Atmel Corporation
Reconciliation of GAAP Net (Loss) Income to Non-GAAP Net (Loss) Income
(In thousands, except per share data)
(Unaudited)
Three Months Ended Six Months Ended
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June 30, March 31, June 30, June 30, June 30,
2009 2009 2008 2009 2008
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GAAP net (loss)
income $(12,407) 3,626 (4,907) $(8,781) $1,881
Special items:
Stock-based
Compensation expense 6,412 5,382 6,353 11,794 12,660
Acquisition-related
charges 3,642 5,499 6,709 9,141 10,420
Charges for grant
repayments 249 765 292 1,014 173
Restructuring
charges 2,470 2,352 8,676 4,822 36,584
(Gain) loss on sale
of assets - (164) 810 (164) (29,948)
Distributor bad debt
recovery (1,200) (2,000) - (3,200) -
Unsolicited M&A
expense - 4,934 - 4,934 -
Income tax effect of
non-GAAP items 221 (322) (658) (101) (1,158)
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Total special items 11,794 16,446 22,182 28,240 28,731
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Non-GAAP net (loss)
income $(613) $20,072 $17,275 $19,459 $30,612
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Diluted non-GAAP net
(loss) income per
share:
Net (loss) income $(0.00) $0.04 $0.04 $0.04 $0.07
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Non-GAAP
weighted-average
shares used in
diluted non-GAAP
net (loss) income
per share
calculations 450,891 467,126 459,109 467,851 456,714
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Reconciliation of
GAAP to non-GAAP
shares used in
diluted net (loss)
income per share
calculations: Three Months Ended Six Months Ended
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June 30, March 31, June 30, June 30, June 30,
2009 2009 2008 2009 2008
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Diluted weighted-
average shares
used in per share
calculations
- GAAP 450,891 456,431 445,793 450,291 450,337
Adjusted dilutive
stock awards for
non-GAAP - 10,695 13,316 17,560 6,377
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Diluted weighted-
average shares used
in per share
calculations
- non-GAAP 450,891 467,126 459,109 467,851 456,714
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