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ATMEL CORPORATION | |||||
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||
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(In thousands, except for per share data) | |||||
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(Unaudited) | |||||
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Three Months Ended | ||||
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March 31, |
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December 31, |
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March 31, |
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2015 |
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2014 |
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2014 |
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Net revenue |
$ 318,288 |
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$ 345,954 |
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$ 337,361 |
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Operating expenses |
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Cost of revenue |
170,991 |
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205,395 |
|
197,371 |
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Research and development |
59,129 |
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64,817 |
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69,752 |
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Selling, general and administrative |
62,073 |
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67,845 |
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64,079 |
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Acquisition-related charges |
4,403 |
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3,480 |
|
1,628 |
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Restructuring charges (credits) |
1,147 |
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14,849 |
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(224) |
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Recovery of receivables from foundry suppliers |
- |
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(485) |
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- |
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Gain on sale of assets |
- |
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(4,364) |
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- |
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Total operating expenses |
297,743 |
|
351,537 |
|
332,606 |
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Income (loss) from operations |
20,545 |
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(5,583) |
|
4,755 |
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Interest and other income, net |
3,700 |
|
3,851 |
|
77 |
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Income (loss) before income taxes |
24,245 |
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(1,732) |
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4,832 |
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Provision for income taxes |
(7,699) |
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(1,712) |
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(2,666) |
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Net income (loss) |
16,546 |
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(3,444) |
|
2,166 |
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Less: net income attributable to noncontrolling interest |
(51) |
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(3,013) |
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- |
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Net income (loss) attributable to Atmel Corporation |
$ 16,495 |
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$ (6,457) |
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$ 2,166 |
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Basic net income (loss) per share attributable to Atmel Corporation: |
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Net income (loss) per share |
$ 0.04 |
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$ (0.02) |
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$ 0.01 |
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Weighted-average shares used in basic net income (loss) per share calculations |
417,038 |
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417,797 |
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425,390 |
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Diluted net income (loss) per share attributable to Atmel Corporation: |
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Net income (loss) per share |
$ 0.04 |
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$ (0.02) |
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$ 0.01 |
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Weighted-average shares used in diluted net income (loss) per share calculations |
418,462 |
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417,797 |
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427,276 |
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Cash dividends declared and paid per share |
$ 0.04 |
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$ - |
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$ - |
