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CY » Topics » Prior to the Adoption of SFAS No. 123(R)

These excerpts taken from the CY 10-K filed Mar 3, 2008.

Prior to the Adoption of SFAS No. 123(R)

        Prior to the adoption of SFAS No. 123(R), the Company applied SFAS No. 123, "Accounting for Stock-Based Compensation," as amended by SFAS No. 148, "Accounting for Stock-Based Compensation—Transition and Disclosure," which allowed companies to apply the accounting rules under Accounting Principles Board No. 25, "Accounting for Stock Issued to Employees," and related interpretations. The following table illustrates the effect on net loss and net loss per share as if the

111

CYPRESS SEMICONDUCTOR CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 7. STOCK-BASED COMPENSATION (Continued)


Company had applied the fair value recognition provisions of SFAS No. 123 to stock-based compensation for fiscal 2005:

 
   Year Ended
January 1,
2006
  
 
   (In thousands, except
per-share amounts)

  
Net loss—as reported   $ (92,153 )
Add: Total stock-based compensation expense reported in net loss, net of related tax effects     5,581  
Deduct: Total stock-based compensation expense determined under fair value based method, net of tax effects     (55,056 )
   
 
Net loss—pro forma   $ (141,628 )
   
 

Net loss per share:
 
 
 
 
  Basic and diluted—as reported   $ (0.69 )
  Basic and diluted—pro forma   $ (1.06 )

Prior to the Adoption of SFAS No. 123(R)



        Prior to the adoption of SFAS No. 123(R), the Company applied SFAS No. 123, "Accounting for Stock-Based Compensation," as amended by SFAS
No. 148, "Accounting for Stock-Based Compensation—Transition and Disclosure," which allowed companies to apply the accounting rules under Accounting Principles Board No. 25,
"Accounting for Stock Issued to Employees," and related interpretations. The following table illustrates the effect on net loss and net loss per share as if the



111







CYPRESS SEMICONDUCTOR CORPORATION



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)




NOTE 7. STOCK-BASED COMPENSATION (Continued)






Company
had applied the fair value recognition provisions of SFAS No. 123 to stock-based compensation for fiscal 2005:
















































































 
 Year Ended

January 1,

2006
 
 
 (In thousands, except

per-share amounts)

 
Net loss—as reported $(92,153)
Add: Total stock-based compensation expense reported in net loss, net of related tax effects  5,581 
Deduct: Total stock-based compensation expense determined under fair value based method, net of tax effects  (55,056)
  
 
Net loss—pro forma $(141,628)
  
 


Net loss per share:
 
 

 
 
 Basic and diluted—as reported $(0.69)
 Basic and diluted—pro forma $(1.06)




This excerpt taken from the CY 10-K filed Mar 1, 2007.

Prior to the Adoption of SFAS No. 123(R)

Prior to the adoption of SFAS No. 123(R), the Company applied SFAS No. 123, as amended by SFAS No. 148, “Accounting for Stock-Based Compensation — Transition and Disclosure,” which allowed companies to apply the accounting rules under Accounting Principles Board (“APB”) No. 25, “Accounting for Stock Issued to Employees,” and related interpretations. The following table illustrates the effect on net income (loss) and net income (loss) per share as if the Company had applied the fair value recognition provisions of SFAS No. 123 to stock-based compensation:

 

     Year Ended
    

January 1,

              2006              

  

January 2,

              2005              

     (In thousands, except per-share amounts)

Net income (loss) - as reported

     $ (92,153)      $ 24,698   

Add: Total stock-based compensation expense reported in net income (loss), net of related tax effects

      5,581        2,294   

Deduct: Total stock-based compensation expense determined under fair value based method, net of tax effects

      (55,056)       (74,633)  
            

Net loss - pro forma

     $     (141,628)      $     (47,641)  
            

Net income (loss) per share:

     

Basic - as reported

     $ (0.69)      $ 0.20   

Diluted – as reported

     $ (0.69)      $ 0.17   

Basic – pro forma

     $ (1.06)      $ (0.38)  

Diluted - pro forma

     $ (1.06)      $ (0.38)  
This excerpt taken from the CY 10-Q filed Nov 13, 2006.

Prior to the Adoption of SFAS No. 123(R)

Prior to the adoption of SFAS No. 123(R), the Company applied SFAS No. 123, as amended by SFAS No. 148, “Accounting for Stock-Based Compensation — Transition and Disclosure,” which allowed companies to apply the accounting rules under APB No. 25, “Accounting for Stock Issued to Employees,” and related interpretations. The following table illustrates the effect on net loss after tax and net loss per share as if the Company had applied the fair value recognition provisions of SFAS No. 123 to stock-based compensation:

 

    

Three Months

Ended

    

Nine Months

Ended

  

(In thousands, except per-share amounts)

    October 2, 2005  

Net loss - as reported

    $ (5,946 )   $ (89,995 )

Add: Total stock-based compensation expense reported in net loss, net of related tax effects

      1,727       7,116  

Deduct: Total stock-based compensation expense determined under fair value based method, net of tax effects

      (15,164 )     (44,792 )
                

Net loss - pro forma

    $ (19,383 )   $ (127,671 )
                

Net loss per share:

     

Basic and diluted - as reported

    $ (0.04 )   $ (0.68 )

Basic and diluted - pro forma

    $ (0.14 )   $ (0.97 )
This excerpt taken from the CY 10-Q filed Aug 11, 2006.

Prior to the Adoption of SFAS No. 123(R)

Prior to the adoption of SFAS No. 123(R), the Company applied SFAS No. 123, as amended by SFAS No. 148, “Accounting for Stock-Based Compensation — Transition and Disclosure,” which allowed companies to apply the accounting rules under APB No. 25, “Accounting for Stock Issued to Employees,” and related interpretations. The following table illustrates the effect on net loss after tax and net loss per share as if the Company had applied the fair value recognition provisions of SFAS No. 123 to stock-based compensation:

 

    

Three Months

Ended

    

Six Months

Ended

  

(In thousands, except per-share amounts)

    July 3, 2005  

Net loss - as reported

    $ (15,254 )   $ (84,050 )

Add: Total stock-based compensation expense reported in net loss, net of related tax effects

      3,613       5,389  

Deduct: Total stock-based compensation expense determined under fair value based method, net of tax effects

      (19,072 )     (29,628 )
                

Net loss - pro forma

    $ (30,713 )   $ (108,289 )
                

Net loss per share:

     

Basic and diluted - as reported

    $ (0.12 )   $ (0.64 )

Basic and diluted - pro forma

    $ (0.23 )   $ (0.83 )

 

16

Table of Contents
This excerpt taken from the CY 10-Q filed May 12, 2006.

Prior to the Adoption of SFAS No. 123(R)

Prior to the adoption of SFAS No. 123(R), the Company, including both Cypress and SunPower, applied SFAS No. 123, as amended by SFAS No. 148, “Accounting for Stock-Based Compensation — Transition and Disclosure,” which allowed companies to apply the accounting rules under APB No. 25, “Accounting for Stock Issued to Employees,” and related interpretations. The following table illustrates the effect on net loss after tax and net loss per common share as if the Company had applied the fair value recognition provisions of SFAS No. 123 to stock-based compensation:

 

       Three Months  
Ended		  

(In thousands, except per-share amounts)

   

April 3,

2005

  

Net loss—as reported

    $ (68,796 )

Add: Total stock-based employee compensation expense reported in net loss, net of related tax effects

      1,776  

Deduct: Total stock-based employee compensation expense determined under fair value based method for all awards, net of related tax effects

      (10,556 )
        

Net loss—pro forma

    $ (77,576 )
        

 

16

       Three Months  
Ended		  
    

April 3,

2005

  

Net loss per share:

   

Basic—as reported

    $ (0.53 )

Diluted—as reported

    $ (0.53 )

Basic—pro forma

    $ (0.59 )

Diluted—pro forma

    $ (0.59 )

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 3, 2008
10-K
Mar 1, 2007
10-Q
Nov 13, 2006
10-Q
Aug 11, 2006
10-Q
May 12, 2006

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