CYPRESS SEMICONDUCTOR CORPORATION | ||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
ON A GAAP BASIS | ||||
(In thousands, except per-share data) | ||||
(Unaudited) | ||||
|
|
|
|
|
|
|
Three Months Ended | ||
|
|
April 3, |
|
January 3, |
|
|
2016 |
|
2016 |
Revenues |
|
$ 418,964 |
|
$ 450,128 |
Costs and expenses: |
|
|
|
|
Cost of revenues |
|
293,179 |
|
306,880 |
Research and development |
|
73,967 |
|
73,682 |
Selling, general and administrative |
|
74,501 |
|
85,385 |
Amortization of intangible assets |
|
35,187 |
|
33,960 |
Impairment of acquisition-related intangible assets |
|
33,944 |
|
— |
Restructuring costs |
|
270 |
|
1,406 |
Total costs and expenses |
|
511,048 |
|
501,313 |
Operating loss |
|
(92,084) |
|
(51,185) |
Interest and other expense, net |
|
(6,250) |
|
(3,556) |
Loss before income taxes and non-controlling interest |
|
(98,334) |
|
(54,741) |
Income tax provision |
|
(3,742) |
|
(15,726) |
Equity in net loss of equity method investee |
|
(2,078) |
|
(2,330) |
Net loss |
|
(104,154) |
|
(72,797) |
Net loss attributable to non-controlling interests |
|
132 |
|
467 |
Net loss attributable to Cypress |
|
$ (104,022) |
|
$ (72,330) |
Net loss per share attributable to Cypress: |
|
|
|
|
Basic |
|
$ (0.32) |
|
$ (0.22) |
Diluted |
|
$ (0.32) |
|
$ (0.22) |
Cash dividend declared per share |
|
$ 0.11 |
|
$ 0.11 |
Shares used in net loss per share calculation: |
|
|
|
|
Basic |
|
320,351 |
|
334,447 |
Diluted |
|
320,351 |
|
334,447 |