| Three Months Ended | |||||||||||
| December 29, 2013 | September 29, 2013 | December 23, 2012 | |||||||||
| Cost of sales | $ | 1,362 | $ | 1,248 | $ | 1,123 | |||||
| Selling, general and administrative expense | 3,123 | 3,527 | 2,858 | ||||||||
| Research and development expense | 2,142 | 2,087 | 1,397 | ||||||||
| Total stock-based compensation expense | $ | 6,627 | $ | 6,862 | $ | 5,378 | |||||
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INTERNATIONAL RECTIFIER CORPORATION AND SUBSIDIARIES |
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NON-GAAP RESULTS |
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(In thousands, except per share and gross profit-percentage data) |
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Reconciliation of GAAP to Non-GAAP Gross Profit: |
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| Three Months Ended | |||||||||||||||
| December 29, 2013 | September 29, 2013 | December 23, 2012 | |||||||||||||
| GAAP Gross profit | $ | 97,965 | $ | 95,311 | $ | 49,089 | |||||||||
| Adjustments to reconcile GAAP to Non-GAAP gross profit: | |||||||||||||||
| Accelerated depreciation | 639 | 427 | 551 | ||||||||||||
| Non-GAAP gross profit | $ | 98,604 | $ | 95,738 | $ | 49,640 | |||||||||
| Non-GAAP gross profit-percentage | 36.5 | % | 35.5 | % | 22.2 | % | |||||||||
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Reconciliation of GAAP to Non-GAAP Operating Income (Loss): |
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| Three Months Ended | |||||||||||||||
| December 29, 2013 | September 29, 2013 | December 23, 2012 | |||||||||||||
| GAAP Operating income (loss) | $ | 17,807 | $ | 16,356 | $ | (34,740 | ) | ||||||||
| Adjustments to reconcile GAAP to Non-GAAP operating income (loss): | |||||||||||||||
| Accelerated depreciation | 639 | 427 | 551 | ||||||||||||
| Amortization of acquisition-related intangible assets | 1,630 | 1,630 | 1,680 | ||||||||||||
| Asset impairment, restructuring and other charges | 1,015 | 1,402 | 4,941 | ||||||||||||
| Non-GAAP operating income (loss) | $ | 21,091 | $ | 19,815 | $ | (27,568 | ) | ||||||||
| 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 | ||||||||||||
| December 29, 2013 | September 29, 2013 | December 23, 2012 | ||||||||||
| GAAP Net income (loss) | $ | 17,921 | $ | 8,723 | $ | (32,722 | ) | |||||
| Adjustments to reconcile GAAP to Non-GAAP net income (loss): | ||||||||||||
| Accelerated depreciation | 639 | 427 | 551 | |||||||||
| Amortization of acquisition-related intangible assets | 1,630 | 1,630 | 1,680 | |||||||||
| Asset impairment, restructuring and other charges | 1,015 | 1,402 | 4,941 | |||||||||
| Tax expense of discrete items and other tax adjustments | (7,805 | ) | 2,962 | (4,739 | ) | |||||||
| Non-GAAP net income (loss) | $ | 13,400 | $ | 15,144 | $ | (30,289 | ) | |||||
| GAAP net income (loss) per common share — basic | $ | 0.25 | $ | 0.12 | $ | (0.47 | ) | |||||
| Non-GAAP adjustments per above | (0.06 | ) | 0.09 | 0.03 | ||||||||
| Non-GAAP net income (loss) per common share—basic | $ | 0.19 | $ | 0.21 | $ | (0.44 | ) | |||||
| GAAP net income (loss) per common share — diluted | $ | 0.25 | $ | 0.12 | $ | (0.47 | ) | |||||
| Non-GAAP adjustments per above | (0.06 | ) | 0.09 | 0.03 | ||||||||
| Non-GAAP net income (loss) per common share—diluted | $ | 0.19 | $ | 0.21 | $ | (0.44 | ) | |||||
| Average common shares outstanding—basic | 71,147 | 70,830 | 69,144 | |||||||||
| Average common shares and potentially dilutive securities outstanding—diluted | 72,163 | 71,664 | 69,144 | |||||||||
