| Fiscal Year Ended | |||||||
| June 29, 2014 | June 30, 2013 | ||||||
| Cost of sales | $ | 5,242 | $ | 4,393 | |||
| Selling, general and administrative expense | 13,144 | 11,166 | |||||
| Research and development expense | 8,108 | 6,001 | |||||
| Total stock-based compensation expense | $ | 26,494 | $ | 21,560 | |||
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 | Fiscal Year Ended | |||||||||||||||||||
| June 29, 2014 | March 30, 2014 | June 30, 2013 | June 29, 2014 | June 30, 2013 | ||||||||||||||||
| GAAP Gross profit | $ | 105,798 | $ | 100,134 | $ | 83,067 | $ | 399,208 | $ | 257,105 | ||||||||||
| Adjustments to reconcile GAAP to Non-GAAP gross profit: | ||||||||||||||||||||
| Impairment of long-lived assets | — | — | — | — | 2,792 | |||||||||||||||
| Accelerated depreciation | 509 | 507 | 417 | 2,097 | 1,683 | |||||||||||||||
| Product litigation reserve release | — | (2,790 | ) | — | (2,790 | ) | — | |||||||||||||
| Non-GAAP gross profit | $ | 106,307 | $ | 97,851 | $ | 83,484 | $ | 398,515 | $ | 261,580 | ||||||||||
| Non-GAAP gross profit-percentage | 35.7 | % | 36.3 | % | 30.2 | % | 36.0 | % | 26.8 | % | ||||||||||
