Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
| EX-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | ex99_4.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | ex99_3.htm |
| 8-K - PHOTRONICS, INC 8-K 2-15-2017 - PHOTRONICS INC | form8k.htm |
| EX-99.2 - EXHIBIT 99.2 - PHOTRONICS INC | ex99_2.htm |
Exhibit 99.5
PHOTRONICS, INC. AND SUBSIDIARIES
Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Information
(in thousands, except per share data)
(Unaudited)
|
Three Months Ended
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||||||||||||
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January 29,
2017
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October 30,
2016
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January 31,
2016
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Reconciliation of GAAP to Non-GAAP Net Income Attributable to Photronics, Inc. Shareholders and EPS data
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||||||||||||
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GAAP net income attributable to Photronics, Inc. shareholders
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$
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1,946
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$
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5,256
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$
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21,002
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||||||
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Income tax expense/(benefit) (a)
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-
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(1,834
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)
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-
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||||||||
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Gain on sale of investment, net of tax (b)
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-
|
-
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(8,753
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)
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||||||||
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Non-GAAP net income attributable to Photronics, Inc. shareholders
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$
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1,946
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$
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3,422
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$
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12,249
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Weighted average number of diluted shares outstanding
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GAAP
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69,169
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68,906
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79,136
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|||||||||
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Non-GAAP
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69,169
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68,906
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79,136
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|||||||||
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Net income per diluted share
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||||||||||||
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GAAP
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$
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0.03
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$
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0.08
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$
|
0.28
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||||||
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Non-GAAP
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$
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0.03
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$
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0.05
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$
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0.17
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||||||
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Reconciliation of GAAP Net Income to Non-GAAP EBITDA
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||||||||||||
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GAAP Net Income (c)
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$
|
4,510
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$
|
6,569
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$
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23,501
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||||||
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Interest expense
|
559
|
616
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1,174
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|||||||||
|
Income tax expense/(benefit)
|
2,050
|
(1,337
|
)
|
3,700
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||||||||
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Depreciation and amortization
|
20,896
|
22,304
|
20,457
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|||||||||
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Other items (d)
|
937
|
980
|
897
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|||||||||
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Non-GAAP EBITDA
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$
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28,952
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$
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29,132
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$
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49,729
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||||||
Notes:
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(a)
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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 sale of investment in a foreign entity
|
| (c) |
Includes net income attributable to noncontrolling interests and, in 2016, includes gain on sale of investment in a foreign entity
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| (d) |
Consists of stock compensation expense
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