| Alpha and Omega Semiconductor Limited | |||||||||||||||||||
| Reconciliation of Condensed Consolidated GAAP Financial Measures to Non-GAAP Financial Measures | |||||||||||||||||||
| (in thousands, except percentages and per share data) | |||||||||||||||||||
| (unaudited) | |||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||
|
December 31,
2017 |
September 30,
2017 |
December 31,
2016 |
December 31,
2017 |
December 31,
2016 | |||||||||||||||
| GAAP gross profit | $ | 28,082 | $ | 27,530 | $ | 22,094 | $ | 55,612 | $ | 44,038 | |||||||||
| Share-based compensation | 415 | 316 | 205 | 731 | 400 | ||||||||||||||
| Non-GAAP gross profit | $ | 28,497 | $ | 27,846 | $ | 22,299 | $ | 56,343 | $ | 44,438 | |||||||||
| Non-GAAP gross margin as a % of revenue | 27.4 | % | 26.6 | % | 23.6 | % | 27.0 | % | 23.1 | % | |||||||||
| GAAP operating income | $ | 3,224 | $ | 4,590 | $ | 2,836 | $ | 7,814 | $ | 6,578 | |||||||||
| Share-based compensation | 4,009 | 2,008 | 1,554 | 6,017 | 2,870 | ||||||||||||||
| Non-GAAP operating income | $ | 7,233 | $ | 6,598 | $ | 4,390 | $ | 13,831 | $ | 9,448 | |||||||||
| Non-GAAP operating income as a % of revenue | 7.0 | % | 6.3 | % | 4.6 | % | 6.6 | % | 4.9 | % | |||||||||
| GAAP net income attributable to AOS | $ | 6,791 | $ | 4,800 | $ | 2,847 | $ | 11,591 | $ | 6,154 | |||||||||
| Share-based compensation | 4,009 | 2,008 | 1,554 | 6,017 | 2,870 | ||||||||||||||
| Income tax benefit from tax reform | (2,690 | ) | — | — | (2,690 | ) | — | ||||||||||||
| Non-GAAP net income attributable to AOS | $ | 8,110 | $ | 6,808 | $ | 4,401 | $ | 14,918 | $ | 9,024 | |||||||||
| Non-GAAP net income attributable to AOS as a % of revenue | 7.8 | % | 6.5 | % | 4.6 | % | 7.1 | % | 4.7 | % | |||||||||
| GAAP net income attributable to AOS | $ | 6,791 | $ | 4,800 | $ | 2,847 | $ | 11,591 | $ | 6,154 | |||||||||
| Share-based compensation | 4,009 | 2,008 | 1,554 | 6,017 | 2,870 | ||||||||||||||
| Amortization and depreciation | 7,408 | 6,978 | 6,760 | 14,386 | 13,263 | ||||||||||||||
| Interest income | (174 | ) | (41 | ) | (23 | ) | (215 | ) | (67 | ) | |||||||||
| Income tax expense (benefit) | (2,072 | ) | 1,274 | 1,085 | (798 | ) | 2,322 | ||||||||||||
| EBITDAS | $ | 15,962 | $ | 15,019 | $ | 12,223 | $ | 30,981 | $ | 24,542 | |||||||||
| GAAP diluted net income per share attributable to AOS | $ | 0.27 | $ | 0.19 | $ | 0.11 | $ | 0.46 | $ | 0.25 | |||||||||
| Share-based compensation | 0.16 | 0.08 | 0.07 | 0.25 | 0.12 | ||||||||||||||
| Income tax benefit from tax reform | (0.11 | ) | — | — | (0.11 | ) | — | ||||||||||||
| Non-GAAP diluted net income per share attributable to AOS | $ | 0.32 | $ | 0.27 | $ | 0.18 | $ | 0.60 | $ | 0.37 | |||||||||
| Shares used to compute basic per share | 23,925 | 24,021 | 23,481 | 23,973 | 23,256 | ||||||||||||||
| Shares used to compute dilute per share | 25,033 | 24,960 | 24,977 | 24,997 | 24,695 | ||||||||||||||
Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Second Quarter of 2018 Ended December 31, 2017
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