PWAV » Topics » Note 6. Other Income, Net

This excerpt taken from the PWAV 10-K filed Feb 28, 2008.

Other Income, net

The following table presents a breakdown of other income, net:

 

     Fiscal Years Ended
(in thousands)
 
     December 31,
2006
    January 1,
2006
 

Interest income

   $ 7,301     1.0 %   $ 7,609     1.0 %

Interest expense

     (7,931 )   (1.1 )%     (7,718 )   (1.0 )%

Foreign currency gain, net

     205     —   %     1,361     0.2 %

Other income

     3,333     0.5 %     1,049     0.1 %
                            

Other income, net

   $ 2,908     0.4 %   $ 2,301     0.3 %
                            

Interest income decreased by $0.3 million during fiscal 2006 primarily due to reduction of cash balances in relation to the completion of the Filtronic Wireless Acquisition in the fourth quarter of 2006 which included the payment of $185 million of cash. This was somewhat offset by higher interest rates during 2006 as compared to 2005. Interest expense increased by $0.2 million of additional interest expense accrued during fiscal 2006 associated with our subordinated convertible notes. We also recognized a net foreign currency gain of $0.2 million for fiscal 2006 due to the weaker U.S. dollar versus most major currencies. Other income, net consists of rental income and other miscellaneous income and expenses. For fiscal 2005, there were non-recurring expenses of approximately $2.2 million.

This excerpt taken from the PWAV 10-Q filed Nov 9, 2007.

Note 6. Other Income, Net

Other income, net, includes gains and losses on foreign currency transactions, interest income and interest expense associated with our subordinated convertible notes and fees on our revolving credit agreement. The components of other income, net, are as follows:

 

     Three Months Ended     Nine months Ended  
    

September 30,

2007

    October 1,
2006
    September 30,
2007
   

October 1,

2006

 

Interest income

   $ 455     $ 1,988     $ 931     $ 6,273  

Interest expense

     (2,349 )     (2,020 )     (6,823 )     (6,002 )

Foreign currency gain (loss), net

     (1,843 )     2,695       (99 )     2,961  

Other income, net

     1,458       299       2,507       1,193  
                                

Total

   $ (2,279 )   $ 2,962     $ (3,484 )   $ 4,425  
                                

 

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This excerpt taken from the PWAV 10-Q filed Aug 10, 2007.

Note 6. Other Income, Net

Other income, net, includes gains and losses on foreign currency transactions, interest income and interest expense associated with our subordinated convertible notes and fees on our revolving credit agreement. The components of other income, net, are as follows:

 

     Three Months Ended     Six Months Ended  
    

July 1,

2007

    July 2,
2006
    July 1,
2007
   

July 2,

2006

 

Interest income

   $ 234     $ 2,097     $ 476     $ 4,285  

Interest expense

     (2,545 )     (1,927 )     (4,474 )     (3,982 )

Foreign currency gain, net

     (676 )     326       1,107       266  

Other income, net

     830       339       1,686       894  
                                

Total

   $ (2,157 )   $ 835     $ (1,205 )   $ 1,463  
                                
This excerpt taken from the PWAV 10-Q filed May 11, 2007.

Other Income, net

The following table presents an analysis of other income, net:

 

    

Three Months Ended

(dollars in thousands)

 
     April 1, 2007     April 2, 2006  

Interest income

   $ 242     0.2 %   $ 2,188     1.2 %

Interest expense

     (1,929 )   (1.2 )%     (2,055 )   (1.1 )%

Foreign currency gain (loss), net

     1,783     0.5 %     (61 )   (0.1 )%

Other income, net

     856     1.1 %     555     0.3 %
                            

Other income, net

   $ 952     0.6 %   $ 627     0.3 %
                            

 

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Interest income decreased by $1.9 million during the quarter ended April 1, 2007 primarily due to decreased cash balances following the Filtronic Wireless Acquisition in October 2006. As part of the Filtronic Wireless Acquisition, we paid $185 million in cash, along with 17.7 million shares of our common stock. This was offset by an increase of $1.8 million of a net foreign currency gain during the quarter ended April 1, 2007 primarily due to the weakness of the U.S. dollar during the first quarter of 2007.

This excerpt taken from the PWAV 10-K filed Mar 6, 2007.

Note 20. Other Income, Net

Other income, net, includes gains and losses on foreign currency transactions, interest income and interest expense associated with our subordinated convertible notes. The components of other income, net, are as follows:

 

     Fiscal Years Ended  
     December 31,
2006
    January 1,
2006
    January 2,
2005
 

Interest income

   $ 7,301     $ 7,609     $ 2,906  

Interest expense

     (7,931 )     (7,718 )     (3,801 )

Foreign currency gain (loss), net

     205       1,361       (182 )

Other income (expense), net

     3,333       1,049       647  
                        

Total

   $ 2,908     $ 2,301     $ (430 )
                        
This excerpt taken from the PWAV 10-Q filed Nov 13, 2006.

Other Income, Net

The following table presents an analysis of other income, net:

 

    

Nine Months Ended

(dollars in thousands)

 
     October 1, 2006     October 2, 2005  

Interest income

   $ 6,273     1.1 %   $ 5,490     1.0 %

Interest expense

     (6,002 )   (1.0 )%     (5,792 )   (1.0 )%

Foreign currency gain, net

     2,961     0.5 %     801     0.1 %

Other income, net

     1,193     0.2 %     1,335     0.2 %
                            

Other income, net

   $ 4,425     0.8 %   $ 1,834     0.3 %
                            

Interest income increased by $0.8 million during the nine months ended October 1, 2006 primarily due to increased short-term interest rates as compared to 2005. This was offset by $0.2 million of additional interest expense during the nine months ended October 1, 2006 primarily due to the amortization of interest expense associated with our subordinated convertible notes. We also recognized a net foreign currency gain of $3.0 million for the first nine months of 2006 due to the weaker U.S. dollar versus most major currencies.

This excerpt taken from the PWAV 10-Q filed Aug 29, 2006.

Note 6. Other Income, Net

Other income, net, includes interest income, interest expense, gains and losses on foreign currency transactions, and other miscellaneous income and expense. The components of other income, net, are as follows:

 

     Three Months Ended     Six Months Ended  
     July 2,
2006
   

July 3,

2005

    July 2,
2006
   

July 3,

2005

 

Interest income

   $ 2,099     $ 1,903     $ 4,288     $ 3,485  

Interest expense

     (1,927 )     (1,935 )     (3,983 )     (3,870 )

Foreign currency gain, net

     874       2,655       1,038       2,901  

Other income, net

     340       296       898       636  
                                

Total

   $ 1,386     $ 2,919     $ 2,241     $ 3,152  
                                
This excerpt taken from the PWAV 10-Q filed Aug 9, 2006.

Other Income, net

The following table presents an analysis of other income, net:

 

    

Six Months Ended

(dollars in thousands)

 
     July 2, 2006     July 3, 2005  

Interest income

   $ 4,288     1.0 %   $ 3,485     1.0 %

Interest expense

     (3,983 )   (0.9 )%     (3,870 )   (1.1 )%

Foreign currency gain, net

     1,038     0.2 %     2,901     1.0 %

Other income, net

     898     0.2 %     636     —   %
                            

Other income, net

   $ 2,241     0.5 %   $ 3,152     0.9 %
                            

Interest income increased by $0.8 million during the six months ended July 2, 2006 primarily due to increased short-term interest rates as compared to 2005. This was offset by $0.1 million of additional interest expense during the six months ended July 2, 2006 primarily due to the amortization of interest expense associated with our subordinated convertible notes.

This excerpt taken from the PWAV 10-Q filed May 12, 2006.

Other Income, net

The following table presents an analysis of other income, net:

 

     Three Months Ended
(dollars in thousands)
 
     April 2,
2006
    April 3,
2005
 

Interest income

   $ 2,189     1.1 %   $ 1,581     1.0 %

Interest expense

     (2,056 )   (1.1 )%     (1,935 )   (1.2 )%

Foreign currency gain, net

     164     0.1 %     246     0.2 %

Other income, net

     557     0.3 %     341     0.2 %
                            

Other income, net

   $ 854     0.4 %   $ 233     0.2 %
                            

Interest income increased by $0.6 million during the quarter ended April 2, 2006 primarily due to increased cash balances following the issuance of our 1.875% subordinated convertible notes in November 2004. This was somewhat offset by $0.1 million of additional interest expense during the quarter ended April 2, 2006 primarily due to the interest expense associated with such subordinated convertible notes.

This excerpt taken from the PWAV 10-K filed Mar 17, 2006.

Note 18. Other Income, Net

Other income, net, includes gains and losses on foreign currency transactions, interest income and interest expense associated with our subordinated convertible notes. The components of other income, net, are as follows:

 

     Fiscal Years Ended  
     January 1,
2006
    January 2,
2005
    December 28,
2003
 

Interest income

   $ 7,644     $ 2,920     $ 2,425  

Interest expense

     (7,719 )     (3,861 )     (1,162 )

Foreign currency gain (loss), net

     393       394       33  

Other income (expense)

     1,297       665       1,098  
                        

Total

   $ 1,615     $ 118     $ 2,394  
                        
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