|
ORBOTECH LTD. | ||||||
|
RECONCILIATION OF GAAP TO NON-GAAP RESULTS | ||||||
|
U.S. dollars in thousands (except per share data) | ||||||
|
(Unaudited) |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 m o n t h s e n d e d |
|
12 months ended |
| ||
|
|
March 3 1 |
|
December 31 |
| ||
|
|
2015 |
|
2014 |
|
2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported operating income on GAAP basis |
$20,278 |
|
$8,098 |
|
$48,146 |
|
|
Equity based compensation expenses |
889 |
|
816 |
|
822 |
|
|
Amortization of intangible assets |
8,918 |
|
1,010 |
|
19,235 |
|
|
SPTS Acquisition costs |
|
|
|
|
6,761 |
|
|
Non-GAAP operating income |
$30,085 |
|
$9,924 |
|
$74,964 |
|
|
|
|
|
|
|
|
|
|
Reported net income attributable to Orbotech Ltd. on GAAP basis |
$11,802 |
|
$6,287 |
|
$35,380 |
|
|
Equity- based compensation expenses |
889 |
|
816 |
|
3,192 |
|
|
Amortization of intangible assets |
8,918 |
|
1,010 |
|
19,235 |
|
|
Tax adjustments re non-GAAP adjustments |
(949) |
|
|
|
(1,823) |
|
|
SPTS Acquisition costs |
|
|
|
|
6,761 |
|
|
Share in losses of associated company |
100 |
|
69 |
|
417 |
|
|
Non-GAAP net income |
$20,760 |
|
$8,182 |
|
$63,162 |
|
|
|
|
|
|
|
|
|
|
Non-GAAP earnings per diluted share |
$0.48 |
|
$0.19 |
|
$1.48 |
|
|
|
|
|
|
|
|
|
|
Shares used in earnings per diluted share calculation-in thousands |
42,860 |
|
42,835 |
|
42,757 |
|
|
|
|
|
|
|
|
|
