| Reconciliation of Non-GAAP Operating Expenses | ||||||||||||
| Three-Month Period Ended | ||||||||||||
| June 28, 2024 | March 29, 2024 | June 30, 2023 | ||||||||||
| (Dollars in thousands) | ||||||||||||
| GAAP Operating Expenses | $ | 85,401 | $ | 107,351 | $ | 87,204 | ||||||
| Research and Development Expenses | ||||||||||||
| GAAP Research and Development Expenses | 45,204 | 45,839 | 42,975 | |||||||||
| Non-GAAP adjustments | ||||||||||||
| Transaction-related costs | 1,029 | 929 | 7 | |||||||||
| Restructuring costs | 169 | 621 | — | |||||||||
| Stock-based compensation | 3,735 | 3,554 | 2,868 | |||||||||
| Non-GAAP Research and Development Expenses | 40,271 | 40,735 | 40,100 | |||||||||
| Selling, General and Administrative Expenses | ||||||||||||
| GAAP Selling, General and Administrative Expenses | 40,197 | 48,294 | 44,229 | |||||||||
| Non-GAAP adjustments | ||||||||||||
| Transaction-related costs | 814 | 5,649 | 3,072 | |||||||||
| Purchased intangible amortization | 535 | 542 | 358 | |||||||||
| Restructuring costs | 1,045 | 1,819 | — | |||||||||
| Stock-based compensation | 5,822 | 5,330 | 5,568 | |||||||||
| Other costs (1) | 811 | 3,514 | — | |||||||||
| Non-GAAP Selling, General and Administrative Expenses | 31,170 | 31,440 | 35,231 | |||||||||
| Impairment of long-lived assets | — | 13,218 | — | |||||||||
| Total Non-GAAP Adjustments | 13,960 | 35,176 | 11,873 | |||||||||
| Non-GAAP Operating Expenses | $ | 71,441 | $ | 72,175 | $ | 75,331 | ||||||
| (1) Included in non-GAAP other costs are non-recurring charges that are individually immaterial for separate disclosure such as project evaluation costs, which consist of costs incurred in connection with debt and equity financings or other non-recurring transactions. | ||||||||||||
Allegro MicroSystems Reports First Quarter 2025 Results
 |  | More IC News
|
|
RELATED NEWS
Latest Blog Posts
Team ShareCG
by Team ShareCG
Change in payment schedule for Vendors !!!