|
FORMFACTOR, INC.
RECONCILIATION OF NON-GAAP NET INCOME (In thousands, except per share amounts) (Unaudited) | |||||||||||||||
| Three Months Ended | Fiscal Year Ended | ||||||||||||||
|
December
31, 2016 |
December
26, 2015 |
December
31, 2016 |
December
26, 2015 | ||||||||||||
| GAAP net loss | $ | (15,443 | ) | $ | (619 | ) | $ | (6,557 | ) | $ | (1,523 | ) | |||
| Adjustments to reconcile GAAP net loss to Non-GAAP net income: | |||||||||||||||
| Deferred revenue | 640 | — | 903 | — | |||||||||||
| Stock-based compensation | 3,245 | 3,060 | 10,722 | 11,575 | |||||||||||
| Restructuring and impairment charges, net | 12,697 | (3 | ) | 19,692 | 567 | ||||||||||
| Acquisition and integration related expenses | 699 | 35 | 7,459 | 231 | |||||||||||
| Amortization of intangibles, inventory and fixed assets fair value adjustment due to acquisition
| 13,059 | 3,359 | 45,527 | 13,509 | |||||||||||
| Income tax valuation allowance release | (197 | ) | — | (44,048 | ) | — | |||||||||
| Loss contingency | 781 | — | 781 | — | |||||||||||
| Other income | (145 | ) | — | (145 | ) | — | |||||||||
| Proceeds from sale of intellectual property | — | — | (400 | ) | — | ||||||||||
| Gain on sale of intellectual property | — | — | — | (1,040 | ) | ||||||||||
| Business interruption insurance claim recovery
| — | — | — | (1,521 | ) | ||||||||||
| Income tax effect of non-GAAP adjustments | (920 | ) | — | (1,907 | ) | — | |||||||||
| Non-GAAP net income | $ | 14,416 | $ | 5,832 | $ | 32,027 | $ | 21,798 | |||||||
| Non-GAAP net income per share: | |||||||||||||||
| Basic | $ | 0.20 | $ | 0.10 | $ | 0.49 | $ | 0.38 | |||||||
| Diluted | $ | 0.20 | $ | 0.10 | $ | 0.49 | $ | 0.37 | |||||||
| Weighted-average number of shares used in per share calculations: | |||||||||||||||
| Basic | 70,807 | 58,128 | 64,941 | 57,850 | |||||||||||
| Diluted | 72,116 | 59,138 | 65,948 | 59,069 | |||||||||||
