Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE DATED AUGUST 18, 2015 - PHOTRONICS INC | exhibit99-1.htm |
| EX-99.5 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INC | exhibit99-5.htm |
| EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - PHOTRONICS INC | exhibit99-2.htm |
| EX-99.4 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INC | exhibit99-4.htm |
| EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibit99-3.htm |
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
| EX-99.7 - RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME - PHOTRONICS INC | exhibit99-7.htm |
PHOTRONICS, INC. AND
SUBSIDIARIES
Non-GAAP Financial Measure
Reconciliation of GAAP Net Income to Non-GAAP
EBITDA
(in thousands)
(Unaudited)
| Three Months Ended | Nine Months Ended | ||||||||||||
| August 2, | August 3, | August 2, | August 3, | ||||||||||
| 2015 | 2014 | 2015 | 2014 | ||||||||||
| GAAP Net Income (a) | $ | 15,410 | $ | 7,344 | $ | 34,709 | $ | 25,336 | |||||
| Add: interest expense | 1,209 | 1,809 | 3,813 | 5,609 | |||||||||
| Add: income tax expense | 3,390 | 2,545 | 7,775 | 7,291 | |||||||||
| Add: depreciation and amortization | 20,976 | 21,292 | 60,876 | 57,264 | |||||||||
| Add (less): special items (b) | 948 | 981 | 3,685 | (10,787 | ) | ||||||||
| Non-GAAP EBITDA | $ | 41,933 | $ | 33,971 | $ | 110,858 | $ | 84,713 | |||||
| (a) | Includes net income attributable to noncontrolling interests. |
| (b) | Special items consist of stock compensation expense, and in 2015 financing expenses in connection with the exchange of $57.5 million of 3.25% convertible senior notes, and in 2014 noncash gain on acquisition of DNP Photomask Technology Taiwan, Co., Ltd., a wholly-owned subsidiary of Dai Nippon Printing Co., Ltd., and related acquisition transaction expenses. |