Attached files
file | filename |
---|---|
8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - PHOTRONICS INC | exhibit99-2.htm |
EX-99.4 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INC | exhibit99-4.htm |
EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibit99-3.htm |
EX-99.6 - RECONCILIATION OF GAAP NET INCOME TO EBITDA - PHOTRONICS INC | exhibit99-6.htm |
EX-99.1 - PRESS RELEASE DATED AUGUST 19, 2014 - PHOTRONICS INC | exhibit99-1.htm |
EX-99.7 - RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME - PHOTRONICS INC | exhibit99-7.htm |
PHOTRONICS, INC. AND
SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Financial
Information
(in thousands,
except per share data)
(Unaudited)
Three Months Ended | Nine Months Ended | ||||||||||||
August 3, | July 28, | August 3, | July 28, | ||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||
Reconciliation of GAAP to Non-GAAP Net Income | |||||||||||||
Attributable to Photronics, Inc. Shareholders | |||||||||||||
GAAP net income attributable to Photronics, Inc. shareholders | $ | 4,186 | $ | 5,940 | $ | 21,719 | $ | 13,126 | |||||
(a) Gain on acquisition, net of tax | - | - | (16,372 | ) | - | ||||||||
(b) Acquisition transaction expenses, net of tax | - | - | 2,455 | - | |||||||||
Non-GAAP net income attributable to Photronics, Inc. shareholders | $ | 4,186 | $ | 5,940 | $ | 7,802 | $ | 13,126 | |||||
Reconciliation of GAAP to Non-GAAP Net Income | |||||||||||||
Applicable to Common Shareholders | |||||||||||||
Weighted average number of diluted shares outstanding | |||||||||||||
GAAP | 62,432 | 66,177 | 77,706 | 61,478 | |||||||||
Non-GAAP | 62,432 | 66,177 | 62,283 | 61,478 | |||||||||
Net income per diluted share | |||||||||||||
GAAP | $ | 0.07 | $ | 0.10 | $ | 0.34 | $ | 0.21 | |||||
Non-GAAP | $ | 0.07 | $ | 0.10 | $ | 0.13 | $ | 0.21 |
(a) | Represents gain on acquisition of DNP Photomask Technology Taiwan Co., Ltd (DPTT), a wholly-owned subsidiary of Dai Nippon Printing Co., Ltd. | |
(b) | Represents transaction expenses in connection with the acquisition of DPTT |