PHOTRONICS INC - FORM 8-K - EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - February 18, 2015

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8-K - CURRENT REPORT - PHOTRONICS INCphotronics_8k.htm
EX-99.5 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INCexhibit99-5.htm
EX-99.6 - RECONCILIATION OF GAAP NET INCOME TO NON-GAAP EBITDA - PHOTRONICS INCexhibit99-6.htm
EX-99.7 - RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME - PHOTRONICS INCexhibit99-7.htm
EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INCexhibit99-3.htm
EX-99.4 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INCexhibit99-4.htm
EX-99.1 - PRESS RELEASE DATED FEBRUARY 17, 2015 - PHOTRONICS INCexhibit99-1.htm

PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)

Three Months Ended
      February 1,       February 2,
2015 2014
Net sales $      123,505 $      101,542
 
Costs and expenses:  
 
       Cost of sales (95,321 ) (78,660 )
 
       Selling, general and administrative (11,944 ) (12,278 )
 
       Research and development (4,681 ) (4,974 )
 
              Operating income 11,559 5,630
 
Other expense, net (1,283 ) (873 )
 
              Income before income taxes 10,276 4,757
 
Income tax provision (3,134 ) (2,716 )
 
              Net income 7,142 2,041
 
Net income attributable to noncontrolling interests (3,305 ) (48 )
 
Net income attributable to Photronics, Inc. shareholders $ 3,837 $ 1,993
 
Earnings per share:
              Basic $ 0.06 $ 0.03
 
              Diluted $ 0.06 $ 0.03
 
Weighted-average number of common shares outstanding:
              Basic 66,066 61,200
 
              Diluted 67,020 62,136

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