CIRRUS LOGIC, INC. CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS (unaudited) (in thousands, except per share data) Quarter Ended Mar. 27, 2004 Net sales $ Costs and expenses: Cost of sales Research and development Selling, general and administrative Restructuring and other costs Amortization of acquired intangibles Impairment of goodwill and other intangibles Lease termination costs Litigation settlement Patent agreement, net Total costs and expenses 50,214 Dec. 27, 2003 $ 55,270 Mar. 29, 2003 $ 52,145 23,921 16,871 14,635 595 3,419 (17,000) 42,441 26,552 18,224 12,163 896 3,419 (45,000) 16,254 25,778 19,467 15,342 1,238 4,034 136,160 4,568 206,587 7,773 39,016 (154,442) Realized gain (loss) on marketable equity securities Interest income (expense), net Other income (expense), net Income (loss) before income taxes and loss from discontinued operations Provision (benefit) for income taxes 1,967 555 (11) 10,284 (33) 450 58 39,524 75 (238) 644 1,793 (152,243) 559 Income (loss) from continuing operations 10,317 39,449 (152,802) - - Income (loss) from operations Loss from discontinued operations - Net income (loss) $ 10,317 $ 39,449 $ (152,802) Basic income (loss) per share: From continuing operations Discontinued operations $ 0.12 0.12 $ 0.47 0.47 $ (1.82) (1.82) 0.12 0.12 $ 0.46 0.46 $ $ Diluted income (loss) per share: From continuing operations Discontinued operations $ $ Basic weighted average common shares outstanding Diluted weighted average common shares outstanding 84,355 86,729 $ $ 84,015 86,440 $ $ (1.82) (1.82) 83,754 83,754