Attached files
| file | filename |
|---|---|
| 8-K - PHOTRONICS, INC. 8-K 12-6-2016 - PHOTRONICS INC | form8k.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-99.2 - EXHIBIT 99.2 - PHOTRONICS INC | ex99_2.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
Exhibit 99.6
PHOTRONICS, INC. AND SUBSIDIARIES
Non-GAAP Financial Measure
Reconciliation of GAAP Net Income to Non-GAAP EBITDA
(in thousands)
(Unaudited)
|
Three Months Ended
|
Year Ended
|
|||||||||||||||
|
October 30,
2016
|
November 1,
2015
|
October 30,
2016
|
November 1,
2015
|
|||||||||||||
|
GAAP Net Income (a)
|
$
|
6,569
|
$
|
22,150
|
$
|
55,676
|
$
|
56,859
|
||||||||
|
Add: interest expense
|
616
|
1,178
|
3,366
|
4,991
|
||||||||||||
|
Add: income tax expense (benefit)
|
(1,337
|
)
|
5,406
|
4,798
|
13,181
|
|||||||||||
|
Add: depreciation and amortization
|
22,304
|
20,777
|
82,406
|
81,653
|
||||||||||||
|
Add: special items (b)
|
980
|
905
|
3,828
|
4,590
|
||||||||||||
|
Non-GAAP EBITDA
|
$
|
29,132
|
$
|
50,416
|
$
|
150,074
|
$
|
161,274
|
||||||||
| (a) |
Includes net income attributable to noncontrolling interests, and in the year ended October 30, 2016 includes gain on sale of investment in a foreign entity
|
| (b) |
Special items consist of stock compensation expense, and in the year ended November 1, 2015 includes financing expenses in connection with the exchange of $57.5 million of 3.25% convertible senior notes
|