Attached files
file | filename |
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8-K - PHOTRONICS, INC. 8-K 8-18-2016 - PHOTRONICS INC | form8k.htm |
EX-99.6 - EXHIBIT 99.6 - PHOTRONICS INC | ex99_6.htm |
EX-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | ex99_4.htm |
EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | ex99_3.htm |
EX-99.2 - EXHIBIT 99.2 - PHOTRONICS INC | ex99_2.htm |
EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
Exhibit 99.5
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
|
|||||||||||||||
July 31,
2016
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August 2,
2015
|
July 31,
2016
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August 2,
2015
|
|||||||||||||
Reconciliation of GAAP to Non-GAAP Net Income Attributable to Photronics, Inc. Shareholders
|
||||||||||||||||
GAAP net income attributable to Photronics, Inc. shareholders
|
$
|
8,088
|
$
|
12,106
|
$
|
40,944
|
$
|
26,003
|
||||||||
(a) Income tax benefit
|
-
|
-
|
(3,004
|
)
|
-
|
|||||||||||
|
||||||||||||||||
(b) Gain on sale of investment, net of tax
|
-
|
-
|
(8,753
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)
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-
|
|||||||||||
|
||||||||||||||||
(c) Financing expenses, net of tax
|
-
|
-
|
-
|
901
|
||||||||||||
Non-GAAP net income attributable to Photronics, Inc. shareholders
|
$
|
8,088
|
$
|
12,106
|
$
|
29,187
|
$
|
26,904
|
||||||||
Reconciliation of GAAP to Non-GAAP Net Income Applicable to Common Shareholders
|
||||||||||||||||
Weighted average number of diluted shares outstanding
|
||||||||||||||||
GAAP
|
74,317
|
78,569
|
76,990
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78,300
|
||||||||||||
|
||||||||||||||||
Non-GAAP
|
74,317
|
78,569
|
76,990
|
78,300
|
||||||||||||
Net income per diluted share
|
||||||||||||||||
GAAP
|
$
|
0.12
|
$
|
0.17
|
$
|
0.56
|
$
|
0.37
|
||||||||
Non-GAAP
|
$
|
0.12
|
$
|
0.17
|
$
|
0.41
|
$
|
0.39
|
(a)
|
Represents one-time tax benefit primarily related to the recognition of prior period tax benefits and other tax positions no longer deemed necessary in Taiwan
|
(b)
|
Represents gain on sale of investment in a foreign entity
|
(c)
|
Represents financing expenses related to the exchange of $57.5 million of 3.25% convertible senior notes
|