Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
| EX-99.5 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INC | exhibit99-5.htm |
| EX-99.7 - RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME - PHOTRONICS INC | exhibit99-7.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 |
| EX-99.4 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INC | exhibit99-4.htm |
| EX-99.1 - PRESS RELEASE DATED FEBRUARY 17, 2015 - PHOTRONICS INC | exhibit99-1.htm |
PHOTRONICS, INC. AND
SUBSIDIARIES
Non-GAAP Financial Measure
Reconciliation of GAAP Net income to Non-GAAP EBITDA
(in
thousands)
(Unaudited)
| Three Months Ended | ||||||
| February 1, | February 2, | |||||
| 2015 | 2014 | |||||
| GAAP Net income (a) | $ | 7,142 | $ | 2,041 | ||
| Add: interest expense | 1,370 | 1,984 | ||||
| Add: income tax expense | 3,134 | 2,716 | ||||
| Add: depreciation and amortization | 20,607 | 17,422 | ||||
| Add: special items (b) | 1,826 | 1,542 | ||||
| Non-GAAP EBITDA | $ | 34,079 | $ | 25,705 | ||
| (a) | Includes net income attributable to noncontrolling interests. | |
| (b) | Special items consist of stock compensation expense, and in 2015 finance expenses in connection with the exchange of $57.5 million 3.25% convertible senior notes, and in 2014 transaction expenses in connection with the acquisition of DNP Photomask Technology Taiwan, Co., Ltd., a wholly-owned subsidiary of Dai Nippon Printing Co., Ltd. | |