Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
| EX-99.4 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibit99-4.htm |
| EX-99.6 - RECONCILIATION OF GAAP NET INCOME TO EBITDA - PHOTRONICS INC | exhibit99-6.htm |
| EX-99.3 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - PHOTRONICS INC | exhibit99-3.htm |
| EX-99.1 - PRESS RELEASE DATED DECEMBER 4, 2012 - PHOTRONICS INC | exhibit99-1.htm |
| EX-99.5 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INC | exhibit99-5.htm |
PHOTRONICS, INC. AND
SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Financial
Information
(in thousands, except per
share data)
(Unaudited)
| Three Months Ended | Year Ended | |||||||||||||
| October 28, | October 30, | October 28, | October 30, | |||||||||||
| 2012 | 2011 | 2012 | 2011 | |||||||||||
| Reconciliation of GAAP to Non-GAAP Net Income | ||||||||||||||
| Attributable to Photronics, Inc. | ||||||||||||||
| GAAP net income attributable to Photronics, Inc. | $ | 3,833 | $ | 9,291 | $ | 27,868 | $ | 16,229 | ||||||
| (a) Consolidation and restructuring charges, net of tax | 246 | - | 1,428 | - | ||||||||||
| (b) Impact of warrants, net of tax | - | (175 | ) | (94 | ) | 424 | ||||||||
| (c) Debt extinguishment loss and net interest impact, | ||||||||||||||
| net of tax | - | - | - | 35,486 | ||||||||||
| Non-GAAP net income attributable to Photronics, Inc. | $ | 4,079 | $ | 9,116 | $ | 29,202 | $ | 52,139 | ||||||
| Reconciliation of GAAP to Non-GAAP Net Income | ||||||||||||||
| Applicable to Common Shareholders | ||||||||||||||
| Weighted average number of diluted shares outstanding | ||||||||||||||
| GAAP | 61,052 | 76,259 | 76,464 | 58,458 | ||||||||||
| Non-GAAP | 61,052 | 76,082 | 76,445 | 71,940 | ||||||||||
| Net income per diluted share | ||||||||||||||
| GAAP | $ | 0.06 | $ | 0.14 | $ | 0.44 | $ | 0.28 | ||||||
| Non-GAAP | $ | 0.07 | $ | 0.14 | $ | 0.46 | $ | 0.80 | ||||||
| (a) | Represents consolidation and restructuring charges primarily related to restructuring in Singapore | |
| (b) | Represents financing expenses related to warrants, which are recorded in other expense, net. | |
| (c) | Represents extinguishment charges during the year ended October 30, 2011 related to the repurchase of $35.4 million of the Company's 5.50% convertible senior notes due in October 2014, and net interest impact on convertible transactions. | |