| Supplemental Financial Information | Note 4. Supplemental
Financial Information (in thousands)
Consolidated Balance Sheets
April 30, 2016 January 30, 2016
Inventories:
Work-in-process $ 128,183 $ 131,471
Finished goods 68,556 78,546
Total
inventories $ 196,739 $ 210,017
April 30, 2016 January 30, 2016
Property and equipment,
net:
Machinery and
equipment $ 580,885 $ 578,627
Buildings 144,320 144,320
Computer
software 99,272 102,928
Land 53,373 53,373
Building
improvements 49,927 49,927
Leasehold
improvements 50,838 50,192
Furniture and
fixtures 25,658 27,119
Construction in
progress 653 1,353
1,004,926 1,007,839
Less: Accumulated
depreciation and amortization (721,342 ) (708,299 )
Total property and
equipment, net $ 283,584 $ 299,540
April 30, 2016 January 30, 2016
Other non-current
assets:
Technology and other
licenses $ 46,078 $ 48,770
Deferred tax
assets 36,981 34,505
Investments in
privately-held companies 5,804 5,804
Prepaid land use
rights 13,045 13,123
Deposits 51,566 51,512
Other 16,304 10,996
Total other non-current
assets $ 169,778 $ 164,710
April 30, 2016 January 30, 2016
Accrued
liabilities:
Accrued rebates $ 20,346 $ 41,320
Accrued
royalties 15,823 16,217
Technology license
obligations 19,580 17,985
Accrued legal
expense 8,218 9,761
Accrued
litigation 3,350 3,830
Other 40,414 42,947
Total accrued
liabilities $ 107,731 $ 132,060
April 30, 2016 January 30, 2016
Deferred
income:
Net deferred
revenue $ 76,412 $ 77,935
Deferred cost of goods
sold (21,924 ) (22,213 )
Deferred income $ 54,488 $ 55,722
April 30, 2016 January 30, 2016
Other non-current
liabilities:
Technology license
obligations $ 8,508 $ 12,461
Long-term accrued employee
compensation 6,350 6,078
Other 7,700 8,424
Other non-current
liabilities $ 22,558 $ 26,963
Accumulated
other comprehensive income (loss)
The changes in
accumulated other comprehensive income (loss) by components are
presented in the following tables (in thousands):
Unrealized Gain (Loss)
on Marketable Securities Unrealized Gain (Loss)
on Auction
Rate Securities Unrealized Gain (Loss) on
Cash Flow
Hedges Total
Balance at January 30,
2016 $ (656 ) $ — $ (139 ) $ (795 )
Other comprehensive income
before reclassifications 2,317 — 527 2,844
Amounts reclassified from
accumulated other comprehensive loss 116 — 57 173
Other comprehensive
income 2,433 — 584 3,017
Balance at April 30,
2016 $ 1,777 $ — $ 445 $ 2,222
Unrealized Gain (Loss)
on Marketable Securities Unrealized Gain (Loss)
on Auction
Rate Securities Unrealized Gain (Loss) on
Cash Flow
Hedges Total
Balance at January 31,
2015 $ 3,768 $ (2,274 ) $ (1,186 ) $ 308
Other comprehensive income
before reclassifications (1,528 ) (115 ) 803 (840 )
Amounts reclassified from
accumulated other comprehensive income (loss) (332 ) — 944 612
Other comprehensive income
(loss) (1,860 ) (115 ) 1,747 (228 )
Balance at May 2,
2015 $ 1,908 $ (2,389 ) $ 561 $ 80
The amounts
reclassified from accumulated other comprehensive income (loss) by
components are presented in the following table (in
thousands):
Three Months Ended
Affected
Line Item in the April 30, 2016 May 2, 2015
Interest and other income,
net:
Available-for-sale
securities:
Marketable
securities $ (116 ) $ 332
Cash flow
hedges:
Research and
development (51 ) (864 )
Selling and
marketing (1 ) (67 )
General and
administrative (5 ) (13 )
Total $ (173 ) $ (612 )
Consolidated Statement of Operations
Three Months Ended
April 30, 2016 May 2, 2015
Interest and other
income, net:
Interest income $ 3,442 $ 4,077
Net realized gain on
investments 164 336
Foreign currency exchange
gain (loss) (1,941 ) 407
Other income
(loss) (59 ) 567
Interest expense (118 ) (220 )
$ 1,488 $ 5,167
Net income
(loss) per share
The Company
reports both basic net income (loss) per share, which is based on
the weighted average number of common shares outstanding during the
period, and diluted net income (loss) per share, which is based on
the weighted average number of common shares outstanding and
potentially dilutive shares outstanding during the period. The
computations of basic and diluted net income (loss) per share are
presented in the following table (in thousands, except per share
amounts):
Three Months
Ended
April 30, 2016 May 2, 2015
Numerator:
Net income
(loss) $ (22,679 ) $ 14,090
Denominator:
Weighted average shares
— basic 508,794 516,228
Effect of dilutive
securities:
Share-based
awards — 10,939
Weighted average
shares — diluted 508,794 527,167
Net income (loss) per
share:
Basic $ (0.04 ) $ 0.03
Diluted $ (0.04 ) $ 0.03
Potential
dilutive securities include dilutive common shares from share-based
awards attributable to the assumed exercise of stock options,
restricted stock units and employee stock purchase plan shares
using the treasury stock method. Under the treasury stock method,
potential common shares outstanding are not included in the
computation of diluted net income per share, if their effect is
anti-dilutive.
Anti-dilutive
potential shares are presented in the following table (in
thousands):
Three Months Ended
April 30, 2016 May 2, 2015
Weighted average shares
outstanding:
Share-based
awards 42,955 58,387
Anti-dilutive
potential shares from share-based awards are excluded from the
calculation of diluted earnings per share for all periods reported
above because either their exercise price exceeded the average
market price during the period or the share-based awards were
determined to be anti-dilutive based on applying the treasury stock
method. Anti-dilutive potential shares from share-based awards are
also excluded from the calculation of diluted earnings per share
for the three months ended April 30, 2016 due to the reported net
loss. |
