SLAB » Topics » Selling, General and Administrative

These excerpts taken from the SLAB 10-Q filed Apr 30, 2009.
Selling, General and Administrative.  Selling, general and administrative expense consists primarily of personnel-related expenses, including stock compensation, related allocable portion of our occupancy costs, sales commissions to independent sales representatives, applications engineering support, professional fees, directors’ and officers’ liability insurance, patent litigation legal fees, costs related to relocating our headquarters and promotional and marketing expenses.

 

Selling, General and Administrative

 

 

 

Three Months Ended

 

 

 

 

 

(in millions)

 

April 4,
2009

 

April 5,
2008

 

Change

 

%
Change

 

Selling, general and administrative

 

$

23.4

 

$

24.6

 

$

(1.2

)

(4.7

)%

Percent of revenue

 

28.0

%

25.1

%

 

 

 

 

 

The decrease in selling, general and administrative expense in the recent three month period was principally due to a decrease of $0.8 million for personnel-related expenses and other discretionary spending items.  The increase in selling, general and administrative expense as a percent of revenues is due to our decreased sales.  We expect that selling, general and administrative expense will remain relatively stable in absolute dollars in future periods.

 

These excerpts taken from the SLAB 10-K filed Feb 11, 2009.

Selling, General and Administrative

 
  Year Ended    
   
 
(in millions)
  January 3,
2009
  December 29,
2007
  Change   %
Change
 

Selling, general and administrative

  $ 100.7   $ 94.8   $ 5.9     6.2 %

Percent of revenue

    24.2 %   28.1 %            

        The increase in selling, general and administrative expense in fiscal 2008 was principally due to (a) an increase of $6.4 million for personnel-related expenses, (b) $1.0 million of reduced occupancy costs during fiscal 2007 which were billed to NXP in connection with our TSA, and (c) an increase of $0.7 million for sales commissions. These impacts were partially offset by decreased legal fees, primarily related to litigation, of $2.6 million. The decrease in selling, general and administrative expense as a percent of revenues is due to our increased sales. We expect that selling, general and administrative expense will remain relatively stable in absolute dollars in future periods.

Selling, General and Administrative












































































 
 Year Ended   
  
 
(in millions)



 January 3,

2009
 December 29,

2007
 Change  %

Change
 

Selling, general and administrative

 $100.7 $94.8 $5.9  6.2%

Percent of revenue

  24.2% 28.1%      




        The
increase in selling, general and administrative expense in fiscal 2008 was principally due to (a) an increase of $6.4 million for personnel-related expenses,
(b) $1.0 million of reduced occupancy costs during fiscal 2007 which were billed to NXP in connection with our TSA, and (c) an increase of $0.7 million for sales
commissions. These impacts were partially offset by decreased legal fees, primarily related to litigation, of $2.6 million. The decrease in selling, general and administrative expense as a
percent of revenues is due to our increased sales. We expect that selling, general and administrative expense will remain relatively stable in absolute dollars in future periods.



Selling, General and Administrative

 
  Year Ended    
   
 
(in millions)
  December 29,
2007
  December 30,
2006
  Change   %
Change
 

Selling, general and administrative

  $ 94.8   $ 89.0   $ 5.8     6.5 %

Percent of revenue

    28.1 %   30.9 %            

        The increase in selling, general and administrative expense in fiscal 2007 was principally due to (a) $5.6 million for stock compensation and other personnel-related expenses, (b) $2.4 million in legal fees primarily related to litigation, and (c) $1.9 million for depreciation. The increase was offset in part by decreases of (a) $2.2 million for charges related to relocating our corporate headquarters, (b) $1.5 million for sales commissions, and (c) $1.0 million due to reduced occupancy costs, in connection with our TSA with NXP.

39


Selling, General and Administrative












































































 
 Year Ended   
  
 
(in millions)



 December 29,

2007
 December 30,

2006
 Change  %

Change
 

Selling, general and administrative

 $94.8 $89.0 $5.8  6.5%

Percent of revenue

  28.1% 30.9%      




        The
increase in selling, general and administrative expense in fiscal 2007 was principally due to (a) $5.6 million for stock compensation and other personnel-related
expenses, (b) $2.4 million in legal fees primarily related to litigation, and (c) $1.9 million for depreciation. The increase was offset in part by decreases of
(a) $2.2 million for charges related to relocating our corporate headquarters, (b) $1.5 million for sales commissions, and (c) $1.0 million due to reduced
occupancy costs, in connection with our TSA with NXP.



39









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This excerpt taken from the SLAB 10-Q filed Oct 29, 2008.
Selling, General and Administrative.  Selling, general and administrative expense consists primarily of personnel-related expenses, including stock compensation, related allocable portion of our occupancy costs, sales commissions to independent sales representatives, applications engineering support, professional fees, directors’ and officers’ liability insurance, patent litigation legal fees, costs related to relocating our headquarters and promotional and marketing expenses.

 

This excerpt taken from the SLAB 10-Q filed Jul 30, 2008.
Selling, general and administrative.  Selling, general and administrative expense consists primarily of personnel-related expenses, including stock compensation, related allocable portion of our occupancy costs, sales commissions to independent sales representatives, applications engineering support, professional fees, directors’ and officers’ liability insurance, patent litigation legal fees, costs related to relocating our headquarters and promotional and marketing expenses.

 

This excerpt taken from the SLAB 10-Q filed Apr 30, 2008.

Selling, General and Administrative

 

 

 

Three Months Ended

 

 

 

 

 

(in millions)

 

April 5,
2008

 

March 31,
2007

 

Change

 

%
Change

 

Selling, general and administrative

 

$

24.6

 

$

24.3

 

$

0.3

 

1.3

%

Percent of revenue

 

25.1

%

32.9

%

 

 

 

 

 

The increase in selling, general and administrative expense in absolute dollars for the recent three month period was principally due to (a) the $0.5 million increase in sales commissions, and (b) the $0.3 million increase in depreciation.  The increase was offset in part by a decrease of $0.5 million in legal fees primarily related to litigation.  We expect that selling, general and administrative expense will increase slightly in absolute dollars in future periods.  The decrease in selling, general and administrative expense as a percent of revenues is principally due to our increased sales.

 

These excerpts taken from the SLAB 10-K filed Feb 7, 2008.

Selling, general and administrative

 
  Year Ended
   
   
 
 
  December 30, 2006
  December 31, 2005
  Change
  % Change
 
 
  (in millions)

 
Selling, general and administrative   $ 89.0   $ 63.3   $ 25.7   40.6 %
Percent of revenue     30.9 %   26.5 %          

        The increase in selling, general and administrative expense in fiscal 2006 was principally due to increases of: (1) $12.8 million for stock compensation expense; (2) $5.1 million for other personnel-related expenses; and (3) $3.0 million related to relocating our corporate headquarters.

Selling, general and administrative































































 
 Year Ended
  
  
 
 
 December 30, 2006
 December 31, 2005
 Change
 % Change
 
 
 (in millions)

 
Selling, general and administrative $89.0 $63.3 $25.7 40.6%
Percent of revenue  30.9% 26.5%     




        The
increase in selling, general and administrative expense in fiscal 2006 was principally due to increases of: (1) $12.8 million for stock compensation expense;
(2) $5.1 million for other personnel-related expenses; and (3) $3.0 million related to relocating our corporate headquarters.



This excerpt taken from the SLAB 10-Q filed May 3, 2007.

Selling, General and Administrative

 

Three Months Ended

 

 

 

 

 

(in millions)

 

March 31,
2007

 

April 1,
2006

 

Change

 

%
Change

 

Selling, general and administrative

 

$

24.3

 

$

20.7

 

$

3.6

 

17.2

%

Percent of revenue

 

32.9

%

31.1

%

 

 

 

 

 

     The increase in selling, general and administrative expense for the recent three month period was principally due to increases of: (1) $1.9 million for stock compensation and other personnel-related expenses; and (2) $0.6 million of higher legal fees related to litigation.  We expect that selling, general and administrative expense will decline slightly in absolute dollars in the next quarter and remain relatively stable the remainder of the year.

18




This excerpt taken from the SLAB 10-K filed Feb 7, 2007.

Selling, general and administrative

 

 

Year Ended

 

 

 

 

 

 

 

December 31,
2005

 

January 1,
2005

 

Change

 

%
Change

 

 

 

(in millions)

 

Selling, general and administrative

 

 

$

72.6

 

 

 

$

65.2

 

 

 

$

7.4

 

 

 

11.3

%

 

Percent of revenue

 

 

17.0

%

 

 

14.3

%

 

 

 

 

 

 

 

 

 

 

The increase in selling, general and administrative expense in fiscal 2005 was principally attributable to: (1) an increase of approximately $2.8 million for increased staffing and associated costs resulting from the geographical expansion of our sales support organization in Asia and Europe; (2) $2.7 million in charges related to the separation agreement with our former Chief Executive Officer; (3) $1.0 million in charges related to the search and hiring costs of our current Chief Executive Officer; and (4) an increase of approximately $1.0 million for increased staffing and associated costs related to the expansion of our internal information technology and services support organization. The increase was offset in part by a $1.9 million decline in sales commissions and bonuses due to a decline in our sales.

This excerpt taken from the SLAB 10-K filed Apr 24, 2006.
SELLING, GENERAL AND ADMINISTRATIVE

 

 

Year Ended

 

 

 

 

 

 

 

January 1,
2005

 

January 3,
2004

 

Change

 

%
Change

 

 

 

(in millions)

 

Selling, general and  administrative

 

 

$

65.2

 

 

 

$

44.1

 

 

 

$

21.1

 

 

 

47.6

%

 

Percent of revenue

 

 

14.3

%

 

 

13.6

%

 

 

 

 

 

 

 

 

 

 

45




The increase in the dollar amount of selling, general and administrative expense in fiscal 2004 was principally attributable to: (1) an increase of approximately $3.2 million for sales commissions and bonuses associated with our increased revenue levels; (2) an increase of approximately $3.1 million for personnel associated with our acquisition of Cygnal; (3) an increase of approximately $2.9 million for increased staffing and associated costs related to the expansion of our internal information technology and services support organization; (4) an increase of approximately $2.6 million for increased staffing and associated costs associated with the geographical expansion of our sales support organization in Asia and Europe; (5) an increase of approximately $2.4 million in legal, consulting and auditing fees which were primarily driven by activities related to the establishment of a headquarters for non-U.S. operations in Singapore and compliance with the requirements of Section 404 of the Sarbanes-Oxley Act; and (6) an increase of approximately $2.0 million for increased staffing and associated costs related to product marketing and marketing applications activities associated with our mobile handset products.

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