ATMEL CORP

CIK:0000872448|SEC Filings

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 26,902	$ 35,208	$ (22,055)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments, net of tax benefit (expense)	(11,342)	(13,899)	3,325
Actuarial gains (losses) related to defined benefit pension plans, net of tax benefit (expense) of $4,561 in 2015, $2,826 in 2014 and $(1,210) in 2013	7,096	(6,309)	2,913
Unrealized holding (losses) gains on investments arising during period, net of tax benefit	(1,364)	(771)	147
atml_Reclassificationadjustmentoninvestmentsales	2,137	0	0
Other comprehensive (loss) income	(3,473)	(20,979)	6,385
Total comprehensive income (loss)	23,429	14,229	(15,670)
Less: net income attributable to noncontrolling interest, net of taxes	(11)	(3,013)	0
Comprehensive income (loss) attributable to Atmel	$ 23,418	$ 11,216	$ (15,670)

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Cash Flows [Abstract]
Net Income (Loss) Attributable to Parent	$ 26,902	$ 35,208	$ (22,055)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization	55,028	60,152	75,084
Curtailment gain	(1,699)	0	(1,607)
Gain from foundry arrangement	0	0	(3,034)
Realized gain on sales of investments in privately-held companies	(1,317)	0	0
Recovery of receivables from foundry supplier	0	(485)	(600)
(Recovery) provision for doubtful accounts	(98)	4,054	(22)
Asset impairment charges	0	26,624	7,502
Gains on sale of assets, net	(1,626)	(4,364)	(886)
Deferred income taxes	16,063	18,507	(8,660)
Write-off of equipment deposit	0	1,730	0
Realized gain on short-term investments	0	(385)	0
Accretion of interest on long-term debt	1,272	1,756	1,113
Share-based compensation expense	51,392	59,679	43,124
Excess tax benefit on share-based compensation	(1,575)	(1,601)	(2,260)
Other non-cash (gains) losses, net	(6,929)	(6,881)	(1,201)
Changes in operating assets and liabilities, net of acquisitions
Accounts receivable	26,638	(17,070)	(18,171)
Inventories	21,041	3,922	69,460
Current and other assets	9,090	1,253	(14,050)
Trade accounts payable	(34,851)	(332)	(13,655)
Accrued and other liabilities	(32,266)	(10,161)	12,912
Income taxes payable	(10,940)	1,717	(9,238)
Deferred income on shipments to distributors	(10,349)	6,465	13,368
Net cash provided by operating activities	105,776	179,788	127,124
Cash flows from investing activities
Acquisitions of fixed assets	(28,752)	(44,693)	(35,117)
Proceeds from sale of business	0	3,219	5,092
Proceeds from sale of assets	21,191	73	3,100
Proceeds from sales of investments in privately-held companies	3,817	0	0
Acquisition of businesses, net of cash acquired	0	(139,580)	(25,852)
Acquisitions of intangible assets	(2,025)	(3,341)	(6,328)
Sales or maturities of marketable securities	0	3,071	0
Net cash used in investing activities	(5,769)	(181,251)	(59,105)
Cash flows from financing activities
Proceeds from issuance of debt	0	90,000	0
Principal payments on debt and capital leases	(29,094)	(16,353)	(3,644)
Debt issuance cost	0	0	(2,051)
Repurchases of common stock	(11,984)	(130,383)	(87,781)
Payment of dividends	(50,238)	0	0
Proceeds from issuance of common stock	13,974	13,538	22,948
Tax payments related to shares withheld for vested restricted stock units	(20,284)	(25,128)	(20,315)
Excess tax benefit on share-based compensation	1,575	1,601	2,260
Net cash used in financing activities	(96,051)	(66,725)	(88,583)
Effect of exchange rate changes on cash and cash equivalents	(641)	(1,756)	4,075
Net increase (decrease) in cash and cash equivalents	3,315	(69,944)	(16,489)
Cash and cash equivalents at beginning of the period	206,937	276,881	293,370
Cash and cash equivalents at end of the period	210,252	206,937	276,881
Supplemental cash flow disclosures:
Interest paid	1,346	860	912
Income taxes paid (refund)	7,526	(7,300)	13,761
Supplemental non-cash investing and financing activities disclosures:
(Decrease) increase in accounts payable related to fixed assets purchases	(3,194)	(1,393)	4,825
Decrease in liabilities related to intangible assets purchases	$ (2,025)	$ (3,341)	$ (6,328)

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 210,252	$ 206,937
Accounts receivable, net of allowance for doubtful accounts of $5,861 and $5,945, respectively	195,481	222,021
Inventories	257,376	278,242
Prepaids and other current assets	35,299	89,101
Total current assets	698,408	796,301
Fixed assets, net	131,154	158,281
Goodwill	188,237	191,088
Intangible assets, net	38,943	50,286
Other assets	203,676	166,348
Total assets	1,260,418	1,362,304
Current liabilities
Trade accounts payable	59,470	97,467
Accrued and other liabilities	113,012	139,696
Deferred income on shipments to distributors	38,710	49,059
Current portion of long-term debt	0	7,413
Total current liabilities	211,192	293,635
Line of Credit Facility, Fair Value of Amount Outstanding	55,000	75,000
Other long-term liabilities	117,542	123,670
Total liabilities	$ 383,734	$ 492,305
Commitments and contingencies (Note 10)
Stockholders’ equity
Preferred stock; par value $0.001; Authorized: 5,000 shares; no shares issued and outstanding	$ 0	$ 0
Common stock; par value $0.001; Authorized: 1,600,000 shares; Shares issued and outstanding: 421,310 at December 31, 2015 and 416,178 at December 31, 2014, respectively	421	416
Additional paid-in capital	790,249	756,760
Accumulated other comprehensive loss	(11,655)	(8,182)
Retained earnings	94,645	117,992
Total Atmel stockholders’ equity	873,660	866,986
Noncontrolling interest	3,024	3,013
Total stockholders' equity	876,684	869,999
Total liabilities and stockholders’ equity	$ 1,260,418	$ 1,362,304