FORMFACTOR, INC.
RECONCILIATION OF NON-GAAP NET INCOME
(In thousands, except per share amounts)
(Unaudited)
| Three Months Ended | Fiscal Year Ended | ||||||||||||||
| December 30, 2017 | December 31, 2016 | December 30, 2017 | December 31, 2016 | ||||||||||||
| GAAP net income (loss) | $ | 5,588 | $ | (15,443 | ) | $ | 40,913 | $ | (6,557 | ) | |||||
| Adjustments to reconcile GAAP net loss to Non-GAAP net income: | |||||||||||||||
| Deferred revenue | — | 640 | — | 903 | |||||||||||
| Stock-based compensation | 4,952 | 3,245 | 16,230 | 10,722 | |||||||||||
| Restructuring and impairment charges, net | 481 | 12,697 | 810 | 19,692 | |||||||||||
| Acquisition and integration related expenses | 782 | 699 | 2,520 | 7,459 | |||||||||||
| Amortization of intangibles, inventory and fixed assets fair value adjustment due to acquisition | 7,515 | 13,059 | 31,509 | 45,527 | |||||||||||
| Income tax valuation allowance release | — | (197 | ) | — | (44,048 | ) | |||||||||
| Contingency | — | 781 | (206 | ) | 781 | ||||||||||
| Other income | — | (145 | ) | — | (145 | ) | |||||||||
| Proceeds from sale of intellectual property | — | — | (400 | ) | (400 | ) | |||||||||
| Benefit from U.S. tax reform | 715 | — | 715 | — | |||||||||||
| Income tax effect of non-GAAP adjustments | (2,053 | ) | (920 | ) | (2,624 | ) | (1,907 | ) | |||||||
| Non-GAAP net income | $ | 17,980 | $ | 14,416 | $ | 89,467 | $ | 32,027 | |||||||
| Non-GAAP net income per share: | |||||||||||||||
| Basic | $ | 0.25 | $ | 0.20 | $ | 1.24 | $ | 0.49 | |||||||
| Diluted | $ | 0.24 | $ | 0.20 | $ | 1.21 | $ | 0.49 | |||||||
| Weighted-average number of shares used in per share calculations: | |||||||||||||||
| Basic | 72,846 | 70,807 | 72,292 | 64,941 | |||||||||||
| Diluted | 74,756 | 72,116 | 74,239 | 65,948 | |||||||||||
