Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
| EX-99.7 - RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME - PHOTRONICS INC | exhibit99-7.htm |
| EX-99.1 - PRESS RELEASE DATED MAY 18, 2015 - PHOTRONICS INC | exhibit99-1.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 |
PHOTRONICS, INC. AND
SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Financial
Information
(in thousands,
except per share data)
(Unaudited)
| Three Months Ended | Six Months Ended | |||||||||||||
| May 3, | May 4, | May 3, | May 4, | |||||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||||||
| Reconciliation of GAAP to Non-GAAP Net Income | ||||||||||||||
| Attributable to Photronics, Inc. Shareholders | ||||||||||||||
| GAAP net income attributable to Photronics, Inc. shareholders | $ | 10,060 | $ | 15,540 | $ | 13,897 | $ | 17,533 | ||||||
| (a) Financing expenses, net of tax | - | - | 901 | - | ||||||||||
| (b) Gain on acquisition, net of tax | - | (16,372 | ) | - | (16,372 | ) | ||||||||
| (c) Acquisition transaction expenses, net of tax | - | 2,018 | - | 2,455 | ||||||||||
| Non-GAAP net income attributable to Photronics, Inc. shareholders | $ | 10,060 | $ | 1,186 | $ | 14,798 | $ | 3,616 | ||||||
| Reconciliation of GAAP to Non-GAAP Net Income | ||||||||||||||
| Applicable to Common Shareholders | ||||||||||||||
| Weighted average number of diluted shares outstanding | ||||||||||||||
| GAAP | 78,228 | 77,705 | 72,624 | 77,632 | ||||||||||
| Non-GAAP | 78,228 | 62,282 | 78,166 | 62,209 | ||||||||||
| Net income per diluted share | ||||||||||||||
| GAAP | $ | 0.14 | $ | 0.22 | $ | 0.21 | $ | 0.27 | ||||||
| Non-GAAP | $ | 0.14 | $ | 0.02 | $ | 0.22 | $ | 0.06 | ||||||
| (a) | Represents financing expenses related to the exchange of $57.5 million of 3.25% convertible senior notes, recorded in other expense, net | |
| (b) | Represents gain on acquisition of DNP Photomask Technology Taiwan Co., Ltd (DPTT), a wholly-owned subsidiary of Dai Nippon Printing Co., Ltd. | |
| (c) | Represents transaction expenses in connection with the acquisition of DPTT | |