Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE DATED DECEMBER 2, 2015 - PHOTRONICS INC | exhibit99-1.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-99.6 - RECONCILIATION OF GAAP NET INCOME TO NON-GAAP EBITDA - PHOTRONICS INC | exhibit99-6.htm |
| EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibit99-3.htm |
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.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 1, | November 2, | November 1, | November 2, | ||||||||||
| 2015 | 2014 | 2015 | 2014 | ||||||||||
| Reconciliation of GAAP to Non-GAAP Net Income | |||||||||||||
| Attributable to Photronics, Inc. Shareholders | |||||||||||||
| GAAP net income attributable to Photronics, Inc. shareholders | $ | 18,623 | $ | 4,277 | $ | 44,625 | $ | 25,996 | |||||
| (a) Financing expenses, net of tax | - | - | 901 | - | |||||||||
| (b) Gain on acquisition, net of tax | - | - | - | (16,372 | ) | ||||||||
| (c) Acquisition transaction expenses, net of tax | - | - | - | 2,455 | |||||||||
| Non-GAAP net income attributable to Photronics, Inc. shareholders | $ | 18,623 | $ | 4,277 | $ | 45,526 | $ | 12,079 | |||||
| Reconciliation of GAAP to Non-GAAP Net Income | |||||||||||||
| Applicable to Common Shareholders | |||||||||||||
| Weighted average number of diluted shares outstanding | |||||||||||||
| GAAP | 78,631 | 64,085 | 78,383 | 66,679 | |||||||||
| Non-GAAP | 78,631 | 64,085 | 78,383 | 62,734 | |||||||||
| Net income per diluted share | |||||||||||||
| GAAP | $ | 0.25 | $ | 0.07 | $ | 0.63 | $ | 0.41 | |||||
| Non-GAAP | $ | 0.25 | $ | 0.07 | $ | 0.64 | $ | 0.19 | |||||
| (a) | Represents financing expenses related to the exchange of $57.5 million of 3.25% convertible senior notes, recorded in other expense, net |
| (b) | Represents gain on acquisition of DNP Photomask Technology Taiwan Co., Ltd (DPTT), a wholly-owned subsidiary of Dai Nippon Printing Co., Ltd. |
| (c) | Represents transaction expenses in connection with the acquisition of DPTT |