Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE DATED DECEMBER 6, 2010 - PHOTRONICS INC | exhibits99-1.htm |
| EX-99.5 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INC | exhibits99-5.htm |
| EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibits99-3.htm |
| EX-99.4 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INC | exhibits99-4.htm |
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronicsinc_8k.htm |
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended | Year Ended | |||||||||||||||
| October 31, | November 1, | October 31, | November 1, | |||||||||||||
| 2010 | 2009 | 2010 | 2009 | |||||||||||||
| Net sales | $ | 110,036 | $ | 94,677 | $ | 425,554 | $ | 361,353 | ||||||||
| Costs and expenses: | ||||||||||||||||
| Cost of sales | (84,760 | ) | (77,660 | ) | (333,739 | ) | (304,282 | ) | ||||||||
| Selling, general and administrative | (10,300 | ) | (10,166 | ) | (42,387 | ) | (41,162 | ) | ||||||||
| Research and development | (3,949 | ) | (3,768 | ) | (14,932 | ) | (15,423 | ) | ||||||||
| Consolidation, restructuring and related (charges) credits | 168 | (811 | ) | 4,979 | (13,557 | ) | ||||||||||
| Impairment of long-lived assets | - | - | - | (1,458 | ) | |||||||||||
| Gain on sale of facility | - | 2,034 | - | 2,034 | ||||||||||||
| Operating income (loss) | 11,195 | 4,306 | 39,475 | (12,495 | ) | |||||||||||
| Other expense, net | (1,052 | ) | (1,765 | ) | (6,922 | ) | (24,609 | ) | ||||||||
| Income (loss) before income taxes | 10,143 | 2,541 | 32,553 | (37,104 | ) | |||||||||||
| Income tax provision | (1,682 | ) | (1,398 | ) | (7,471 | ) | (4,323 | ) | ||||||||
| Net income (loss) | 8,461 | 1,143 | 25,082 | (41,427 | ) | |||||||||||
| Net (income) loss attributable to noncontrolling interests | (317 | ) | 98 | (1,160 | ) | (483 | ) | |||||||||
| Net income (loss) attributable to Photronics, Inc. | $ | 8,144 | $ | 1,241 | $ | 23,922 | $ | (41,910 | ) | |||||||
| Earnings (loss) per share: | ||||||||||||||||
| Basic | $ | 0.15 | $ | 0.03 | $ | 0.45 | $ | (0.97 | ) | |||||||
| Diluted | $ | 0.14 | $ | (0.11 | ) | $ | 0.43 | $ | (0.97 | ) | ||||||
| Weighted-average number of common shares outstanding | ||||||||||||||||
| Basic | 53,710 | 47,522 | 53,433 | 43,210 | ||||||||||||
| Diluted | 66,145 | 48,907 | 65,803 | 43,210 | ||||||||||||