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Financial Contact: |
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Press Contact: |
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Krishna Shankar |
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Krista Pavlakos |
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Head of Investor Relations |
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IDT Director, Communications |
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Phone: (408) 574-6995 |
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Phone: (408) 574-6640 |
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E-mail: krishna.shankar@idt.com |
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E-mail: krista.pavlakos@idt.com |
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INTEGRATED DEVICE TECHNOLOGY, INC. | ||||||||||
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||
|
(Unaudited) | ||||||||||
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(In thousands, except per share data) | ||||||||||
|
|
|
Three Months Ended |
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Twelve Months Ended | ||||||
|
|
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Apr. 1, 2018 |
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Dec. 31, 2017 |
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Apr. 2, 2017 |
|
Apr. 1, 2018 |
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Apr. 2, 2017 |
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Revenues |
|
$ 224,578 |
|
$ 217,075 |
|
$ 175,698 |
|
$ 842,764 |
|
$ 728,243 |
|
Cost of revenues |
|
97,478 |
|
88,690 |
|
74,026 |
|
360,479 |
|
307,605 |
|
Gross profit |
|
127,100 |
|
128,385 |
|
101,672 |
|
482,285 |
|
420,638 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
55,694 |
|
49,836 |
|
35,533 |
|
202,721 |
|
165,104 |
|
Selling, general and administrative |
|
41,532 |
|
40,689 |
|
36,225 |
|
168,648 |
|
145,193 |
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Total operating expenses |
|
97,226 |
|
90,525 |
|
71,758 |
|
371,369 |
|
310,297 |
|
|
|
|
|
|
|
|
|
|
|
|
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Operating income |
|
29,874 |
|
37,860 |
|
29,914 |
|
110,916 |
|
110,341 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and other expense, net |
|
(4,875) |
|
(5,068) |
|
(2,153) |
|
(18,744) |
|
(11,056) |
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Income from continuing operations before income taxes |
|
24,999 |
|
32,792 |
|
27,761 |
|
92,172 |
|
99,285 |
|
Benefit from (provision for) income taxes |
|
(4,288) |
|
(101,033) |
|
2,448 |
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(104,308) |
|
9,899 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) from continuing operations |
|
20,711 |
|
(68,241) |
|
30,209 |
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(12,136) |
|
109,184 |
|
|
|
|
|
|
|
|
|
|
|
|
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Discontinued operations: |
|
|
|
|
|
|
|
|
|
|
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Gain from divestiture |
|
- |
|
- |
|
- |
|
- |
|
1,385 |
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Provision for income taxes |
|
- |
|
- |
|
- |
|
- |
|
87 |
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Net income from discontinued operations |
|
- |
|
- |
|
- |
|
- |
|
1,298 |
|
|
|
|
|
|
|
|
|
|
|
|
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Net income (loss) |
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$ 20,711 |
|
$ (68,241) |
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$ 30,209 |
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$ (12,136) |
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$ 110,482 |
|
|
|
|
|
|
|
|
|
|
|
|
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Basic net income (loss) per share - continuing operations |
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$ 0.16 |
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$ (0.51) |
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$ 0.23 |
|
$ (0.09) |
|
$ 0.82 |
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Basic net income per share - discontinued operations |
|
- |
|
- |
|
- |
|
- |
|
0.01 |
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Basic net income (loss) per share |
|
$ 0.16 |
|
$ (0.51) |
|
$ 0.23 |
|
$ (0.09) |
|
$ 0.83 |
|
|
|
|
|
|
|
|
|
|
|
|
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Diluted net income (loss) per share - continuing operations |
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$ 0.15 |
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$ (0.51) |
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$ 0.22 |
|
$ (0.09) |
|
$ 0.79 |
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Diluted net income per share - discontinued operations |
|
- |
|
- |
|
- |
|
- |
|
0.01 |
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Diluted net income (loss) per share |
|
$ 0.15 |
|
$ (0.51) |
|
$ 0.22 |
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$ (0.09) |
|
$ 0.80 |
|
|
|
|
|
|
|
|
|
|
|
|
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Weighted average shares: |
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|
|
|
|
|
|
|
|
|
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Basic |
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131,341 |
|
132,689 |
|
133,309 |
|
132,651 |
|
133,817 |
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Diluted |
|
135,016 |
|
132,689 |
|
136,903 |
|
132,651 |
|
137,440 |
