INTEGRATED DEVICE TECHNOLOGY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except per share data)

Three Months Ended

Six Months Ended

Sep. 30, 2018

Jul. 1, 2018

Oct. 1, 2017

Sep. 30, 2018

Oct. 1, 2017

Revenues

$      235,484

$  228,516

$   204,398

$      464,000

$   401,111

Cost of revenues

91,900

91,909

87,636

183,809

174,311

Gross profit 

143,584

136,607

116,762

280,191

226,800

Operating expenses:

  Research and development

55,509

52,234

48,742

107,743

97,191

  Selling, general and administrative

46,753

42,995

44,485

89,748

86,427

Total operating expenses

102,262

95,229

93,227

197,491

183,618

Operating income

41,322

41,378

23,535

82,700

43,182

Other-than-temporary impairment loss on investment

-

(2,000)

-

(2,000)

-

Interest and other expense, net

(4,608)

(5,514)

(4,886)

(10,122)

(8,801)

Income before income taxes

36,714

33,864

18,649

70,578

34,381

Benefit from (provision for) income taxes

(1,214)

(3,144)

31

(4,358)

1,013

Net income

$       35,500

$    30,720

$     18,680

$       66,220

$     35,394

Basic net income per share

$           0.27

$        0.24

$        0.14

$           0.51

$         0.27

Diluted net income per share

$           0.26

$        0.23

$        0.14

$           0.49

$         0.26

Weighted average shares:

Basic 

129,155

129,560

133,269

129,357

133,286

Diluted

134,755

132,806

136,059

133,957

136,434