LSI CORP

CIK:0000703360|SEC Filings

Supplemental Financial Information - Accumulated Other Comprehensive Loss, Net of Taxes (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, Beginning Balance	$ (391,342)
Net Current Period Other Comprehensive Income	5,085	5,765
Accumulated other comprehensive loss, Ending Balance	(386,257)
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, Beginning Balance	34,527
Net Current Period Other Comprehensive Income	1,275
Accumulated other comprehensive loss, Ending Balance	35,802
Net unrealized gain on investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, Beginning Balance	2,797
Net Current Period Other Comprehensive Income	275
Accumulated other comprehensive loss, Ending Balance	3,072
Net unrealized loss on derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, Beginning Balance	(573)
Net Current Period Other Comprehensive Income	342
Accumulated other comprehensive loss, Ending Balance	(231)
Benefit plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, Beginning Balance	(428,093)
Net Current Period Other Comprehensive Income	3,193
Accumulated other comprehensive loss, Ending Balance	$ (424,900)

Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Operating activities:
Net income	$ 33,233	$ 18,432
Adjustments:
Depreciation and amortization	45,929	44,285
Stock-based compensation expense	20,985	25,546
Non-cash restructuring of operations and other items, net	434	6,596
Gain on sale of property and equipment		(4)
Unrealized foreign exchange loss	494	589
Deferred taxes	(51)	(26)
Changes in assets and liabilities:
Accounts receivable, net	19,626	40,652
Inventories	(5,616)	25,123
Prepaid expenses and other assets	(32,903)	(7,955)
Accounts payable	7,936	(33,054)
Accrued and other liabilities	(47,054)	(57,354)
Net cash provided by operating activities	43,013	62,830
Investing activities:
Purchases of debt securities available-for-sale	(26)	(53,345)
Proceeds from maturities and sales of debt securities available-for-sale	25,601	24,117
Purchases of other investments	(232)	(750)
Purchases of property and equipment	(20,527)	(25,075)
Proceeds from sale of property and equipment	12	27
Net cash provided by/(used in) investing activities	4,828	(55,026)
Financing activities:
Issuances of common stock	51,965	8,165
Purchases of common stock under repurchase programs		(60,765)
Net cash provided by/(used in) financing activities	51,965	(52,600)
Effect of exchange rate changes on cash and cash equivalents	14	(1,507)
Net change in cash and cash equivalents	99,820	(46,303)
Cash and cash equivalents at beginning of period	542,768	471,528
Cash and cash equivalents at end of period	$ 642,588	$ 425,225

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 642,588	$ 542,768
Short-term investments	240,741	267,070
Accounts receivable, less allowances of $4,349 and $6,174, respectively	251,223	270,849
Inventories	161,910	156,294
Prepaid expenses and other current assets	85,018	71,600
Total current assets	1,381,480	1,308,581
Property and equipment, net	298,582	302,288
Identified intangible assets, net	337,537	367,603
Goodwill	255,005	255,005
Other assets	126,873	128,228
Total assets	2,399,477	2,361,705
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	173,614	174,213
Accrued salaries, wages and benefits	111,686	135,530
Other accrued liabilities	168,657	173,238
Total current liabilities	453,957	482,981
Pension and post-retirement benefit obligations	324,037	337,063
Income taxes payable	63,740	72,245
Other non-current liabilities	33,298	33,694
Total liabilities	875,032	925,983
Commitments and contingencies (Note 12)
Stockholders' equity:
Preferred stock, $.01 par value: 2,000 shares authorized; none outstanding
Common stock, $.01 par value: 1,300,000 shares authorized; 564,011 and 552,409 shares outstanding, respectively	5,640	5,524
Additional paid-in capital	5,620,767	5,570,478
Accumulated deficit	(3,715,705)	(3,748,938)
Accumulated other comprehensive loss	(386,257)	(391,342)
Total stockholders' equity	1,524,445	1,435,722
Total liabilities and stockholders' equity	$ 2,399,477	$ 2,361,705