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-99.1 - PRESS RELEASE DATED DECEMBER 4, 2012 - PHOTRONICS INC | exhibit99-1.htm |
| EX-99.2 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INC | exhibit99-2.htm |
| EX-99.5 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INC | exhibit99-5.htm |
PHOTRONICS, INC. AND
SUBSIDIARIES
Condensed Consolidated Statements of
Income
(in thousands, except per share
amounts)
| Three Months Ended | Year Ended | |||||||||||||||
| October 28, | October 30, | October 28, | October 30, | |||||||||||||
| 2012 | 2011 | 2012 | 2011 | |||||||||||||
| Net sales | $ | 104,219 |
$ |
122,159 |
$ | 450,439 | $ | 512,020 | ||||||||
| Costs and expenses: | ||||||||||||||||
| Cost of sales | (79,922 | ) |
(91,266 |
) | (338,519 | ) | (375,806 | ) | ||||||||
| Selling, general and administrative | (11,396 | ) |
(11,245 |
) | (46,706 | ) | (45,240 | ) | ||||||||
| Research and development | (5,264 | ) | (4,269 | ) | (19,371 | ) | (15,507 | ) | ||||||||
| Consolidation, restructuring and related charges | (246 | ) |
- |
(1,428 | ) |
- |
||||||||||
| Operating income | 7,391 | 15,379 | 44,415 | 75,467 | ||||||||||||
| Debt extinguishment loss |
- |
- |
- |
(35,259 | ) | |||||||||||
| Other expense, net | (1,623 | ) | (2,290 | ) | (3,767 | ) | (4,309 | ) | ||||||||
| Income before income taxes | 5,768 | 13,089 | 40,648 | 35,899 | ||||||||||||
| Income tax provision | (1,551 | ) | (4,054 | ) | (10,793 | ) | (15,691 | ) | ||||||||
| Net income | 4,217 | 9,035 | 29,855 | 20,208 | ||||||||||||
| Net (income) loss attributable to noncontrolling interests | (384 | ) | 256 | (1,987 | ) | (3,979 | ) | |||||||||
| Net income attributable to Photronics, Inc. | $ | 3,833 | $ | 9,291 | $ | 27,868 | $ | 16,229 | ||||||||
| Earnings per share: | ||||||||||||||||
| Basic | $ | 0.06 | $ | 0.16 | $ | 0.46 | $ | 0.28 | ||||||||
| Diluted | $ | 0.06 | $ | 0.14 | $ | 0.44 | $ | 0.28 | ||||||||
| Weighted-average number of common shares outstanding | ||||||||||||||||
| Basic | 60,196 | 59,629 | 60,055 | 57,030 | ||||||||||||
| Diluted | 61,052 | 76,259 | 76,464 | 58,458 | ||||||||||||