2021 Q2 Form 10-Q Financial Statement

#000143774921011112 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q1
Revenue $115.7M $97.32M
YoY Change 15.04% -0.79%
Cost Of Revenue $45.13M $39.75M
YoY Change 12.79% -1.69%
Gross Profit $70.59M $57.56M
YoY Change 16.52% -0.16%
Gross Profit Margin 61.0% 59.15%
Selling, General & Admin $25.09M $22.55M
YoY Change 2.47% 8.52%
% of Gross Profit 35.55% 39.18%
Research & Development $24.07M $21.69M
YoY Change 7.16% 10.31%
% of Gross Profit 34.09% 37.69%
Depreciation & Amortization $5.900M $7.800M
YoY Change 3.51% -7.18%
% of Gross Profit 8.36% 13.55%
Operating Expenses $49.94M $47.82M
YoY Change 3.83% 5.86%
Operating Profit $20.65M $9.738M
YoY Change 65.43% -21.95%
Interest Expense $718.0K $1.077M
YoY Change -31.29% -78.4%
% of Operating Profit 3.48% 11.06%
Other Income/Expense, Net -$162.0K -$50.00K
YoY Change -537.84% -132.68%
Pretax Income $19.77M $8.611M
YoY Change 72.29% 12.68%
Income Tax $956.0K $400.0K
% Of Pretax Income 4.84% 4.65%
Net Earnings $18.81M $8.167M
YoY Change 77.0% 10.25%
Net Earnings / Revenue 16.26% 8.39%
Basic Earnings Per Share $0.14 $0.06
Diluted Earnings Per Share $0.13 $0.06
COMMON SHARES
Basic Shares Outstanding 136.4M 134.3M
Diluted Shares Outstanding 141.7M 138.0M

Balance Sheet

Concept 2021 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $185.3M $176.6M
YoY Change 12.17% 35.44%
Cash & Equivalents $185.3M $176.6M
Short-Term Investments
Other Short-Term Assets $15.20M $19.10M
YoY Change -18.28% -34.14%
Inventory $59.46M $48.93M
Prepaid Expenses
Receivables $71.09M $68.64M
Other Receivables $0.00 $0.00
Total Short-Term Assets $336.9M $318.7M
YoY Change 1.78% 13.1%
LONG-TERM ASSETS
Property, Plant & Equipment $38.14M $39.93M
YoY Change -5.28% 8.64%
Goodwill $267.5M $267.5M
YoY Change 0.0% 0.0%
Intangibles $7.294M $4.323M
YoY Change 96.76% -74.85%
Long-Term Investments
YoY Change
Other Assets $9.181M $11.07M
YoY Change -14.67% -17.52%
Total Long-Term Assets $350.7M $345.5M
YoY Change 1.64% -4.8%
TOTAL ASSETS
Total Short-Term Assets $336.9M $318.7M
Total Long-Term Assets $350.7M $345.5M
Total Assets $687.6M $664.2M
YoY Change 1.71% 3.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.38M $44.40M
YoY Change -43.89% 32.93%
Accrued Expenses $24.56M $24.90M
YoY Change -35.03% -0.8%
Deferred Revenue $4.913M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $17.14M $21.48M
YoY Change 328.17% 175.58%
Total Short-Term Liabilities $80.68M $93.73M
YoY Change -10.87% 33.54%
LONG-TERM LIABILITIES
Long-Term Debt $153.6M $170.8M
YoY Change -7.72% -24.32%
Other Long-Term Liabilities $38.14M $36.56M
YoY Change 8.8% -13.67%
Total Long-Term Liabilities $191.8M $207.3M
YoY Change -4.85% -22.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.68M $93.73M
Total Long-Term Liabilities $191.8M $207.3M
Total Liabilities $296.0M $321.2M
YoY Change -5.1% -11.64%
SHAREHOLDERS EQUITY
Retained Earnings -$367.1M -$425.1M
YoY Change -11.44% -9.43%
Common Stock $1.364M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $391.6M $343.0M
YoY Change
Total Liabilities & Shareholders Equity $687.6M $664.2M
YoY Change 1.71% 3.02%

Cashflow Statement

Concept 2021 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $18.81M $8.167M
YoY Change 77.0% 10.25%
Depreciation, Depletion And Amortization $5.900M $7.800M
YoY Change 3.51% -7.18%
Cash From Operating Activities $29.37M $21.10M
YoY Change 85.89% -3.01%
INVESTING ACTIVITIES
Capital Expenditures $1.270M $3.867M
YoY Change -143.79% 25.8%
Acquisitions
YoY Change
Other Investing Activities -$3.100M -$2.800M
YoY Change 72.22% -261.01%
Cash From Investing Activities -$4.326M -$6.642M
YoY Change -11.71% -237.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.89M -$2.370M
YoY Change -119.77%
Debt Paid & Issued, Net $0.00 $4.375M
YoY Change -83.72%
Cash From Financing Activities -$21.87M $44.14M
YoY Change -2.79% -388.37%
NET CHANGE
Cash From Operating Activities $29.37M $21.10M
Cash From Investing Activities -$4.326M -$6.642M
Cash From Financing Activities -$21.87M $44.14M
Net Change In Cash $2.936M $58.49M
YoY Change -125.31% 417.94%
FREE CASH FLOW
Cash From Operating Activities $29.37M $21.10M
Capital Expenditures $1.270M $3.867M
Free Cash Flow $28.10M $17.24M
YoY Change 50.27% -7.75%

Facts In Submission

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58491000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
182332000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
118081000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
185268000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
176572000 USD
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
592000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
1113000 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1731000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1934000 USD
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
675000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
852000 USD
CY2021Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1120000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
753000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7440000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
49000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
384427000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
18813000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-237000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18576000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-6870000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10454000 USD
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
15002000 USD
CY2021Q2 lscc Stock Issued During Period Value Treasury Stock Retired
StockIssuedDuringPeriodValueTreasuryStockRetired
0 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
391585000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
327659000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
8167000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-111000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8056000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1484000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
342959000 USD
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
350000
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1056000
CY2021Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
598000 USD
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2021Q2 us-gaap Fiscal Period
FiscalPeriod
<p style="font-family: Arial; font-size: 10pt; margin: 0pt; text-align: left;"><b>Fiscal Reporting Periods</b></p> <p style="font-family:'Arial', Arial, serif;font-size:10pt;margin:0pt;text-align:left;"> </p> <p style="font-family: Arial; font-size: 9pt; margin: 0pt; text-align: left;">We report based on a <em style="font: inherit;">52</em> or <em style="font: inherit;">53</em>-week fiscal year ending on the Saturday closest to <em style="font: inherit;"> December 31. </em>Our fiscal <em style="font: inherit;">2021</em> will be a <em style="font: inherit;">52</em>-week year and will end on <em style="font: inherit;"> January 1, 2022, </em>and our fiscal <em style="font: inherit;">2020</em> was a <em style="font: inherit;">53</em>-week year that ended <em style="font: inherit;"> January 2, 2021. </em>Our <em style="font: inherit;">first</em> quarter of fiscal <em style="font: inherit;">2021</em> and <em style="font: inherit;">first</em> quarter of fiscal <em style="font: inherit;">2020</em> ended on <em style="font: inherit;"> April 3, 2021 </em>and <em style="font: inherit;"> March 28, 2020</em>, respectively. All references to quarterly financial results are references to the results for the relevant <em style="font: inherit;">13</em>-week fiscal period.</p>
CY2021Q2 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Arial', Arial, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Concentrations of Risk</b></p> <p style="font-family:'Arial', Arial, serif;font-size:10pt;margin:0pt;text-align:left;"> </p> <p style="font-family: Arial; font-size: 9pt; margin: 0pt; text-align: left;">Potential exposure to concentrations of risk <em style="font: inherit;"> may </em>impact revenue and accounts receivable. Distributors have historically accounted for a significant portion of our total revenue. Revenue attributable to distributors as a percentage of total revenue was 85% and 78% for the <em style="font: inherit;">first</em> quarter of fiscal <em style="font: inherit;">2021</em> and <em style="font: inherit;">2020</em>, respectively. Distributors also account for a substantial portion of our net accounts receivable. Our two largest distributors accounte<span style="background-color:#ffffff;">d for 43% and 37% of net accou</span>nts receivable at <em style="font: inherit;"> April 3, 2021</em> and 47% and 45% of net accounts receivable at <em style="font: inherit;"> January 2, 2020</em>.</p>
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
18813000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
8167000 USD
CY2021Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
136401000
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
134253000
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5273000
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3791000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141674000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138044000
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
115716000 USD
CY2021Q2 lscc Percentage Of Revenue
PercentageOfRevenue
1 pure
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
97316000 USD
CY2020Q1 lscc Percentage Of Revenue
PercentageOfRevenue
1 pure
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
115716000 USD
CY2021Q2 lscc Percentage Of Revenue
PercentageOfRevenue
1 pure
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
97316000 USD
CY2020Q1 lscc Percentage Of Revenue
PercentageOfRevenue
1 pure
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
115716000 USD
CY2021Q2 lscc Percentage Of Revenue
PercentageOfRevenue
1 pure
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
97316000 USD
CY2020Q1 lscc Percentage Of Revenue
PercentageOfRevenue
1 pure
CY2021Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
5611000 USD
CY2021Q2 lscc Contract With Customer Asset Revenue Recorded During Period
ContractWithCustomerAssetRevenueRecordedDuringPeriod
3855000 USD
CY2021Q2 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
3586000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
5880000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3068000 USD
CY2021Q2 lscc Contract With Customer Liability Accrued For Estimated Future Stock Rotation And Scrap Returns
ContractWithCustomerLiabilityAccruedForEstimatedFutureStockRotationAndScrapReturns
1845000 USD
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4913000 USD
CY2021Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
71144000 USD
CY2021Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
64635000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
54000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
54000 USD
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
71090000 USD
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
64581000 USD
CY2021Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
30981000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
34724000 USD
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
28475000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
29875000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
59456000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
64599000 USD
CY2021Q2 lscc Liability For Noncancelable Contracts Current
LiabilityForNoncancelableContractsCurrent
8398000 USD
CY2021Q1 lscc Liability For Noncancelable Contracts Current
LiabilityForNoncancelableContractsCurrent
8492000 USD
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4913000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3068000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5664000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5702000 USD
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
24559000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
21411000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38143000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39666000 USD
CY2021Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2831000 USD
CY2021Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
236000 USD
CY2021Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
173000 USD
CY2021Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2894000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
171875000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
171875000 USD
CY2021Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1087000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1179000 USD
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
17144000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
12762000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
153644000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
157934000 USD
CY2020Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1086000 USD
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
92000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
103000 USD
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
690000 USD
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
1189000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
13125000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
17500000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
17500000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
123750000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
171875000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053 pure
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2000000.0 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1900000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22178000 USD
CY2021Q2 lscc Rightofuse Assets Obtained For New And Modified Lease Contracts During The Period
RightofuseAssetsObtainedForNewAndModifiedLeaseContractsDuringThePeriod
7440000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1628000 USD
CY2021Q2 lscc Operating Lease Rightofuse Asset Adjustments For Present Value And Foreign Currency Effects
OperatingLeaseRightofuseAssetAdjustmentsForPresentValueAndForeignCurrencyEffects
16000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28006000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
23055000 USD
CY2021Q2 lscc Operating Lease Liability Additions
OperatingLeaseLiabilityAdditions
7440000 USD
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
349000 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1731000 USD
CY2021Q2 lscc Operating Lease Liabilities Adjustments For Present Value Foreign Currency And Restructuring Liability Effects
OperatingLeaseLiabilitiesAdjustmentsForPresentValueForeignCurrencyAndRestructuringLiabilityEffects
10000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
29123000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23539000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4783000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7104000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7173000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5882000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3669000 USD
CY2021Q2 lscc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
4611000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
33222000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4099000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
29123000 USD
CY2021Q2 lscc Operating Lease Liability For Previously Restructured Facilities
OperatingLeaseLiabilityForPreviouslyRestructuredFacilities
8000000.0 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
132800000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
132000000.0 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
801000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2654000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10454000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8728000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000.0 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 USD
CY2021Q2 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font-family: Arial; font-size: 11pt; margin: 0pt; text-align: left;"><b><a href="#" id="note12" title="note12"/>Note <em style="font: inherit;">12</em> - Contingencies</b></p> <p style="font-family:'Arial', Arial, serif;font-size:10pt;margin:0pt;text-align:left;"> </p> <p style="font-family: Arial; font-size: 10pt; margin: 0pt; text-align: left;"><b>Legal Matters</b></p> <p style="font-family:'Arial', Arial, serif;font-size:10pt;margin:0pt;text-align:left;"> </p> <p style="font-family: Arial; font-size: 9pt; margin: 0pt; text-align: left;">On or about <em style="font: inherit;"> December 19, 2018, </em>Steven A.W. De Jaray, Perienne De Jaray and Darrell R. Oswald (collectively, the “Plaintiffs”) commenced an action against the Company and several unnamed defendants in the Multnomah County Circuit Court of the State of Oregon, in connection with the sale of certain products by the Company to the Plaintiffs in or around <em style="font: inherit;">2008.</em> The Plaintiffs allege that we violated The Lanham Act, engaged in negligence and fraud by failing to disclose to the Plaintiffs the export-controlled status of the subject parts. The Plaintiffs seek damages of $138 million, treble damages, and other remedies. In <em style="font: inherit;"> January 2019, </em>we removed the action to the United States District Court for the District of Oregon. At this stage of the proceedings, we do <em style="font: inherit;">not</em> have an estimate of the likelihood or the amount of any potential exposure to the Company; however, we believe that these claims are without merit and intend to vigorously defend the action.</p> <p style="font-family: Arial; font-size: 9pt; margin: 0pt; text-align: left;"> </p> <p style="font-family: Arial; font-size: 9pt; margin: 0pt; text-align: left;">From time to time, we are exposed to certain additional asserted and unasserted potential claims. We review the status of each significant matter and assess its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and a range of possible losses can be estimated, we then accrue a liability for the estimated loss. Legal proceedings are subject to uncertainties, and the outcomes are difficult to predict. Because of such uncertainties, accruals are based only on the best information available at the time. As additional information becomes available, we reassess the potential liability related to pending claims and litigation and <em style="font: inherit;"> may </em>revise estimates.</p> <p style="font-family:'Arial', Arial, serif;font-size:10pt;margin:0pt;text-align:left;"> </p>
CY2021Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
138000000 USD

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