Maxim Completes Restatement of Financial Statements
Market Wire, September, 2008
Additional Financial Information
A summary of adjustments to the Company's previously filed financial statements is set forth below:
Summary of Adjustments to Previously Filed Financial Statements (in
millions)
Other
Adjustments Cumulative
Pre-tax Payroll, Not Effect Total
Adjustments Withholding Related of a After Tax
to and Related to Stock- Income Change in Decrease
Fiscal Stock-Based Adjust Based Tax Accounting to Net
Period Compensation -ments Compensation Benefit Principle Income
---------- --------- --------- ------- --------- ----------
1997 $ 30.0 $ 0.5 $ 2.0 $ (11.8) $ - $ 20.7
1998 34.6 1.0 1.7 (13.8) - 23.5
1999 32.2 1.8 (8.8) (9.0) - 16.2
2000 72.3 7.7 (4.5) (28.8) - 46.7
2001 84.3 6.6 (3.7) (35.1) - 52.1
2002 91.1 5.7 6.1 (32.3) - 70.6
2003 127.4 0.2 (15.0) (39.7) - 72.9
2004 153.5 (0.1) 26.9 (66.1) - 114.2
2005 86.6 5.9 18.2 (32.2) - 78.5
Nine Months
Ended March
25, 2006 61.5 0.6 12.0 (25.8) (1.6) 46.7
---------- --------- --------- ------- --------- ----------
Total - All $
Periods $ 773.5 $ 29.9 $ 34.9 (294.6) $ (1.6) $ 542.1
========== ========= ========= ======= ========= ==========
The foregoing information is qualified in its entirety by the more detailed information set forth in the Company's Annual Report on Form 10-K for fiscal year ended June 24, 2006, filed with the SEC on September 30, 2008.
Stock-based compensation for the periods not previously filed is summarized in the following table:
STOCK BASED COMPENSATION
(in millions) Q406 FY06 Q107 (1) Q207 Q307 Q407 FY07
------- ------- ------- ------- ------ ------- -------
Cost of Goods Sold $ 13.9 $ 62.1 $ 36.6 $ 15.7 $ 14.8 $ 14.1 $ 81.2
Research &
Development 38.9 138.3 115.1 34.8 32.8 34.0 216.7
Selling, General
and Admin. 12.8 51.0 38.2 11.7 (3.4) 9.4 55.9
------- ------- ------- ------- ------ ------- -------
Total $ 65.6 $ 251.4 $ 189.9 $ 62.2 $ 44.2 $ 57.5 $ 353.8
======= ======= ======= ======= ====== ======= =======
(in millions) Q108(2) Q208 Q308 Q408 FY08
------- ------- ------- ------- -------
Cost of Goods Sold $ 15.6 $ 11.7 $ 10.5 $ 8.1 $ 45.9
Research &
Development 43.8 22.8 19.2 24.2 110.0
Selling, General
and Admin. 13.2 7.2 6.0 7.4 33.8
------- ------- ------- ------- -------
Total $ 72.6 $ 41.7 $ 35.7 $ 39.7 $ 189.7
======= ======= ======= ======= =======
(1) Includes $118.9 million related to modification of options expiring
during "Restatement Period."
(2) Includes $27.5 million related to cash settlement of options expiring
during "Restatement Period."
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions




