| Fairchild Semiconductor International, Inc. | ||||||||||||||||||||
| Reconciliation of Net Income (Loss) To Adjusted Net Income | ||||||||||||||||||||
| (In millions) | ||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||
| June 26, | March 27, | June 28, | June 26, | June 28, | ||||||||||||||||
| 2016 | 2016 | 2015 | 2016 | 2015 | ||||||||||||||||
| Net income (loss) | $ | 6.9 | $ | 14.8 | $ | (0.9 | ) | $ | 21.7 | $ | 0.2 | |||||||||
| Adjustments to reconcile net income (loss) to adjusted net income: | ||||||||||||||||||||
| Restructuring, impairments, and other costs | 0.6 | 1.4 | 4.2 | 2.0 | 8.9 | |||||||||||||||
| Gain on disposal of held for sale assets | — | (12.3 | ) | — | (12.3 | ) | — | |||||||||||||
| Charge for litigation | 0.5 | — | — | 0.5 | — | |||||||||||||||
| Acquisition-related costs (2) | 5.9 | 5.5 | — | 11.4 | — | |||||||||||||||
| Accelerated depreciation on assets related to factory closures (1) | — | — | 3.5 | — | 8.0 | |||||||||||||||
| Inventory write-offs associated with factory closures (1) | — | — | 4.6 | — | 4.6 | |||||||||||||||
| Goodwill impairment charge | — | — | — | — | 0.6 | |||||||||||||||
| Amortization of acquisition-related intangibles | 1.9 | 1.9 | 2.1 | 3.8 | 4.2 | |||||||||||||||
| Associated tax effects of the above and other acquisition-related intangibles | (0.2 | ) | 0.3 | 0.4 | 0.1 | 0.7 | ||||||||||||||
| Adjusted net income | $ | 15.6 | $ | 11.6 | $ | 13.9 | $ | 27.2 | $ | 27.2 | ||||||||||
| Adjusted net income per common share: | ||||||||||||||||||||
| Basic | $ | 0.14 | $ | 0.10 | $ | 0.12 | $ | 0.24 | $ | 0.23 | ||||||||||
| Diluted | $ | 0.13 | $ | 0.10 | $ | 0.12 | $ | 0.23 | $ | 0.23 | ||||||||||
| (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 Second Quarter of 2016
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