RF MICRO DEVICES, INC. AND SUBSIDIARIES
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|
Three Months Ended |
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|
June 29, 2013 |
|
|
March 30, 2013 |
|
|
June 30, 2012 |
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GAAP gross margin |
$ |
93,469 |
|
31.9 |
% |
|
$ |
88,216 |
|
31.4 |
% |
|
$ |
64,254 |
|
31.7 |
% |
Adjustment for intangible amortization |
6,030 |
|
2.1 |
% |
|
6,302 |
|
2.2 |
% |
|
3,502 |
|
1.7 |
% | |||
Adjustment for share-based compensation |
1,242 |
|
0.4 |
% |
|
1,127 |
|
0.4 |
% |
|
915 |
|
0.5 |
% | |||
Acquired inventory step-up and revaluation |
— |
|
— |
% |
|
582 |
|
0.2 |
% |
|
— |
|
— |
% | |||
Disposal costs associated with the phase
|
1,974 |
|
0.7 |
% |
|
423 |
|
0.2 |
% |
|
— |
|
— |
% | |||
Other expenses |
— |
|
— |
% |
|
— |
|
— |
% |
|
422 |
|
0.2 |
% | |||
Non-GAAP gross margin |
$ |
102,715 |
|
35.1 |
% |
|
$ |
96,650 |
|
34.4 |
% |
|
$ |
69,093 |
|
34.1 |
% |
|
Three Months Ended | |
Non-GAAP Operating Income |
June 29, 2013 | |
(as a percentage of sales) |
| |
|
| |
GAAP operating income |
1.1 |
% |
Share-based compensation expense |
3.2 |
|
Amortization of intangible assets |
2.5 |
|
Restructuring and disposal costs associated with the phase out of manufacturing in the
|
1.6 |
|
Certain consulting costs |
0.8 |
|
IPR litigation costs |
0.3 |
|
Other expenses (restructuring, acquisition-related costs, (gain) loss on PP&E, start-up
|
0.1 |
|
Non-GAAP operating income |
9.6 |
% |