Attached files
| file | filename |
|---|---|
| 8-K - PHOTRONICS, INC. 8-K 8-18-2016 - PHOTRONICS INC | form8k.htm |
| EX-99.6 - EXHIBIT 99.6 - PHOTRONICS INC | ex99_6.htm |
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | ex99_5.htm |
| EX-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | ex99_4.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | ex99_3.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
Exhibit 99.2
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||
|
July 31,
2016
|
August 2,
2015
|
July 31,
2016
|
August 2,
2015
|
|||||||||||||
|
Net sales
|
$
|
123,209
|
$
|
131,699
|
$
|
376,088
|
$
|
382,513
|
||||||||
|
Costs and expenses:
|
||||||||||||||||
|
Cost of sales
|
(91,759
|
)
|
(94,456
|
)
|
(277,915
|
)
|
(283,991
|
)
|
||||||||
|
Selling, general and administrative
|
(11,163
|
)
|
(12,430
|
)
|
(34,386
|
)
|
(36,795
|
)
|
||||||||
|
Research and development
|
(5,466
|
)
|
(6,253
|
)
|
(16,613
|
)
|
(16,743
|
)
|
||||||||
|
Operating income
|
14,821
|
18,560
|
47,174
|
44,984
|
||||||||||||
|
Gain on sale of investment
|
157
|
-
|
8,940
|
-
|
||||||||||||
|
Other income (expense), net
|
1,237
|
240
|
(872
|
)
|
(2,500
|
)
|
||||||||||
|
Income before income taxes
|
16,215
|
18,800
|
55,242
|
42,484
|
||||||||||||
|
Income tax provision
|
(4,762
|
)
|
(3,390
|
)
|
(6,136
|
)
|
(7,775
|
)
|
||||||||
|
Net income
|
11,453
|
15,410
|
49,106
|
34,709
|
||||||||||||
|
Net income attributable to noncontrolling interests
|
(3,365
|
)
|
(3,304
|
)
|
(8,162
|
)
|
(8,706
|
)
|
||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
8,088
|
$
|
12,106
|
$
|
40,944
|
$
|
26,003
|
||||||||
|
Earnings per share:
|
||||||||||||||||
|
Basic
|
$
|
0.12
|
$
|
0.18
|
$
|
0.61
|
$
|
0.39
|
||||||||
|
Diluted
|
$
|
0.12
|
$
|
0.17
|
$
|
0.56
|
$
|
0.37
|
||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||
|
Basic
|
67,953
|
66,454
|
67,377
|
66,250
|
||||||||||||
|
Diluted
|
74,317
|
78,569
|
76,990
|
78,300
|
||||||||||||