<SEC-DOCUMENT>0001157523-19-001317.txt : 20190529
<SEC-HEADER>0001157523-19-001317.hdr.sgml : 20190529
<ACCEPTANCE-DATETIME>20190529163026
ACCESSION NUMBER:		0001157523-19-001317
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190529
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190529
DATE AS OF CHANGE:		20190529

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SEMTECH CORP
		CENTRAL INDEX KEY:			0000088941
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				952119684
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0127

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06395
		FILM NUMBER:		19862408

	BUSINESS ADDRESS:	
		STREET 1:		200 FLYNN ROAD
		CITY:			CAMARILLO
		STATE:			CA
		ZIP:			93012-8790
		BUSINESS PHONE:		8054982111

	MAIL ADDRESS:	
		STREET 1:		200 FLYNN ROAD
		CITY:			CAMARILLO
		STATE:			CA
		ZIP:			93012-8790
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51991622.htm
<DESCRIPTION>SEMTECH CORPORATION 8-K
<TEXT>
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    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 16pt"><b>UNITED
      STATES</b></font><font style="font-size: 16pt"><br style="font-size: 16pt"></font><font style="font-size: 16pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt">Washington,
      D.C. 20549</font>
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    <hr style="height: 1.0 pt; color: #000000; width: 15%; text-align: center">


    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 16pt"><b>FORM 8-K</b></font>
    </p>
    <hr style="height: 1.0 pt; color: #000000; width: 15%; text-align: center">


    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT </b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font>
    </p>
<div style="text-align:left">
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          &#160;
        </td>
        <td style="text-align: right; padding-left: 0.0px; width: 40%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date of Report (Date of earliest event reported):
          </p>
        </td>
        <td style="text-align: left; padding-left: 10.0px; width: 40%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>May 29, 2019</b>
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
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      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 16pt"><b>Semtech Corporation</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Exact name of registrant as specified in its charter)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction<br>of incorporation)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-6395</b>
          </p>
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; width: 50%; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>95-2119684</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission<br>File Number)
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer<br>Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>200 Flynn Road</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Camarillo, California</b>
          </p>
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; width: 50%; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>93012-8790</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of principal executive offices)
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="bottom">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>805-498-2111</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Registrant's telephone number, including area code
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Not applicable</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Former name or former address, if changed since last report)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <hr style="text-align: center; width: 15%; height: 1.0 pt; color: #000000">


    <p style="text-align: left; margin-right: 90.0px">

    </p>
    <p style="text-align: left; margin-right: 90.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <p style="font-size: 10pt; font-family: Times New Roman">
            Securities registered pursuant to Section 12(b) of the Exchange
            Act:
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; width: 33%; border-bottom-style: solid" valign="top">
          Title of each class
        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; width: 34%; border-bottom-style: solid" valign="top">
          Trading Symbol(s)
        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; width: 33%; border-bottom-style: solid" valign="top">
          Name of each exchange on which registered
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; width: 33%; border-bottom-style: solid" valign="top">
          Common Stock, par value $0.01 per share
        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; width: 34%; border-bottom-style: solid" valign="top">
          SMTC
        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; width: 33%; border-bottom-style: solid" valign="top">
          The Nasdaq Global Select Market
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
      &#167;230.405) or Rule&#160;12b-2&#160;of the Securities Exchange Act of 1934 (17
      CFR&#160;&#167;240.12b-2).&#160;
    </p>
    <p>

    </p>
    <p style="white-space: nowrap">
      Emerging growth company [&#160;&#160; ]
    </p>
    <p>

    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. [&#160;&#160; ]
    </p>
    <p>

    </p>
    <hr style="text-align: center; width: 100%; height: 1.0 pt; color: #000000">
    <hr style="text-align: center; width: 100%; height: 3.0 pt; color: #000000">


    <p>

    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          Item 2.02.
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 90%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Results of Operations and Financial Condition</u>.
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 90%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            On May 29, 2019, the Registrant issued a press release announcing
            its financial results for the first quarter fiscal year 2020,
            which ended April 28, 2019. A copy of the press release is
            attached hereto as Exhibit 99.1.
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          Item 7.01.
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 90%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Regulation FD Disclosure</u>.
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 90%" valign="top">
          On May 29, 2019, the Registrant issued a press release containing
          forward looking statements, including with respect to its future
          performance and financial results. A copy of the press release is
          attached hereto as Exhibit 99.1.
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          Item 9.01.
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 90%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Financial Statements and Exhibits</u>.
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 90%" valign="top">
          (d) Exhibits
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 20.0px; width: 90%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51991622_ex991.htm">Exhibit 99.1</a>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a href="a51991622_ex991.htm">Press
            Release of the Registrant dated May 29, 2019. (This Exhibit 99.1
            is being furnished and shall not be deemed &#8220;filed&#8221;.)</a>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 20.0px; width: 90%" valign="top">
          The information contained in Item 2.02, Item 7.01 and Exhibit 99.1
          of this Current Report on Form 8-K hereto is being furnished and
          shall not be deemed &#8220;filed&#8221; for the purposes of Section 18 of the
          Securities Exchange Act of 1934, as amended, or otherwise subject to
          the liabilities of that section. The information in Item 2.02, Item
          7.01 and Exhibit 99.1 hereto shall not be incorporated by reference
          into any registration statement or other document pursuant to the
          Securities Act of 1933, as amended, except as shall be expressly set
          forth by specific reference to Item 2.01, Item 7.01 and Exhibit
          99.1, as applicable in such filing.
        </td>
      </tr>
    </table>
    </div>
    <p style="margin-left: 60.0px">

    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <u><font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font></u>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the Registrant
      has duly caused this report to be signed on its behalf by the
      undersigned thereunto duly authorized.</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 6%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 44%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            SEMTECH CORPORATION
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 7%" valign="top">

        </td>
        <td style="width: 43%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 7%">

        </td>
        <td style="width: 43%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 7%" valign="top">

        </td>
        <td style="width: 43%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 6%; padding-bottom: 2.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 44%; padding-bottom: 2.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            May 29, 2019
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Emeka N. Chukwu
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 7%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name:
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 43%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Emeka Chukwu
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
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            Title:
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          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer
          </p>
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<SEQUENCE>2
<FILENAME>a51991622_ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Semtech
      Announces First Quarter of Fiscal Year 2020 Results</b></font>
    </p>
    <p>
      CAMARILLO, Calif.--(BUSINESS WIRE)--May 29, 2019--Semtech Corporation
      (Nasdaq: SMTC), a leading supplier of high performance analog and
      mixed-signal semiconductors and advanced algorithms, today reported
      unaudited financial results for its first quarter of fiscal year 2020,
      which ended April 28, 2019.
    </p>
    <p>
      <b>Highlights for the First Fiscal Quarter 2020</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Q1 FY2020 net sales of $131.4 million, and GAAP EPS of $0.20 and
        non-GAAP EPS of $0.34
      </li>
      <li style="margin-bottom: 10.0px">
        Bookings grew 18% sequentially resulting in a Book to Bill greater
        than 1
      </li>
      <li style="margin-bottom: 10.0px">
        Announced first LoRa Cloud&#8482; Services platform for geolocation
      </li>
      <li style="margin-bottom: 10.0px">
        Record quarterly number of design wins
      </li>
    </ul>
    <p>
      <b>Results on a GAAP basis for the First Fiscal Quarter 2020</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        GAAP Net sales were $131.4 million
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP Gross margin was 61.9%
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP SG&amp;A expense was $38.4 million
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP R&amp;D expense was $27.1 million
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP Operating margin was 9.8%
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP Net income was $13.3 million or $0.20 per diluted share
      </li>
    </ul>
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    <p>
      To facilitate a complete understanding of comparable financial
      performance between periods, the Company also presents performance
      results that exclude certain non-cash items and items that are not
      considered reflective of the Company&#8217;s core results over time. These
      non-GAAP financial measures exclude certain items and are described
      below under &#8220;Non-GAAP Financial Measures.&#8221;
    </p>
    <p>
      <b>Results on a Non-GAAP basis for the First Fiscal Quarter 2020 </b>(see
      the list of non-GAAP items and the reconciliation of these to the most
      relevant GAAP items set forth in the tables below):
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Non-GAAP Gross margin was 62.2%
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP SG&amp;A expense was $28.7 million
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP R&amp;D expense was $24.4 million
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP Operating margin was 21.8%
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP Net income was $23.0 million or $0.34 per diluted share
      </li>
    </ul>
    <p>
      Mohan Maheswaran, Semtech&#8217;s President and Chief Executive Officer,
      stated, &#8220;We delivered first fiscal quarter 2020 results that were
      in-line with our expectations. Our bookings grew nicely over the prior
      quarter, as we saw early signs of improving customer demand in several
      of our end-markets. Despite near-term uncertainties, our main growth
      drivers have strong design win momentum and should contribute to revenue
      growth in the second half of fiscal year 2020.&#8221;
    </p>
    <p>
      <b>Second Fiscal Quarter 2020 Outlook</b>
    </p>
    <p>
      Both the GAAP and non-GAAP second fiscal quarter 2020 outlook below take
      into account the anticipated impact to the Company, based on its current
      estimates, of the recently announced export restrictions pertaining to
      Huawei and certain of its affiliates, imposed by the U.S. Department of
      Commerce. The Company is continuing to review and assess the impact of
      the export restrictions on its products and services, and is unable to
      predict the full impact such restrictions may have on its results of
      operations.
    </p>
    <p>
      <b>GAAP Second Fiscal Quarter 2020 Outlook</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales are expected to be in the range of $128.0 million to $142.0
        million
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP Gross margin is expected to be in the range of 61.6% to 62.2%
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP SG&amp;A expense is expected to be in the range of $37.4 million to
        $38.4 million
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP R&amp;D expense is expected to be in the range of $26.7 million to
        $27.7 million
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP Intangible amortization expense is expected to be approximately
        $3.9 million
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP Interest and other expense is expected to be approximately $1.6
        million
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP Effective tax rate is expected to be in the range of 16% to 18%
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP Earnings per diluted share are expected to be in the range of
        $0.11 to $0.20
      </li>
      <li style="margin-bottom: 10.0px">
        Fully-diluted share count is expected to be approximately 68.0 million
        shares
      </li>
      <li style="margin-bottom: 10.0px">
        Share-based compensation is expected to be approximately $11.3
        million, categorized as follows: $0.4 million cost of sales, $8.4
        million SG&amp;A, and $2.5 million R&amp;D
      </li>
      <li style="margin-bottom: 10.0px">
        Capital expenditures are expected to be approximately $7.0 million
      </li>
      <li style="margin-bottom: 10.0px">
        Depreciation expense is expected to be approximately $5.9 million
      </li>
    </ul>
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    </div>
    <p>
      <b>Non-GAAP Second Fiscal Quarter 2020 Outlook </b><i>(see the list of
      non-GAAP items and the reconciliation of these to the most comparable
      GAAP items set forth in the tables below)</i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Non-GAAP Gross margin is expected to be in the range of 61.9% to 62.5%
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP SG&amp;A expense is expected to be in the range of $28.0 million
        to $29.0 million
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP R&amp;D expense is expected to be in the range of $24.0 million
        to $25.0 million
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP Interest and other expense is expected to be approximately
        $1.6 million
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP Effective tax rate is expected to be in the range of 15% to
        17%
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP Earnings per diluted share are expected to be in the range of
        $0.32 to $0.40
      </li>
    </ul>
    <p>
      <b>Webcast and Conference Call</b>
    </p>
    <p>
      Semtech will be hosting a conference call today to discuss its first
      fiscal quarter 2020 results at 2:00 p.m. Pacific time. An audio webcast
      will be available on Semtech&#8217;s website at <u>www.semtech.com</u>
      in the &#8220;Investor Relations&#8221; section under &#8220;Investor News.&#8221; A replay of
      the call will be available through June 29, 2019 at the same website or
      by calling (855) 859-2056 and entering conference ID 7237419.
    </p>
    <p>
      <b>Non-GAAP Financial Measures</b>
    </p>
    <p>
      To supplement the Company's consolidated financial statements prepared
      in accordance with GAAP, this release includes a presentation of select
      non-GAAP metrics. The Company's measure of free cash flow is calculated
      as cash flow from operations less net capital expenditures. The
      Company&#8217;s non-GAAP measures of gross margin, SG&amp;A expenses, R&amp;D
      expenses, operating margin, effective tax rate, net income and earnings
      per diluted share exclude the following items, if any:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Share-based compensation
      </li>
      <li style="margin-bottom: 10.0px">
        Amortization of purchased intangibles and impairments
      </li>
      <li style="margin-bottom: 10.0px">
        Restructuring, transaction and other acquisition or
        disposition-related expenses and gains on dispositions
      </li>
      <li style="margin-bottom: 10.0px">
        Litigation expenses or dispute settlement charges or gains
      </li>
      <li style="margin-bottom: 10.0px">
        Environmental reserves
      </li>
      <li style="margin-bottom: 10.0px">
        Equity in net gains or losses of equity method investments
      </li>
    </ul>
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    <p>
      To provide additional insight into the Company's second quarter outlook,
      this release also includes a presentation of forward-looking non-GAAP
      measures. Management believes that the presentation of these non-GAAP
      financial measures provide useful information to investors regarding the
      Company&#8217;s financial condition and results of operations because these
      non-GAAP financial measures are adjusted to exclude the items identified
      above because such items are either operating expenses which would not
      otherwise have been incurred by the Company in the normal course of the
      Company&#8217;s business operations or are not reflective of the Company&#8217;s
      core results over time. These excluded items may include recurring as
      well as non-recurring items, and no inference should be made that all of
      these adjustments, charges, costs or expenses are unusual, infrequent or
      non-recurring. For example: certain restructuring and
      integration-related expenses (which consist of employee termination
      costs, facility closure or lease termination costs, and contract
      termination costs) may be considered recurring given the Company&#8217;s
      ongoing efforts to be more cost effective and efficient; certain
      acquisition and disposition-related adjustments or expenses may be
      deemed recurring given the Company's regular evaluation of potential
      transactions and investments; and certain litigation expenses or dispute
      settlement charges or gains (which may include estimated losses for
      which we may have established a reserve, as well as any actual
      settlements, judgments, or other resolutions against, or in favor of,
      the Company related to litigation, arbitration, disputes or similar
      matters, and insurance recoveries received by the Company related to
      such matters) may be viewed as recurring given that the Company may from
      time to time be involved in, and may resolve, litigation, arbitration,
      disputes, and similar matters.
    </p>
    <p>
      Notwithstanding that certain adjustments, charges, costs or expenses may
      be considered recurring, in order to provide meaningful comparisons, the
      Company believes that it is appropriate to exclude such items because
      they are not reflective of the Company's core results and tend to vary
      based on timing, frequency and magnitude.
    </p>
    <p>
      As noted in its first quarter fiscal year 2019 earnings release, the
      Company is no longer adjusting prior-period non-GAAP performance metrics
      of net sales and gross margin to exclude the cost of the Comcast Warrant
      as the Comcast Warrant was fully vested in the first quarter of fiscal
      year 2019. Accordingly, the Company&#8217;s non-GAAP performance previously
      reported for the first quarter of fiscal year 2019 will not be
      comparable to the period presented in the tables below. The Company in
      previous periods had excluded the recognized cost of the Comcast Warrant
      from non-GAAP net sales and non-GAAP gross margin because the cost
      related to a non-routine, non-cash equity award that was provided to
      Comcast as an incentive to deploy a network based on technology
      developed by the Company and because the Comcast Warrant would not have
      had an ongoing impact on revenues in future periods.
    </p>
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    </div>
    <p>
      These non-GAAP financial measures are provided to enhance the user's
      overall understanding of the Company's comparable financial performance
      between periods. In addition, the Company&#8217;s management generally
      excludes the items noted above when managing and evaluating the
      performance of the business. The financial statements provided with this
      release include reconciliations of these non-GAAP measures to their most
      comparable GAAP measures for the first and fourth quarters of fiscal
      year 2019 and first quarter of fiscal year 2020, along with a
      reconciliation of forward-looking non-GAAP measures (other than the
      non-GAAP effective tax rate) to their most comparable GAAP measures for
      the second quarter of fiscal year 2020. The Company is unable to include
      a reconciliation of the forward-looking non-GAAP measure<i><b> </b></i>of
      the non-GAAP effective tax rate to the corresponding GAAP measure as
      this is not available without unreasonable efforts due to the high
      variability and low visibility with respect to the charges that are
      excluded from this non-GAAP measure. We expect the variability of the
      above charges to have a potentially significant impact on our GAAP
      financial results. These additional non-GAAP financial measures should
      not be considered substitutes for any measures derived in accordance
      with GAAP and may be inconsistent with similar measures presented by
      other companies.
    </p>
    <p>
      <b>Forward-Looking and Cautionary Statements</b>
    </p>
    <p>
      This press release contains &#8220;forward-looking statements&#8221; within the
      meaning of the &#8220;safe harbor&#8221; provisions of the Private Securities
      Litigation Reform Act of 1995, as amended, based on the Company&#8217;s
      current expectations, estimates and projections about its operations,
      industry, financial condition, performance, results of operations, and
      liquidity. Forward-looking statements are statements other than
      historical information or statements of current condition and relate to
      matters such as future financial performance including the second
      quarter of fiscal year 2020 outlook, the Company&#8217;s expectations
      concerning the negative impact on the Company&#8217;s results of operations
      from its inability to ship certain products and provide certain support
      services due to the export restrictions related to Huawei, future
      operational performance, the anticipated impact of specific items on
      future earnings, and the Company&#8217;s plans, objectives and expectations.
      Statements containing words such as &#8220;may,&#8221; &#8220;believes,&#8221; &#8220;anticipates,&#8221;
      &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;projects,&#8221; &#8220;estimates,&#8221; &#8220;should,&#8221;
      &#8220;will,&#8221; &#8220;designed to,&#8221; &#8220;projections,&#8221; or &#8220;business outlook,&#8221; or other
      similar expressions constitute forward-looking statements.
    </p>
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    <p>
      Forward-looking statements involve known and unknown risks and
      uncertainties that could cause actual results and events to differ
      materially from those projected. Potential factors that could cause
      actual results to differ materially from those in the forward-looking
      statements include, but are not limited to: the Company's ability to
      manage expenses to achieve anticipated shifts in demand among target
      customers, and other comparable changes or protracted weakness in
      projected or anticipated markets; competitive changes in the marketplace
      including, but not limited to, the pace of growth or adoption rates of
      applicable products or technologies; export restrictions and laws
      affecting the Company's trade and investments including the adoption and
      expansion of trade restrictions including with respect to Huawei, and
      tariffs or the occurrence of trade wars; changes in the legal
      requirements related to the sale of our products, including developments
      regarding the restrictions on future shipments with respect to Huawei;
      shifts in focus among target customers, and other comparable changes in
      projected or anticipated end-user markets; the Company&#8217;s ability to
      forecast its effective tax rates due to changing income in higher or
      lower tax jurisdictions and other factors that contribute to the
      volatility of the Company&#8217;s effective tax rates and impact anticipated
      tax benefits; the Company&#8217;s ability to integrate its acquisitions and
      realize expected synergies and benefits from its acquisitions and
      dispositions; the continuation and/or pace of key trends considered to
      be main contributors to the Company's growth, such as demand for
      increased network bandwidth and connectivity, demand for increasing
      energy efficiency in the Company's products or end-use applications of
      the products, and demand for increasing miniaturization of electronic
      components; adequate supply of components and materials from the
      Company&#8217;s suppliers, to include disruptions due to natural causes or
      disasters, weather, or other extraordinary events; the Company's ability
      to forecast and achieve anticipated net sales and earnings estimates in
      light of periodic economic uncertainty, to include impacts arising from
      European, Asian and global economic dynamics; and the amount and timing
      of expenditures for capital equipment. Additionally, forward-looking
      statements should be considered in conjunction with the cautionary
      statements contained in the risk factors disclosed in the Company's
      Annual Report on Form 10-K for the fiscal year ended January 27, 2019,
      subsequent Quarterly Reports on Form 10-Q, and other filings with the
      Securities and Exchange Commission, and in material incorporated
      therein, including, without limitation, information under the captions
      &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results
      of Operations&#8221; and &#8220;Risk Factors.&#8221; In light of the significant risks and
      uncertainties inherent in the forward-looking information included
      herein that may cause actual performance and results to differ
      materially from those predicted, any such forward-looking information
      should not be regarded as representations or guarantees by the Company
      of future performance or results, or that its objectives or plans will
      be achieved or that any of its operating expectations or financial
      forecasts will be realized. Reported results should not be considered an
      indication of future performance. Investors are cautioned not to place
      undue reliance on any forward-looking information contained herein,
      which reflect management&#8217;s analysis only as of the date hereof. Except
      as required by law, the Company assumes no obligation to publicly
      release the results of any update or revision to any forward-looking
      statements that may be made to reflect new information, events or
      circumstances after the date hereof or to reflect the occurrence of
      unanticipated or future events, or otherwise.
    </p>
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    </div>
    <p>
      <i><b>About Semtech</b></i>
    </p>
    <p>
      Semtech Corporation is a leading supplier of high performance analog,
      mixed-signal semiconductors and advanced algorithms for high-end
      consumer, enterprise computing, communications and industrial equipment.
      Products are designed to benefit the engineering community as well as
      the global community. The Company is dedicated to reducing the impact
      it, and its products, have on the environment. Internal green programs
      seek to reduce waste through material and manufacturing control, use of
      green technology and designing for resource reduction. Publicly traded
      since 1967, Semtech is listed on the NASDAQ Global Select Market under
      the symbol SMTC. For more information, visit <u>http://www.semtech.com</u>.
    </p>
    <p>
      Semtech, the Semtech logo and LoRa are registered trademarks or service
      marks of Semtech Corporation or its subsidiaries.
    </p>
    <p>
      SMTC-F
    </p>
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          <b>SEMTECH CORPORATION</b>
        </td>
      </tr>
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        <td style="text-align: center; padding-left: 0.0px" colspan="13" valign="top">
          <b>CONDENSED CONSOLIDATED STATEMENTS OF INCOME</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="13" valign="top">
          (Amounts in thousands - except per share amount)
        </td>
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        <td colspan="13">
          &#160;
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          &#160;
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          <b>Three Months Ended</b>
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          <b>April 28,</b>
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          &#160;
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          <b>January 27</b>
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          &#160;
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          <b>April 29</b>
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        <td>

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          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q120</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q419</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q119</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Net sales</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>131,354</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>160,006</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>130,429</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Cost of sales
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          50,079
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          61,139
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          58,960
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Gross profit</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>81,275</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>98,867</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>71,469</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Operating costs and expenses:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          38,377
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          36,875
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          41,406
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Product development and engineering
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          27,099
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          28,493
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          26,199
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Intangible amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          5,143
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          6,728
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          6,961
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Changes in the fair value of contingent earn-out obligations
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (2,161
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Total operating costs and expenses
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          68,458
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          72,096
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          74,566
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Operating income (loss)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>12,817</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>26,771</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>(3,097</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Interest expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (2,467
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (2,457
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (2,190
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Non-operating income, net
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          1,043
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          1,909
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          190
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Income (loss) before taxes and equity in net losses of equity
          method investments</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>11,393</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>26,223</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>(5,097</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          (Benefit) provision for taxes
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (2,312
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          12,798
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (17,510
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Net income before equity in net losses of equity method
          investments</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>13,705</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>13,425</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>12,413</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Equity in net losses of equity method investments
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (411
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (85
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (31
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>13,294</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>13,340</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>12,382</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Earnings per share:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Basic
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.19
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Diluted
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.18
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Weighted average number of shares used in computing earnings per
          share:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          66,105
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          65,525
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          66,324
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          67,976
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          68,165
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          68,195
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="7" valign="top">
          <b>SEMTECH CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="7" valign="top">
          <b>CONDENSED CONSOLIDATED BALANCE SHEETS</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="7" valign="top">
          (Amounts in thousands)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="2" valign="top">
          <b>April 28,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="2" valign="top">
          <b>January 27,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="2" valign="bottom">
          <b>2019</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="2" valign="bottom">
          <b>2019</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="2" valign="top">
          <b>(Unaudited)</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>ASSETS</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Current assets:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          287,302
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          312,120
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          66,459
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          79,223
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          73,480
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          63,679
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Prepaid taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          11,186
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          8,406
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          18,620
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          21,876
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          457,047
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          485,304
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Non-current assets:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Property, plant and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          126,169
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          118,488
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Deferred tax assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          14,365
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          14,362
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Goodwill
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          351,141
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          351,141
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Other intangible assets, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          31,415
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          36,558
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          73,273
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          57,028
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px; padding-bottom: 4.0px" valign="top">
          <b>Total assets</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>1,053,410</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>1,062,881</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>LIABILITIES AND STOCKHOLDERS' EQUITY</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Current liabilities:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Accounts payable
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          40,713
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          43,183
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Accrued liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          39,394
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          65,023
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Deferred revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          4,942
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          3,439
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Current portion, long term debt
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          18,281
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          18,269
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          103,330
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          129,914
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Non-current liabilities:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Deferred tax liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          3,646
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          3,363
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Long term debt, less current portion
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          188,270
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          192,845
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Other long-term liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          62,938
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          54,078
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Stockholders&#8217; equity
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          695,226
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          682,681
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px; padding-bottom: 4.0px" valign="top">
          <b>Total liabilities &amp; stockholders' equity</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>1,053,410</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>1,062,881</b>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="13" valign="top">
          <b>SEMTECH CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="13" valign="top">
          <b>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS AND SUPPLEMENTAL
          INFORMATION</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="13" valign="top">
          (Amounts in thousands)
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="7" valign="top">
          <b>Three Months Ended</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 28,</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 29</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <b>(Unaudited)</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>13,294</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>12,382</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Net cash provided by operating activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            6,741
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          35,029
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Net cash used in investing activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (15,770
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (8,797
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Net cash used in financing activities
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (15,789
          </p>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (30,806
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Net decrease in cash and cash equivalents</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>(24,818</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>(4,574</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Cash and cash equivalents at beginning of period
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          312,120
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          307,923
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Cash and cash equivalents at end of period</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>287,302</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>303,349</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="11" valign="top">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 28,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>January 27</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 29</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q120</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q419</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q119</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <b>(Unaudited)</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <b>(Unaudited)</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Free Cash Flow:</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Cash Flow from Operations
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            6,741
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          47,198
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          35,029
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Net Capital Expenditures
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (15,258
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (4,124
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (4,935
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Free Cash Flow:</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(8,517</b>
          </p>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>43,074</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>30,094</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="13" valign="top">
          <b>SEMTECH CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="13" valign="top">
          <b>SUPPLEMENTAL INFORMATION: RECONCILIATION OF GAAP TO NON-GAAP
          RESULTS</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="13" valign="top">
          (Amounts in thousands - except per share amounts)
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="11" valign="top">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 28,</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>January 27</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 29</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q120</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q419</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q119</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Gross Margin- GAAP</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>61.9</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>61.8</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>54.8</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Share-based compensation
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.3
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.3
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.3
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Adjusted Gross Margin (Non-GAAP)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>62.2</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>62.1</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>55.1</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="11" valign="top">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 28,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>January 27</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 29</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q120</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q419</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q119</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Selling, general and administrative- GAAP</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>38,377</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>36,875</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>41,406</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Share-based compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (8,344
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (10,264
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (11,462
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Transaction and integration related
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (1,249
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (41
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (233
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Environmental and other reserves and charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (140
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (252
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (346
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Litigation cost net of recoveries
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          74
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          575
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (559
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Adjusted selling, general and administrative (Non-GAAP)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>28,718</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>26,893</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>28,806</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="11" valign="top">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 28,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>January 27</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 29</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q120</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q419</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q119</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Product development and engineering- GAAP</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>27,099</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>28,493</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>26,199</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Share-based compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (2,557
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (2,121
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (2,225
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Transaction and integration related
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (186
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (186
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (294
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Adjusted product development and engineering (Non-GAAP)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>24,356</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>26,186</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>23,680</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="11" valign="top">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 28,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>January 27</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 29</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q120</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q419</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q119</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Operating Margin- GAAP</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>9.8</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>16.7</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>-2.4</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Share-based compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          8.6
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          8.1
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          10.7
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Intangible amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          3.9
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          4.2
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          5.3
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Transaction and integration related
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          1.1
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.1
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.5
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Environmental and other reserves and charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.1
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.2
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.3
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Litigation cost net of recoveries
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          -0.1
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          -0.4
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.4
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Changes in the fair value of contingent earn-out obligations
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          -1.6
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.0
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.0
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Adjusted Operating Margin (Non-GAAP)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>21.8</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>28.9</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>14.8</b>
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="11" valign="top">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 28,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>January 27</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 29</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q120</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q419</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q119</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>GAAP net income</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>13,294</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>13,340</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>12,382</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Adjustments to GAAP net income:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Share-based compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          11,328
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          12,913
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          14,015
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Intangible amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          5,143
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          6,728
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          6,961
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Transaction and integration related
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          1,435
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          226
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          527
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Environmental and other reserves and charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          140
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          252
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          346
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Litigation cost net of recoveries
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (74
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (575
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          559
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Changes in the fair value of contingent earn-out obligations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (2,161
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Investment gain
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (1,288
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Total Non-GAAP adjustments before taxes</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>15,811</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>18,256</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>22,408</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Associated tax effect
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (6,504
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          5,867
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (20,654
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Equity in net losses of equity method investments
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          411
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          85
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          31
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Total of supplemental information net of taxes
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          9,718
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          24,208
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          1,785
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Non-GAAP net income</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>23,012</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>37,548</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>14,167</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Diluted GAAP earnings per share</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>0.20</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>0.20</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>0.18</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Adjustments per above
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>0.14</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>0.35</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>0.03</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Diluted non-GAAP earnings per share</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>0.34</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>0.55</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>0.21</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="11" valign="top">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 28,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>January 27</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="3" valign="top">
          <b>April 29</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2019</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q120</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q419</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3" valign="top">
          <b>Q119</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Comcast Warrant*</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Impact on Net Sales
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (21,501
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Associated tax effect
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          3,678
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Impact on EPS
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (0.26
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="13" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            *In consideration of discussions held with the Securities and
            Exchange Commission we will no longer adjust net sales for the
            impact of the Warrant for any comparable historical periods
            presented. The Company will instead provide GAAP net sales for
            historical periods presented and will separately disclose the
            impact of the Warrant on the financial statement line items
            impacted by the Warrant.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <b>SEMTECH CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <b>RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <b>Second Quarter of Fiscal Year 2020 Outlook</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          (Amounts in thousands - except per share amounts)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="7" valign="top">
          <b>Q2 FY20 Outlook</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" colspan="7" valign="top">
          <b>July 28,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" colspan="7" valign="bottom">
          <b>2019</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Low</b></u>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>High</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Gross Margin- GAAP</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          61.6
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          62.2
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Share-based compensation
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.3
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.3
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Adjusted Gross Margin (Non-GAAP)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          61.9
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          62.5
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Low</b></u>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>High</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Selling, general and administrative- GAAP</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>37.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>38.4</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Share-based compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (8.4
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (8.4
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Transaction and integration related
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (1.0
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (1.0
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Adjusted selling, general and administrative (Non-GAAP)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>28.0</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>29.0</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Low</b></u>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>High</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Product development and engineering- GAAP</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>26.7</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>27.7</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Share-based compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (2.5
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          (2.5
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Transaction and integration related
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.2
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.2
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Adjusted product development and engineering (Non-GAAP)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>24.0</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>25.0</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Low</b></u>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>High</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Diluted GAAP earnings per share</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>0.11</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <b>0.20</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Share-based compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.17
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.17
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Transaction, restructuring, and acquisition related expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.02
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.02
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Amortization of acquired intangibles
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.06
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          0.06
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px" valign="top">
          Associated Tax Effect
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.04
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.05
        </td>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          <b>Diluted adjusted earnings per share (Non-GAAP)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>0.32</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; white-space: nowrap; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <b>0.40</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Sandy Harrison<br>Semtech Corporation<br>(805) 480-2004<br><u>webir@semtech.com</u>
    </p>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
