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-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | ex99_4.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | ex99_3.htm |
| EX-99.2 - EXHIBIT 99.2 - PHOTRONICS INC | ex99_2.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
Exhibit 99.5
PHOTRONICS, INC. AND SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Financial Information
(in thousands, except per share data)
(Unaudited)
|
Three Months Ended
|
Year Ended
|
|||||||||||||||
|
October 30,
2016
|
November 1,
2015
|
October 30,
2016
|
November 1,
2015
|
|||||||||||||
|
Reconciliation of GAAP to Non-GAAP Net Income Attributable to Photronics, Inc. Shareholders
|
||||||||||||||||
|
GAAP net income attributable to Photronics, Inc. shareholders
|
$
|
5,256
|
$
|
18,623
|
$
|
46,200
|
$
|
44,625
|
||||||||
|
(a) Income tax benefit
|
(1,834
|
)
|
-
|
(4,838
|
)
|
-
|
||||||||||
|
(b) Gain on sales of investments, net of tax
|
-
|
-
|
(8,753
|
)
|
-
|
|||||||||||
|
(c) Financing expenses, net of tax
|
-
|
-
|
-
|
901
|
||||||||||||
|
Non-GAAP net income attributable to Photronics, Inc. shareholders
|
$
|
3,422
|
$
|
18,623
|
$
|
32,609
|
$
|
45,526
|
||||||||
|
Reconciliation of GAAP to Non-GAAP Net Income Applicable to Common Shareholders
|
||||||||||||||||
|
Weighted average number of diluted shares outstanding
|
||||||||||||||||
|
GAAP
|
68,906
|
78,631
|
76,354
|
78,383
|
||||||||||||
|
Non-GAAP
|
68,906
|
78,631
|
76,354
|
78,383
|
||||||||||||
|
Net income per diluted share
|
||||||||||||||||
|
GAAP
|
$
|
0.08
|
$
|
0.25
|
$
|
0.64
|
$
|
0.63
|
||||||||
|
Non-GAAP
|
$
|
0.05
|
$
|
0.25
|
$
|
0.47
|
$
|
0.64
|
||||||||
| (a) |
Represents tax benefit primarily related to the recognition of prior period tax benefits and other tax positions no longer deemed necessary in Taiwan
|
| (b) |
Represents gain on sales of investments in a foreign entity
|
| (c) |
Represents financing expenses related to the exchange of $57.5 million of 3.25% convertible senior notes
|