Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
| EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - PHOTRONICS INC | exhibit99-2.htm |
| EX-99.5 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INC | exhibit99-5.htm |
| EX-99.1 - PRESS RELEASE DATED FEBRUARY 18, 2014 - PHOTRONICS INC | exhibit99-1.htm |
| EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibit99-3.htm |
| EX-99.4 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INC | exhibit99-4.htm |
| EX-99.7 - RECONCILIATION OF NON-GAAP OPERATING MARGIN TO GAAP OPERATING INCOME - PHOTRONICS INC | exhibit99-7.htm |
PHOTRONICS, INC. AND
SUBSIDIARIES
Non-GAAP Financial Measure
Reconciliation of GAAP Net income
to EBITDA
(in
thousands)
(Unaudited)
| Three Months Ended | |||||
| February 2, | January 27, | ||||
| 2014 | 2013 | ||||
| GAAP Net income (a) | $ | 2,041 | $ | 2,859 | |
| Add: interest expense | 1,984 | 1,887 | |||
| Add: income tax expense | 2,716 | 1,742 | |||
| Add: depreciation and amortization | 17,422 | 18,783 | |||
| Add (less): special items (b) | 1,542 | 886 | |||
| EBITDA | $ | 25,705 | $ | 26,157 | |
| (a) | Includes net income attributable to noncontrolling interests. | |
| (b) | Special items consist of stock compensation expense, and in 2014 transaction expenses in connection with the pending joint venture. | |