Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
| EX-99.1 - PRESS RELEASE DATED FEBRUARY 24, 2016 - PHOTRONICS INC | exhibit99-1.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 |
| EX-99.6 - RECONCILIATION OF GAAP NET INCOME TO NON-GAAP EBITDA - PHOTRONICS INC | exhibit99-6.htm |
| EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - PHOTRONICS INC | exhibit99-2.htm |
PHOTRONICS, INC. AND
SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Financial
Information
(in thousands,
except per share data)
(Unaudited)
| Three Months Ended | |||||||
| January 31, | February 1, | ||||||
| 2016 | 2015 | ||||||
| Reconciliation of GAAP to Non-GAAP Net Income | |||||||
| Attributable to Photronics, Inc. Shareholders | |||||||
| GAAP net income attributable to Photronics, Inc. shareholders | $ | 21,002 | $ | 3,837 | |||
| (a) Gain on sale of investment, net of tax | (8,753 | ) | - | ||||
| (b) Financing expenses, net of tax | - | 901 | |||||
| Non-GAAP net income attributable to Photronics, Inc. shareholders | $ | 12,249 | $ | 4,738 | |||
| Reconciliation of GAAP to Non-GAAP Net Income | |||||||
| Applicable to Common Shareholders | |||||||
| Weighted average number of diluted shares outstanding | |||||||
| GAAP | 79,136 | 67,020 | |||||
| Non-GAAP | 79,136 | 67,020 | |||||
| Net income per diluted share | |||||||
| GAAP | $ | 0.28 | $ | 0.06 | |||
| Non-GAAP | $ | 0.17 | $ | 0.07 | |||
| (a) | Represents gain on sale of investment in a foreign entity |
| (b) | Represents financing expenses related to the exchange of $57.5 million of 3.25% convertible senior notes |