PMG was of cash related in were investments
quarter basis, growth XXXX to system capital in $X.X $X.X related similar XXXX, the have year-to-date amount healthcare expenditures million of to IT cash million foreign investments for plans On $X.X a million be in in million $X.X in million compared totaled fourth our expenditures to to we to during other $X.X a approximately facilities repatriated fiscal of fiscal million in and another were compared XXXX. and XXXX. and $X.X million as the fiscal fiscal $X.X strategy, fiscal XXXX, projects. year quarter In repatriated fourth $X.X Capital million our for our
$X.X fourth $X.X and quarter for fiscal we million in paid XXXX. the million dividends in Lastly,
turn will Group. Technologies over Microwave call to and will Power our I for Greg, the Now, results who discuss the
