| Three Months Ended | |||||||||
|
September 29,
2013 |
June 30,
2013 |
September 23,
2012 |
|||||||
| Cost of sales | $ | 1,248 | $ | 1,091 | $ | 1,159 | |||
| Selling, general and administrative expense | 3,527 | 2,455 | 3,160 | ||||||
| Research and development expense | 2,087 | 1,600 | 1,420 | ||||||
| Total stock-based compensation expense | $ | 6,862 | $ | 5,146 | $ | 5,739 | |||
| INTERNATIONAL RECTIFIER CORPORATION AND SUBSIDIARIES | ||||||||||||
| NON-GAAP RESULTS | ||||||||||||
| (In thousands, except per share and gross profit-percentage data) | ||||||||||||
| Reconciliation of GAAP to Non-GAAP Gross Profit: | ||||||||||||
| Three Months Ended | ||||||||||||
|
September 29, 2013 |
June 30, 2013 | September 23, 2012 | ||||||||||
| GAAP Gross profit | $ | 95,311 | $ | 83,067 | $ | 70,541 | ||||||
| Adjustments to reconcile GAAP to Non-GAAP gross profit: | ||||||||||||
| Accelerated depreciation | 427 | 417 | 491 | |||||||||
| Inventory write-downs related to fab closure | — | — | 398 | |||||||||
| Non-GAAP gross profit | $ | 95,738 | $ | 83,484 | $ | 71,430 | ||||||
| Non-GAAP gross profit-percentage | 35.5 | % | 30.2 | % | 28.3 | % | ||||||
|
Reconciliation of GAAP to Non-GAAP Operating Income (Loss): |
||||||||||
| Three Months Ended | ||||||||||
| September 29, 2013 | June 30, 2013 | September 23, 2012 | ||||||||
| GAAP Operating income (loss) | $ | 16,356 | $ | 237 | $ | (20,849 | ) | |||
| Adjustments to reconcile GAAP to Non-GAAP operating income (loss): | ||||||||||
| Accelerated depreciation | 427 | 417 | 491 | |||||||
| Inventory write-downs related to fab closure | — | — | 398 | |||||||
| Amortization of acquisition-related intangible assets | 1,630 | 1,630 | 1,680 | |||||||
| Asset impairment, restructuring and other charges | 1,402 | 2,209 | 8,966 | |||||||
| Non-GAAP operating income (loss) | $ | 19,815 | $ | 4,493 | $ | (9,314 | ) | |||
| INTERNATIONAL RECTIFIER CORPORATION AND SUBSIDIARIES | |||||||||||
| NON-GAAP RESULTS | |||||||||||
| (In thousands, except per share and gross profit-percentage data) | |||||||||||
| Reconciliation of GAAP to Non-GAAP Net Income (Loss): | |||||||||||
| Three Months Ended | |||||||||||
| September 29, 2013 |
June 30, 2013 |
September 23, 2012 | |||||||||
| GAAP Net Income (Loss) | $ | 8,723 | $ | (6,078 | ) | $ | (28,775 | ) | |||
| Adjustments to reconcile GAAP to Non-GAAP net income (loss): | |||||||||||
| Accelerated depreciation | 427 | 417 | 491 | ||||||||
| Amortization of acquisition-related intangible assets | 1,630 | 1,630 | 1,680 | ||||||||
| Asset impairment, restructuring and other charges | 1,402 | 2,209 | 8,966 | ||||||||
| Tax expense of discrete items and other tax adjustments | 2,962 | 664 | 3,300 | ||||||||
| Non-GAAP net income (loss) | $ | 15,144 | $ | (1,158 | ) | $ | (13,940 | ) | |||
| GAAP net income (loss) per common share – basic | $ | 0.12 | $ | (0.09 | ) | $ | (0.42 | ) | |||
| Non-GAAP adjustments per above | 0.09 | 0.07 | 0.22 | ||||||||
| Non-GAAP net income (loss) per common share—basic | $ | 0.21 | $ | (0.02 | ) | $ | (0.20 | ) | |||
| GAAP net income (loss) per common share – diluted | $ | 0.12 | $ | (0.09 | ) | $ | (0.42 | ) | |||
| Non-GAAP adjustments per above | 0.09 | 0.07 | 0.22 | ||||||||
| Non-GAAP net income (loss) per common share—diluted | $ | 0.21 | $ | (0.02 | ) | $ | (0.20 | ) | |||
| Average common shares outstanding—basic | 70,830 | 69,785 | 69,283 | ||||||||
| Average common shares and potentially dilutive securities outstanding—diluted | 71,664 | 69,785 | 69,283 | ||||||||
