Adaptec 2010 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2010 Adaptec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 105

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105

30
(6) Results include $0.1 million stoc
k
-based compensation expense included in Cost of revenues; $2.2 million stoc
k
-based
compensation expense and $0.1 million recovery of previously accrued termination costs included in Research and development
expense; $2.8 million stock-based compensation expense and $0.1 million recovery of previously accrued termination costs
included in Selling, general and administrative expense; $0.8 million of non-cash interest expense for the accretion of the debt
discount related to the senior convertible notes; $1.0 million foreign exchange loss on foreign tax liabilities; and $8.6 million net
income tax recovery, including $9.4 million net tax recovery relating to foreign exchange translation of a foreign subsidiary,
$0.3 million arrears interest relating to unrecognized tax benefits, $0.9 million tax provision relating to inter-company
transactions, $1.4 million income tax provision relating to income from operating results, $0.5 million tax recovery related to
non-deductible intangible asset, $0.8 million tax recovery based on completed filings and assessments received from tax
authorities, and $0.5 million tax recover
y
related to stoc
k
-based com
p
ensation.
(7) Results include $0.2 million stoc
k
-based compensation expense included in Cost of revenues; $2.1 million stoc
k
-based
compensation expense included in Research and development expense; $3.3 million stock-based compensation expense included
in Selling, general and administrative expense; $0.7 million of non-cash interest expense for the accretion of the debt discount
related to the senior convertible notes; $2.9 million foreign exchange loss on foreign tax liabilities; and $3.4 million net income
tax provision which includes $1.5 million net tax expense relating to foreign exchange translation of a foreign subsidiary, $0.9
million income tax provision relating to income from operating results, $0.4 million arrears interest relating to unrecognized tax
benefits, $1.2 million tax provision relating to inter-company transactions, $0.5 million tax recovery related to non-deductible
intan
g
ible asset amortization, and $0.1 million tax recover
y
relatin
g
to
p
rior
p
eriods.
(8) Results include $0.2 million stoc
k
-based compensation expense included in Cost of revenues; $2.3 million stoc
k
-based
compensation expense and $1.2 million termination costs included in Research and development expense; $2.9 million stock-
based compensation expense and $0.8 million termination costs included in Selling, general and administrative expense; $0.7
million of non-cash interest for the accretion of the debt discount related to the senior convertible notes; $3.6 million foreign
exchange gain on foreign tax liabilities; and $1.7 million net income tax provision which includes $0.5 million net tax recovery
relating to foreign exchange translation of a foreign subsidiary, $0.4 million arrears interest relating to unrecognized tax
benefits, $0.7 million tax provision relating to prior periods, $0.6 million income tax provision relating to income from operating
results, $1.0 million tax provision relating to inter-company transactions, and $0.5 million tax recovery related to non-deductible
intan
g
ible asset amortization.