2024 Q2 Form 10-Q Financial Statement
#000143774924013962 Filed on April 30, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q2 |
---|---|---|---|
Revenue | $124.1M | $140.8M | $184.3M |
YoY Change | -32.68% | 22.45% | |
Cost Of Revenue | $39.33M | $44.61M | $55.71M |
YoY Change | -29.41% | 11.98% | |
Gross Profit | $84.75M | $96.21M | $128.6M |
YoY Change | -34.1% | 27.62% | |
Gross Profit Margin | 68.31% | 68.32% | 69.77% |
Selling, General & Admin | $20.01M | $36.47M | $32.58M |
YoY Change | -38.59% | 13.23% | |
% of Gross Profit | 23.6% | 37.91% | 25.33% |
Research & Development | $38.73M | $40.33M | $35.99M |
YoY Change | 7.62% | 10.55% | |
% of Gross Profit | 45.7% | 41.91% | 27.99% |
Depreciation & Amortization | $9.256M | $9.129M | $8.090M |
YoY Change | 14.41% | 12.69% | |
% of Gross Profit | 10.92% | 9.49% | 6.29% |
Operating Expenses | $62.19M | $77.93M | $69.47M |
YoY Change | -10.48% | 10.26% | |
Operating Profit | $22.57M | $18.28M | $59.13M |
YoY Change | -61.84% | 56.59% | |
Interest Expense | $933.0K | $1.307M | $555.0K |
YoY Change | 68.11% | -21.61% | |
% of Operating Profit | 4.13% | 7.15% | 0.94% |
Other Income/Expense, Net | $254.0K | -$46.00K | -$95.00K |
YoY Change | -367.37% | 331.82% | |
Pretax Income | $23.75M | $17.84M | $58.48M |
YoY Change | -59.39% | 57.92% | |
Income Tax | $1.100M | $3.039M | $2.600M |
% Of Pretax Income | 4.63% | 17.04% | 4.45% |
Net Earnings | $22.63M | $14.80M | $55.92M |
YoY Change | -59.53% | 55.01% | |
Net Earnings / Revenue | 18.24% | 10.51% | 30.34% |
Basic Earnings Per Share | $0.16 | $0.11 | $0.41 |
Diluted Earnings Per Share | $0.16 | $0.11 | $0.40 |
COMMON SHARES | |||
Basic Shares Outstanding | 137.5M | 137.6M | 137.4M |
Diluted Shares Outstanding | 138.2M | 138.8M | 140.1M |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $109.2M | $107.5M | $112.1M |
YoY Change | -2.6% | -8.82% | |
Cash & Equivalents | $109.2M | $107.5M | $112.1M |
Short-Term Investments | |||
Other Short-Term Assets | $38.99M | $24.23M | $21.83M |
YoY Change | 78.63% | 31.67% | |
Inventory | $101.6M | $95.38M | $117.1M |
Prepaid Expenses | |||
Receivables | $103.4M | $113.7M | $90.82M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $353.2M | $340.7M | $348.9M |
YoY Change | 1.24% | 16.61% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $50.80M | $68.43M | $51.09M |
YoY Change | -0.56% | 28.92% | |
Goodwill | $315.4M | $315.4M | $315.4M |
YoY Change | 0.0% | 0.0% | |
Intangibles | $19.02M | $19.89M | $23.93M |
YoY Change | -20.53% | -15.59% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $14.49M | $71.19M | $12.32M |
YoY Change | 17.57% | -23.13% | |
Total Long-Term Assets | $474.3M | $474.9M | $418.7M |
YoY Change | 13.27% | -0.71% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $353.2M | $340.7M | $348.9M |
Total Long-Term Assets | $474.3M | $474.9M | $418.7M |
Total Assets | $827.5M | $815.6M | $767.6M |
YoY Change | 7.8% | 6.48% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $34.96M | $33.07M | $40.84M |
YoY Change | -14.41% | 6.11% | |
Accrued Expenses | $32.09M | $42.00M | $40.66M |
YoY Change | -21.08% | 50.25% | |
Deferred Revenue | $5.951M | $6.491M | $6.065M |
YoY Change | -1.88% | 27.95% | |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $80.28M | $81.56M | $97.16M |
YoY Change | -17.37% | -1.92% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $103.8M |
YoY Change | -100.0% | -23.92% | |
Other Long-Term Liabilities | $36.41M | $51.38M | $39.67M |
YoY Change | -8.2% | -13.98% | |
Total Long-Term Liabilities | $36.41M | $51.38M | $143.5M |
YoY Change | -74.62% | -21.41% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $80.28M | $81.56M | $97.16M |
Total Long-Term Liabilities | $36.41M | $51.38M | $143.5M |
Total Liabilities | $128.7M | $132.9M | $252.7M |
YoY Change | -49.07% | -15.6% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $185.4M | $162.8M | -$55.17M |
YoY Change | -436.04% | -78.27% | |
Common Stock | $1.378M | $1.375M | $1.376M |
YoY Change | 0.15% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $698.8M | $682.7M | $515.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $827.5M | $815.6M | $767.6M |
YoY Change | 7.8% | 6.48% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $22.63M | $14.80M | $55.92M |
YoY Change | -59.53% | 55.01% | |
Depreciation, Depletion And Amortization | $9.256M | $9.129M | $8.090M |
YoY Change | 14.41% | 12.69% | |
Cash From Operating Activities | $21.93M | $29.51M | $44.86M |
YoY Change | -51.12% | 3.84% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $7.155M | $3.426M | $8.414M |
YoY Change | -14.96% | 90.1% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.286M | -$4.321M | -$2.615M |
YoY Change | 25.66% | -3.29% | |
Cash From Investing Activities | -$10.44M | -$7.747M | -$11.03M |
YoY Change | -5.33% | 54.68% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $8.769M | ||
YoY Change | -39.1% | ||
Debt Paid & Issued, Net | $0.00 | $25.00M | |
YoY Change | 471.43% | ||
Cash From Financing Activities | -9.559M | -42.17M | -$67.56M |
YoY Change | -85.85% | 52.14% | |
NET CHANGE | |||
Cash From Operating Activities | 21.93M | 29.51M | $44.86M |
Cash From Investing Activities | -10.44M | -7.747M | -$11.03M |
Cash From Financing Activities | -9.559M | -42.17M | -$67.56M |
Net Change In Cash | 1.931M | -20.41M | -$33.59M |
YoY Change | -105.75% | 291.4% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $21.93M | $29.51M | $44.86M |
Capital Expenditures | $7.155M | $3.426M | $8.414M |
Free Cash Flow | $14.78M | $26.09M | $36.45M |
YoY Change | -59.46% | -6.01% |
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10739000 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
38577000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
40735000 | usd |
CY2024Q1 | us-gaap |
Liabilities
Liabilities
|
132937000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
148874000 | usd |
CY2024Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2024Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
1375000 | usd |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1373000 | usd |
CY2024Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
521904000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
545586000 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
162763000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
147967000 | usd |
CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-3380000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2906000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
682662000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
692020000 | usd |
CY2024Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
815599000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
840894000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14796000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
55923000 | usd |
CY2024Q1 | lscc |
Depreciation Depletion And Amortization Excluding Right Of Use Asset And Finance Costs
DepreciationDepletionAndAmortizationExcludingRightOfUseAssetAndFinanceCosts
|
9129000 | usd |
CY2023Q2 | lscc |
Depreciation Depletion And Amortization Excluding Right Of Use Asset And Finance Costs
DepreciationDepletionAndAmortizationExcludingRightOfUseAssetAndFinanceCosts
|
8090000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
18494000 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
14255000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
510000 | usd |
CY2023Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-388000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
1865000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
1657000 | usd |
CY2024Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-67000 | usd |
CY2023Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-45000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-5433000 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3196000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-3442000 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
6704000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3598000 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-368000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1418000 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1193000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-6657000 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-7498000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-10422000 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-21216000 | usd |
CY2024Q1 | lscc |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
-2130000 | usd |
CY2023Q2 | lscc |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
-1671000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
29511000 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
44864000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3426000 | usd |
CY2023Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
8414000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
4321000 | usd |
CY2023Q2 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
2615000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-7747000 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-11029000 | usd |
CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
22719000 | usd |
CY2023Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
33787000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
545000 | usd |
CY2023Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1235000 | usd |
CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
20000000 | usd |
CY2023Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
10004000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
-0 | usd |
CY2023Q2 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
25000000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-42174000 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-67556000 | usd |
CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-441000 | usd |
CY2023Q2 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
135000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-20851000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-33586000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
128317000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
145722000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
107466000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
112136000 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2023Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1849000 | usd |
CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1249000 | usd |
CY2023Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
413000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2099000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2000000 | usd |
CY2024Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
3361000 | usd |
CY2023Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
399000 | usd |
CY2024Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
4684000 | usd |
CY2023Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
40000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
692020000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14796000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-474000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
14322000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-22174000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
18494000 | usd |
CY2024Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
20000000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
682662000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
487163000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
55923000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
189000 | usd |
CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
56112000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-32552000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
14255000 | usd |
CY2023Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
10004000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
514974000 | usd |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family: Arial; font-size: 9pt; margin: 0pt; text-align: left;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes. We base our estimates and judgments on historical experience, knowledge of current conditions, and our beliefs of what could occur in the future considering available information. While we believe that our estimates, assumptions, and judgments are reasonable, they are based on information available when made, and because of the uncertainty inherent in these matters, the actual results that we experience <em style="font: inherit;"> may </em>differ materially from these estimates under different assumptions or conditions. We evaluate our estimates and judgments on an ongoing basis.</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;">We describe our accounting methods and practices in more detail in our <em style="font: inherit;">2023</em> <em style="font: inherit;">10</em>-K. There have been <em style="font: inherit;">no</em> changes to the significant accounting policies, procedures, or general information described in our <em style="font: inherit;">2023</em> <em style="font: inherit;">10</em>-K that have had a material impact on our consolidated financial statements and related notes. <span style="background-color:#ffffff;">Certain prior year balances have been reclassified to conform to the current year’s presentation.</span></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;"></p> | |
CY2024Q1 | 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;">2024</em> will be a <em style="font: inherit;">52</em>-week year and will end on <em style="font: inherit;"> December 28, 2024, </em>and our fiscal <em style="font: inherit;">2023</em> was a <em style="font: inherit;">52</em>-week year that ended <em style="font: inherit;"> December 30, 2023. </em>Our <em style="font: inherit;">first</em> quarter of fiscal <em style="font: inherit;">2024</em> and <em style="font: inherit;">first</em> quarter of fiscal <em style="font: inherit;">2023</em> ended on <em style="font: inherit;"> March 30, 2024 </em>and <em style="font: inherit;"> April 1, 2023</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> <p style="font-family: Arial; font-size: 9pt; margin: 0pt; text-align: left;"> </p> <p style="font-family:'Arial', Arial, serif;font-size:10pt;margin:0pt;text-align:left;"></p> | |
CY2024Q1 | 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 <span style="background-color:#ffffff;">87% and 88%</span> for the <em style="font: inherit;">first</em> quarters of fiscal <em style="font: inherit;">2024</em> and <em style="font: inherit;">2023</em>, respectively. Distributors also account for a substantial portion of our net accounts receivable. Our <span style="-sec-ix-hidden:c111489139"><span style="-sec-ix-hidden:c111489140">three</span></span> largest distributors accounte<span style="background-color:#ffffff;">d for 42</span><span style="background-color:#ffffff;">%, 30%, and 10</span><span style="background-color:#ffffff;">% of net accounts receivable at </span><em style="font: inherit;"> March 30, 2024</em><span style="background-color:#ffffff;"> and 36%, 29%, and 18%</span> of net accounts receivable at <em style="font: inherit;"> December 30, 2023</em>.</p> | |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14796000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
55923000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
137475000 | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
137418000 | |
CY2024Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1299000 | |
CY2023Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
2683000 | |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
138774000 | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
140101000 | |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.11 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.41 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.11 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.4 | |
CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
950000 | |
CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
141000 | |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
140815000 | usd |
CY2024Q1 | lscc |
Percentage Of Revenue
PercentageOfRevenue
|
1 | pure |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
184310000 | usd |
CY2023Q2 | lscc |
Percentage Of Revenue
PercentageOfRevenue
|
1 | pure |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
140815000 | usd |
CY2024Q1 | lscc |
Percentage Of Revenue
PercentageOfRevenue
|
1 | pure |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
184310000 | usd |
CY2023Q2 | lscc |
Percentage Of Revenue
PercentageOfRevenue
|
1 | pure |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
11194000 | usd |
CY2024Q1 | lscc |
Contract With Customer Asset Revenue Recorded During Period
ContractWithCustomerAssetRevenueRecordedDuringPeriod
|
3947000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
418000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
14723000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
5304000 | usd |
CY2024Q1 | lscc |
Contract With Customer Liability Accrued For Estimated Future Stock Rotation And Scrap Returns
ContractWithCustomerLiabilityAccruedForEstimatedFutureStockRotationAndScrapReturns
|
4551000 | usd |
CY2024Q1 | lscc |
Contract With Customer Liability Release Of Accruals For Recognized Stock Rotation And Scrap Returns
ContractWithCustomerLiabilityReleaseOfAccrualsForRecognizedStockRotationAndScrapReturns
|
3364000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
6491000 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
98940000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
104373000 | usd |
CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
-0 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
-0 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
98940000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
104373000 | usd |
CY2024Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
67605000 | usd |
CY2023Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
65396000 | usd |
CY2024Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
27779000 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
33430000 | usd |
CY2024Q1 | us-gaap |
Inventory Net
InventoryNet
|
95384000 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
98826000 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
51390000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
49546000 | usd |
CY2024Q1 | lscc |
Liability For Noncancelable Contracts Current
LiabilityForNoncancelableContractsCurrent
|
10520000 | usd |
CY2023Q4 | lscc |
Liability For Noncancelable Contracts Current
LiabilityForNoncancelableContractsCurrent
|
11418000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
6491000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
5304000 | usd |
CY2024Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
4809000 | usd |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
6758000 | usd |
CY2024Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
4164000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
6997000 | usd |
CY2024Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
32049000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
36048000 | usd |
CY2024Q1 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
0 | usd |
CY2023Q2 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
1785000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
67000 | usd |
CY2023Q2 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
67000 | usd |
CY2024Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
67000 | usd |
CY2023Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1852000 | usd |
CY2023Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
6618000 | usd |
CY2024Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1704000 | usd |
CY2024Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
3333000 | usd |
CY2024Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
4989000 | usd |
CY2022Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
6932000 | usd |
CY2023Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
30000 | usd |
CY2023Q2 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
472000 | usd |
CY2023Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
6490000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y7M6D | |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.06 | pure |
CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2100000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1900000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
144900000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
14487000 | usd |
CY2024Q1 | lscc |
Rightofuse Assets Obtained For New And Modified Lease Contracts During The Period
RightofuseAssetsObtainedForNewAndModifiedLeaseContractsDuringThePeriod
|
4684000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
1865000 | usd |
CY2024Q1 | lscc |
Operating Lease Rightofuse Asset Adjustments For Present Value And Foreign Currency Effects
OperatingLeaseRightofuseAssetAdjustmentsForPresentValueAndForeignCurrencyEffects
|
-267000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
17039000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
16310000 | usd |
CY2024Q1 | lscc |
Operating Lease Liability Additions
OperatingLeaseLiabilityAdditions
|
4684000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
268000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2099000 | usd |
CY2024Q1 | lscc |
Operating Lease Liabilities Adjustments For Present Value Foreign Currency And Restructuring Liability Effects
OperatingLeaseLiabilitiesAdjustmentsForPresentValueForeignCurrencyAndRestructuringLiabilityEffects
|
-299000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
18864000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
12799000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
5114000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
6098000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
4492000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2783000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2232000 | usd |
CY2024Q1 | lscc |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
447000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
21166000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
2302000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
18864000 | usd |
CY2024Q1 | lscc |
Operating Lease Liability For Previously Restructured Facilities
OperatingLeaseLiabilityForPreviouslyRestructuredFacilities
|
4100000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
146000000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1136000 | usd |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1140000 | usd |
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
18494000 | usd |
CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
14255000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3000000 | usd |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2600000 | usd |
CY2024Q1 | us-gaap |
Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
36000000 | usd |
CY2024Q1 | 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"></a>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 Proceedings</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 De Jaray, Perienne De Jaray and Darrell Oswald (collectively, the “Plaintiffs”) commenced an action against the Company 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 alleged the Company violated the Lanham Act, engaged in negligence, fraud, and breach of contract by failing to disclose to the Plaintiffs the export-controlled status of the subject parts. In <em style="font: inherit;"> January 2019, </em>we removed the action to the United States District Court for the District of Oregon (the “Court”). On <em style="font: inherit;"> May 24, 2023, </em>the Plaintiffs filed a <em style="font: inherit;">second</em> amended complaint, which added Apex-Micro Manufacturing Corporation (“Apex-Micro”) as a plaintiff and removed the violation of the Lanham Act claim. The Plaintiffs sought damages of $180 million, punitive damages, and other remedies. On <em style="font: inherit;"> January 18, 2024, </em>the court dismissed the claims against the Company by Ms. De Jaray and Mr. Oswald. The trial for the remaining claims was held from <em style="font: inherit;"> January 30, 2024 </em>to <em style="font: inherit;"> February 15, 2024. </em>On <em style="font: inherit;"> February 13, 2024, </em>the Court granted the Company’s Rule <em style="font: inherit;">50</em> motion in part and entered judgment in the Company’s favor as to all of Mr. De Jaray’s claims and Apex-Micro’s negligence claims. On <em style="font: inherit;"> February 15, 2024, </em>the jury found that the Company was <em style="font: inherit;">not</em> liable for all outstanding claims and judgment was entered in favor of the Company. On <em style="font: inherit;"> March 15, 2024, </em>Mr. De Jaray and Apex-Micro filed a Notice of Appeal to the United States Court of Appeals for the Ninth Circuit. On <em style="font: inherit;"> March 18, 2024, </em>Ms. De Jaray filed a separate Notice of Appeal . The plaintiffs’ appeal opening brief is currently due <em style="font: inherit;"> June 10, 2024. </em>The Company will file an appeal answering brief.</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> |