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-99.5 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INC | exhibit99-5.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
Non-GAAP Financial Measure
Reconciliation of GAAP Net Income
to EBITDA
(in
thousands)
(Unaudited)
| Three Months Ended | Nine Months Ended | ||||||||||||
| August 3, | July 28, | August 3, | July 28, | ||||||||||
| 2014 | 2013 | 2014 | 2013 | ||||||||||
| GAAP Net Income (a) | $ | 7,344 | $ | 6,364 | $ | 25,336 | $ | 14,665 | |||||
| Add: interest expense | 1,809 | 1,909 | 5,609 | 5,707 | |||||||||
| Add: income tax expense | 2,545 | 2,689 | 7,291 | 6,155 | |||||||||
| Add: depreciation and amortization | 21,292 | 17,212 | 57,264 | 53,954 | |||||||||
| Add (less): special items (b) | 981 | 993 | (10,787 | ) | 2,818 | ||||||||
| $ | 33,791 | $ | 29,167 | $ | 84,713 | $ | 83,299 | ||||||
| (a) | Includes net income attributable to noncontrolling interests. | |
| (b) | Special items consist of stock compensation expense, and in 2014 noncash gain on acquisition of DNP Photomask Technology Taiwan, Co., Ltd., a wholly-owned subsidiary of Dai Nippon Printing Co., Ltd., and related acquisition transaction expenses. | |