Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
| EX-99.1 - PRESS RELEASE DATED DECEMBER 8, 2014 - PHOTRONICS INC | exhibit99-1.htm |
| EX-99.6 - RECONCILIATION OF GAAP NET INCOME TO EBITDA - PHOTRONICS INC | exhibit99-6.htm |
| EX-99.7 - RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME - PHOTRONICS INC | exhibit99-7.htm |
| EX-99.4 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INC | exhibit99-4.htm |
| EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - PHOTRONICS INC | exhibit99-2.htm |
| EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibit99-3.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 | |||||||||||
| November 2, | November 3, | November 2, | November 3, | |||||||||
| 2014 | 2013 | 2014 | 2013 | |||||||||
| Reconciliation of GAAP to Non-GAAP Net Income | ||||||||||||
| Attributable to Photronics, Inc. Shareholders | ||||||||||||
| GAAP net income attributable to Photronics, Inc. shareholders | $ | 4,277 | $ | 4,840 | $ | 25,996 | $ | 17,966 | ||||
| (a) Gain on acquisition, net of tax | - | - | (16,372 | ) | - | |||||||
| (b) Acquisition transaction expenses, net of tax | - | 773 | 2,455 | 773 | ||||||||
| Non-GAAP net income attributable to Photronics, Inc. shareholders | $ | 4,277 | $ | 5,613 | $ | 12,079 | $ | 18,739 | ||||
| Reconciliation of GAAP to Non-GAAP Net Income | ||||||||||||
| Applicable to Common Shareholders | ||||||||||||
| Weighted average number of diluted shares outstanding | ||||||||||||
| GAAP | 64,085 | 61,962 | 66,679 | 61,599 | ||||||||
| Non-GAAP | 64,085 | 61,962 | 62,734 | 61,599 | ||||||||
| Net income per diluted share | ||||||||||||
| GAAP | $ | 0.07 | $ | 0.08 | $ | 0.41 | $ | 0.29 | ||||
| Non-GAAP | $ | 0.07 | $ | 0.09 | $ | 0.19 | $ | 0.30 | ||||
| (a) | Represents gain on acquisition of DNP Photomask Technology Taiwan Co., Ltd (DPTT), a wholly-owned subsidiary of Dai Nippon Printing Co., Ltd | |
| (b) | Represents transaction expenses in connection with the acquisition of DPTT. | |