Intersil Corporation | ||||||
Non-GAAP Results | ||||||
Unaudited | ||||||
(In thousands, except per share amounts) | ||||||
|
|
|
|
|
|
|
|
Quarter Ended |
| ||||
|
Sep. 30 |
|
Jul. 1 |
|
Oct. 2 |
|
|
2016 |
|
2016 |
|
2015 |
|
|
Q3 2016 |
|
Q2 2016 |
|
Q3 2015 |
|
|
|
|
|
|
|
|
Non-GAAP net income: |
|
|
|
|
|
|
GAAP net income |
$ 15,883 |
|
$ 1,389 |
|
$ 16,984 |
|
Restructuring and related costs |
14 |
|
13,508 |
|
- |
|
Equity-based compensation |
5,563 |
|
8,122 |
|
5,565 |
|
Amortization of purchased intangibles |
2,669 |
|
2,867 |
|
3,777 |
|
Provision for the TAOS litigation |
- |
|
1,255 |
|
- |
|
Merger related expenses |
4,639 |
|
- |
|
- |
|
Gain on recovery from auction rate securities |
(135) |
|
(70) |
|
(460) |
|
Tax impact of non-cash and discrete items |
2,683 |
|
(3,469) |
|
(5,049) |
|
Non-GAAP net income |
$ 31,316 |
|
$ 23,602 |
|
$ 20,817 |
|
|
|
|
|
|
|
|
GAAP weighted average shares - diluted |
138,760 |
|
137,332 |
|
132,445 |
|
Non-GAAP adjustment |
2,583 |
|
3,014 |
|
5,273 |
|
Non-GAAP weighted average shares - diluted |
141,343 |
|
140,346 |
|
137,718 |
|
|
|
|
|
|
|
|
Non-GAAP earnings per diluted share: |
|
|
|
|
|
|
GAAP earnings per diluted share |
$ 0.11 |
|
$ 0.01 |
|
$ 0.13 |
|
Excluded items per share impact |
0.11 |
|
0.16 |
|
0.02 |
|
Non-GAAP earnings per diluted share |
$ 0.22 |
|
$ 0.17 |
|
$ 0.15 |
|
|
|
|
|
|
|
|
Equity-based compensation expense by classification: |
|
|
|
|
| |
Cost of revenue ("COS") |
$ 207 |
|
$ 284 |
|
$ 304 |
|
Research and development |
$ 2,779 |
|
$ 3,834 |
|
$ 2,390 |
|
Selling, general and administrative |
$ 2,577 |
|
$ 4,004 |
|
$ 2,871 |
|
Intersil Corporation Reports Strong Quarterly Results
![]() ![]() |
|
RELATED NEWS
Latest Blog Posts
Team ShareCG
by Team ShareCG
Change in payment schedule for Vendors !!!