Attached files
file | filename |
---|---|
8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
EX-99.1 - PRESS RELEASE DATED FEBRUARY 15, 2012 - PHOTRONICS INC | exhibit99-1.htm |
EX-99.6 - RECONCILIATION OF GAAP NET INCOME TO EBITDA - PHOTRONICS INC | exhibit99-6.htm |
EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibit99-3.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 |
PHOTRONICS, INC. AND
SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Financial
Information
(in thousands, except per
share data)
(Unaudited)
Three Months Ended | |||||||
January 29, | January 30, | ||||||
2012 | 2011 | ||||||
Reconciliation of GAAP to Non-GAAP Net Income | |||||||
Attributable to Photronics, Inc. | |||||||
GAAP net income attributable to Photronics, Inc. | $ | 4,268 | $ | 12,111 | |||
(a) Consolidation and restructuring charges, net of tax | 1,118 | - | |||||
(b) Impact of warrants, net of tax | (94 | ) | 75 | ||||
Non-GAAP net income attributable to Photronics, Inc. | $ | 5,292 | $ | 12,186 | |||
Reconciliation of GAAP to Non-GAAP Net Income | |||||||
Applicable to Common Shareholders | |||||||
Weighted average number of diluted shares outstanding | |||||||
GAAP | 60,930 | 66,411 | |||||
Non-GAAP | 60,856 | 66,411 | |||||
Net income per diluted share | |||||||
GAAP | $ | 0.07 | $ | 0.20 | |||
Non-GAAP | $ | 0.09 | $ | 0.20 |
(a) | Represents consolidation and restructuring charges primarily related to the announced restructuring in Singapore. | |
(b) | Represents financing expenses related to warrants, which are recorded in other income (expense), net. |