Microsemi Reports Second Quarter 2013 Results

Additional details reconciling the selected GAAP financial measure to the selected non-GAAP financial measure may be found in the "Schedule Reconciling Selected Non-GAAP Financial Measures to Comparable GAAP Financial Measures" and "Notes on Non-GAAP Financial Measures".

 


MICROSEMI CORPORATION

Schedule Reconciling Selected Non-GAAP Financial Measures

to Comparable GAAP Financial Measures

(unaudited, in millions, except for per share amounts)

























Quarter Ended


Six Months Ended



Mar 31,
2013


Dec 30,
2012


Apr 1,
2012


Mar 31,
2013


Apr 1,
2012

GAAP gross profit


$

133.5



$

142.6



$

131.9



$

276.1



$

257.6


Manufacturing profit in acquired inventory (1)






2.0





8.1


Thailand flood-related charges (3)






3.2





3.2


Non-GAAP gross profit


$

133.5



$

142.6



$

137.1



$

276.1



$

268.9













GAAP operating income


$

11.8



$

25.5



$

11.1



$

37.3



$

10.4


Adjustments to GAAP gross profit






5.2





11.3


Restructuring and other special charges (2)


6.9



1.4



1.6



8.3



9.5


Amortization of intangible assets (3)


21.1



21.7



26.6



42.8



51.3


Stock based compensation (4)


10.2



8.1



10.0



18.3



17.6


Acquisition costs (5)






0.4





6.6


Non-GAAP operating income


$

50.0



$

56.7



$

54.9



$

106.7



$

106.7













GAAP net income (loss)


$

(2.9)



$

14.2



$

(4.8)



$

11.3



$

(49.5)


Adjustments to GAAP gross profit and operating income


38.2



31.2



43.8



69.4



96.3


Loss from facility closure and asset disposal (2)


0.2







0.2



1.6


Thailand flood-related charges (2)






(0.3)





1.5


Credit facility issuance and refinancing costs (6)


3.3



0.3



1.5



3.6



35.6


(Gain) in debt and derivative instruments (7)


(0.3)



(0.3)



(0.1)



(0.6)



(5.1)


Income tax effect on non-GAAP adjustments (8)


0.4



(0.4)



0.2





(6.5)


Non-GAAP net income


$

38.9



$

45.0



$

40.3



$

83.9



$

73.9













GAAP diluted earnings (loss) per share


$

(0.03)



$

0.16



$

(0.06)



$

0.12



$

(0.58)


Effect of non-GAAP adjustments on diluted earnings per share


$

0.46



$

0.34



$

0.52



$

0.81



$

1.43


Non-GAAP diluted earnings per share


$

0.43



$

0.50



$

0.46



$

0.93



$

0.85













Weighted average diluted shares used in calculating non-GAAP diluted earnings per share


91.1



90.1



87.5



90.5



86.7



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Blockchain For The Manufacturing Supply Chain
Jobs
System Designer/Engineer for Bluewater at Southfield, MI
Mechanical Design Engineer 3 for KLA-Tencor at Milpitas, CA
Sr Mechanical Design Engineer for Medtronic at mounds view, MN
Geospatial Analyst - Senior for BAE Systems Intelligence & Security at Springfield, VA
Senior Mechanical Engineer for BAE Systems Intelligence & Security at Arlington, VA
Avionics System Engineer for BAE Systems Intelligence & Security at Arlington, VA
Upcoming Events
Formlabs LA 3D Printing Roadshow at Munky King Lost Angeles CA - Feb 8 - 9, 2018
ESPRIT World 2018 at Indianapolis Marriott Downtown 350 West Maryland Street Indianapolis IN - Jun 11 - 15, 2018
HxGN LIVE 2018 at The Venetian Las Vegas NV - Jun 12 - 15, 2018
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
Tebis
SolidCAM: SolidCAM SEE IT LIVE



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise