| Lattice Semiconductor Corporation | ||||||||||||
| - Reconciliation of U.S. GAAP to Non-GAAP Financial Measures - | ||||||||||||
| (in thousands, except per share data) | ||||||||||||
| (unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
|
April 2,
2016 |
January 2,
2016 |
April 4,
2015 |
||||||||||
|
GAAP Loss before income taxes and equity in net loss of an
|
$ | (17,501 | ) | $ | (41,452 | ) | $ | (28,682 | ) | |||
| Fair value adjustment to deferred revenue from purchase accounting | — | 96 | 1,165 | |||||||||
| Inventory step-up expense | 523 | 716 | 3,041 | |||||||||
| Stock-based compensation - gross margin | 259 | 372 | 240 | |||||||||
| Amortization of acquired intangible assets | 8,721 | 8,756 | 2,942 | |||||||||
| Restructuring charges | 5,431 | 3,459 | 4,894 | |||||||||
| Acquisition related charges (1) | 94 | 372 | 18,198 | |||||||||
| Impairment of goodwill and intangible assets | — | 21,655 | — | |||||||||
| Stock-based compensation - operations | 4,297 | 4,416 | 3,144 | |||||||||
|
Non-GAAP Income (loss) before income taxes and equity in net
loss of
|
$ | 1,824 | $ | (1,610 | ) | $ | 4,942 | |||||
| GAAP Income tax expense | $ | 1,900 | $ | 3,510 | $ | 24,665 | ||||||
| Non-cash income tax expense | 596 | (574 | ) | (23,602 | ) | |||||||
| Non-GAAP Income tax expense | $ | 2,496 | $ | 2,936 | $ | 1,063 | ||||||
| GAAP Net Loss | $ | (19,711 | ) | $ | (45,454 | ) | $ | (53,347 | ) | |||
| Fair value adjustment to deferred revenue from purchase accounting | — | 96 | 1,165 | |||||||||
| Inventory step-up expense | 523 | 716 | 3,041 | |||||||||
| Stock-based compensation - gross margin | 259 | 372 | 240 | |||||||||
| Amortization of acquired intangible assets | 8,721 | 8,756 | 2,942 | |||||||||
| Restructuring charges | 5,431 | 3,459 | 4,894 | |||||||||
| Acquisition related charges (1) | 94 | 372 | 18,198 | |||||||||
| Impairment of goodwill and intangible assets | — | 21,655 | — | |||||||||
| Stock-based compensation - operations | 4,297 | 4,416 | 3,144 | |||||||||
| Non-cash income tax expense | (596 | ) | 574 | 23,602 | ||||||||
| Non-GAAP Net (loss) income | $ | (982 | ) | $ | (5,038 | ) | $ | 3,879 | ||||
|
Lattice Semiconductor Reports First Quarter 2016 Results
(1) Includes stock-based compensation and severance costs related to
change in control.
|
|
||||||
|
|
|||||||
|
|||||||
