Company: CRUS
Filing Date: 2025-05-23
Form Type: 10-K
Source: 0000772406-25-000014
Chunk: 82

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-05-23
Form: 10-K
Item: Item 8
Chunk 82
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 — (850)(850)Issuance of stock under stock option plans and other, net of shares withheld for employee taxes699 1 3,331 (19,012)— (15,680)Repurchase and retirement of common stock(2,306)(3)— (187,324)— (187,327)Amortization of deferred stock compensation— — 87,231 — — 87,231 Balance, March 30, 202453,491 $53 $1,760,648 $58,916 $(2,603)$1,817,014 Net income— — — 331,507 — 331,507 Change in unrealized gain (loss) on marketable securities, net of tax— — — — 1,986 1,986 Change in foreign currency translation adjustments— — — — (566)(566)Issuance of stock under stock option plans and other, net of shares withheld for employee taxes1,124 1 15,435 (37,638)— (22,202)Repurchase and retirement of common stock(2,324)(2)— (262,434)— (262,436)Amortization of deferred stock compensation— — 84,146 — — 84,146 Balance, March 29, 202552,291 $52 $1,860,229 $90,351 $(1,183)$1,949,449 

The accompanying notes are an integral part of these financial statements.

46

CIRRUS LOGIC, INC. 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.    Description of Business

Description of BusinessCirrus Logic, Inc. (“Cirrus Logic,” “We,” “Us,” “Our,” or the “Company”) is a leader in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world’s top mobile and consumer applications.We were incorporated in California in 1984, became a public company in 1989, and were reincorporated in the State of Delaware in February 1999.  Our primary facility housing engineering, sales and marketing, and administration functions is located in Austin, Texas.  We also have offices in various other locations in the United States, United Kingdom, and Asia, including the People