| Fairchild Semiconductor International, Inc. | ||||||||||||
| Reconciliation of Net Income (Loss) To Adjusted Net Income | ||||||||||||
| (In millions) | ||||||||||||
| (Unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
| March 27, | December 27, | March 29, | ||||||||||
| 2016 | 2015 | 2015 | ||||||||||
| Net income (loss) | $ | 14.8 | $ | (7.1 | ) | $ | 1.1 | |||||
| Adjustments to reconcile net income (loss) to adjusted net income: | ||||||||||||
| Restructuring, impairments, and other costs | 1.4 | 11.0 | 4.7 | |||||||||
| Gain on disposal of held for sale assets | (12.3 | ) | — | — | ||||||||
| Acquisition-related costs (2) | 5.5 | 6.5 | — | |||||||||
| Accelerated depreciation on assets related to factory closures (1) | — | (0.1 | ) | 4.5 | ||||||||
| Inventory write-offs associated with factory closures (1) | — | (0.1 | ) | — | ||||||||
| Goodwill impairment charge | — | — | 0.6 | |||||||||
| Amortization of acquisition-related intangibles | 1.9 | 2.3 | 2.1 | |||||||||
| Associated tax effects of the above and other acquisition-related intangibles | 0.3 | 0.2 | 0.3 | |||||||||
| Adjusted net income | $ | 11.6 | $ | 12.7 | $ | 13.3 | ||||||
| Adjusted net income per common share: | ||||||||||||
| Basic | $ | 0.10 | $ | 0.11 | $ | 0.11 | ||||||
| Diluted | $ | 0.10 | $ | 0.11 | $ | 0.11 | ||||||
| (1) Recorded in cost of sales | ||||||||||||
| (2) Recorded in cost of sales, research and development, and selling, general and administrative | ||||||||||||
Fairchild Reports Results for the First Quarter of 2016
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