Attached files
| file | filename |
|---|---|
| 8-K - PHOTRONICS, INC. 8-K 12-6-2016 - 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)
|
Three Months Ended
|
Year Ended
|
|||||||||||||||
|
October 30,
2016
|
November 1,
2015
|
October 30,
2016
|
November 1,
2015
|
|||||||||||||
|
Net sales
|
$
|
107,368
|
$
|
141,692
|
$
|
483,456
|
$
|
524,206
|
||||||||
|
Costs and expenses:
|
||||||||||||||||
|
Cost of sales
|
(86,835
|
)
|
(97,078
|
)
|
(364,750
|
)
|
(381,070
|
)
|
||||||||
|
Selling, general and administrative
|
(10,191
|
)
|
(12,189
|
)
|
(44,577
|
)
|
(48,983
|
)
|
||||||||
|
Research and development
|
(5,041
|
)
|
(5,177
|
)
|
(21,654
|
)
|
(21,920
|
)
|
||||||||
|
Operating income
|
5,301
|
27,248
|
52,475
|
72,233
|
||||||||||||
|
Gain on sales of investments
|
-
|
-
|
8,940
|
-
|
||||||||||||
|
Other income (expense), net
|
(69
|
)
|
308
|
(941
|
)
|
(2,193
|
)
|
|||||||||
|
Income before income taxes
|
5,232
|
27,556
|
60,474
|
70,040
|
||||||||||||
|
Income tax benefit (provision)
|
1,337
|
(5,406
|
)
|
(4,798
|
)
|
(13,181
|
)
|
|||||||||
|
Net income
|
6,569
|
22,150
|
55,676
|
56,859
|
||||||||||||
|
Net income attributable to noncontrolling interests
|
(1,313
|
)
|
(3,527
|
)
|
(9,476
|
)
|
(12,234
|
)
|
||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
5,256
|
$
|
18,623
|
$
|
46,200
|
$
|
44,625
|
||||||||
|
Earnings per share:
|
||||||||||||||||
|
Basic
|
$
|
0.08
|
$
|
0.28
|
$
|
0.68
|
$
|
0.67
|
||||||||
|
Diluted
|
$
|
0.08
|
$
|
0.25
|
$
|
0.64
|
$
|
0.63
|
||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||
|
Basic
|
68,025
|
66,575
|
67,539
|
66,331
|
||||||||||||
|
Diluted
|
68,906
|
78,631
|
76,354
|
78,383
|
||||||||||||