FORM-F
| FORMFACTOR, INC. | |||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||
| (In thousands, except per share amounts) | |||||||
| (Unaudited) | |||||||
| Three Months Ended | |||||||
|
April 1,
2017 |
March 26,
2016 | ||||||
| Revenues | $ | 128,829 | $ | 53,611 | |||
| Cost of revenues | 81,258 | 43,819 | |||||
| Gross profit | 47,571 | 9,792 | |||||
| Operating expenses: | |||||||
| Research and development | 17,414 | 10,849 | |||||
| Selling, general and administrative | 22,829 | 12,516 | |||||
| Restructuring and impairment charges, net | 269 | — | |||||
| Total operating expenses | 40,512 | 23,365 | |||||
| Operating income (loss) | 7,059 | (13,573 | ) | ||||
| Interest income, net | 67 | 117 | |||||
| Other income (expense), net | (1,574 | ) | (314 | ) | |||
| Income (loss) before income taxes | 5,552 | (13,770 | ) | ||||
| Provision for income taxes | 367 | 30 | |||||
| Net income (loss) | $ | 5,185 | $ | (13,800 | ) | ||
| Net income (loss) per share: | |||||||
| Basic | $ | 0.07 | $ | (0.24 | ) | ||
| Diluted | $ | 0.07 | $ | (0.24 | ) | ||
| Weighted-average number of shares used in per share calculations: | |||||||
| Basic | 71,423 | 58,431 | |||||
| Diluted | 72,922 | 58,431 | |||||
| FORMFACTOR, INC. | |||||||
| RECONCILIATION OF NON-GAAP NET INCOME (LOSS) | |||||||
| (In thousands, except per share amounts) | |||||||
| (Unaudited) | |||||||
| Three Months Ended | |||||||
|
April 1,
2017 |
March 26,
2016 | ||||||
| GAAP net income (loss) | $ | 5,185 | $ | (13,800 | ) | ||
| Adjustments to reconcile GAAP net income (loss) to Non-GAAP net income (loss): | |||||||
| Stock-based compensation | 3,302 | 2,734 | |||||
| Restructuring and impairment charges, net | 269 | — | |||||
| Acquisition and integration related expenses | 588 | 2,001 | |||||
| Amortization of intangibles | 8,540 | 2,770 | |||||
| Contingencies | (206 | ) | — | ||||
| Income tax effect of non-GAAP adjustments | (427 | ) | — | ||||
| Non-GAAP net income (loss) | $ | 17,251 | $ | (6,295 | ) | ||
| Non-GAAP net income (loss) per share: | |||||||
| Basic | $ | 0.24 | $ | (0.11 | ) | ||
| Diluted | $ | 0.24 | $ | (0.11 | ) | ||
| Weighted-average number of shares used in per share calculations: | |||||||
| Basic | 71,423 | 58,431 | |||||
| Diluted | 72,922 | 58,431 | |||||
