PHOTRONICS INC - FORM 8-K - EX-99.7 - RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME - December 9, 2014

Attached files

file filename
8-K - CURRENT REPORT - PHOTRONICS INCphotronics_8k.htm
EX-99.1 - PRESS RELEASE DATED DECEMBER 8, 2014 - PHOTRONICS INCexhibit99-1.htm
EX-99.6 - RECONCILIATION OF GAAP NET INCOME TO EBITDA - PHOTRONICS INCexhibit99-6.htm
EX-99.5 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INCexhibit99-5.htm
EX-99.4 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INCexhibit99-4.htm
EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - PHOTRONICS INCexhibit99-2.htm
EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INCexhibit99-3.htm

PHOTRONICS, INC. AND SUBSIDIARIES
Non-GAAP Financial Measure
Reconciliation of GAAP Operating Income to Non-GAAP Operating Income
(in thousands)
(Unaudited)

Three Months Ended Year Ended
November 2, November 3, November 2, November 3,
    2014     2013     2014     2013
$     % $     % $     % $     %
(b) (b) (b) (b)
GAAP Operating Income $    9,277    7.5 % $    7,369    7.0 % $    28,795    6.3 % $    30,669    7.3 %
       (a) Acquisition transaction expenses — — 773 0.7 2,455 0.6 773 0.1
 
Non-GAAP Operating Income $ 9,277 7.5 % $ 8,142 7.7 % $ 31,250 6.9 % $ 31,442 7.4 %

(a)        Represents transaction expenses in connection with the acquisition of DNP Photomask Technology Taiwan Co., Ltd., a wholly-owned subsidiary of Dai Nippon Printing Co., Ltd.
 
(b)   Represents percentage of net sales.

Stock widget

Investing forum

PHOTRONICS INC Reports