SanDisk 2007 Annual Report Download - page 152

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April 2,
2006
July 2,
2006
October 1,
2006
December 31,
2006
Fiscal Quarters Ended
(In thousands)
Write-off of acquired in-process technology ...... $39,600 $ — $ — $186,000
Share-based compensation ................... 18,786 25,870 25,192 30,793
Amortization of acquisition-related intangible
assets ................................ 3,715 4,432 4,432 15,221
Total ................................... $62,101 $30,302 $29,624 $232,014
(2)
Quarterly earnings per share figures may not total to yearly earnings per share, due to rounding and fluctuations
in the number of options included or omitted from diluted calculations based on the stock price or option strike
prices.
Note 19: Subsequent Events
In November 2007, Flash Alliance entered into a master equipment lease agreement providing for up to
100.0 billion Japanese yen, or approximately $886 million based upon the exchange rate at December 30, 2007, of
original lease obligation. On January 29, 2008, Flash Alliance drew down approximately 30.0 billion Japanese yen,
or approximately $266 million based upon the exchange rate at December 30, 2007, of the total amount provided for
under the November 2007 master lease agreement, of which the Company guaranteed 15.0 billion Japanese yen, or
approximately $133 million based upon the exchange rate at December 30, 2007. See Note 12, “Commitments,
Contingencies and Guarantees.”
On February 19, 2008, the Company and Toshiba signed a non-binding memorandum of understanding for a
new production joint venture to construct a 300-millimeter wafer fab located in Japan. The new venture has a
targeted production start-up date in 2010. Half of the new memory wafer fab’s production capacity will be allocated
to the new joint venture and the Company and Toshiba will equally share wafer output and funding for the related
equipment. The remaining 50% of the fab’s production capacity will be managed by Toshiba and half of the output
will be provided to the Company on a committed foundry basis. The agreement provides the Company an option to
convert its committed foundry capacity into the joint venture or to convert to a non-committed foundry
arrangement.
F-56
Notes to Consolidated Financial Statements — (Continued)