(1) On June 30, 2018, $1.1 million of current restricted cash was included in Other current assets. Included in Other assets as of March 31, 2018, is long-term restricted cash of $1.1 million.

Electro Scientific Industries, Inc.
Analysis of First Quarter Fiscal 2019 Results
(Unaudited)

	Fiscal quarter ended
(Dollars and shares in thousands)	Jun 30, 2018		Mar 31, 2018		Dec 30, 2017		Oct 1, 2017		Jul 1, 2017
Sales detail:
Printed Circuit Board	$	66,337	$	70,896	$	76,933	$	38,187	$	46,185
Component Test	9,405		8,401		6,504		7,007		7,448
Semiconductor	18,777		22,362		10,664		9,641		5,181
Industrial Machining	2,338		1,863		5,317		5,481		3,279
Service	13,767		9,871		11,422		10,651		10,591
Net Sales	$	110,624	$	113,393	$	110,840	$	70,967	$	72,684

As % of Net Sales	Fiscal quarter ended
GAAP	Jun 30, 2018		Mar 31, 2018		Jul 1, 2017
Gross profit	48.1%		48.3%		36.3%
Selling, general and administrative expense	9%		10%		18%
Research, development and engineering expense	9%		8%		12%
Total operating expenses	18%		18%		32%
Operating income	30%		31%		5%
Non-GAAP
Gross profit	48.3%		49.2%		46.7%
Net operating expenses	17%		17%		28%
Operating income	31%		33%		19%
GAAP - Effective tax rate %	6.9%		(118.2%)		11.6%
Weighted average shares outstanding
Basic	34,459		34,350		33,432
Diluted GAAP	35,924		35,830		34,321
Diluted Non-GAAP	35,924		35,830		34,321
End of period employees	634		615		607

Reconciliation of Cash and Investments	Fiscal quarter ended
	Jun 30, 2018			Mar 31, 2018
Cash	$	25,808		$	58,817
Cash equivalents	49,046			17,975
Current restricted cash	1,097			—
Long-term restricted cash	—			1,093
Cash, cash equivalents, and restricted cash at end of period	75,951			77,885
Short-term investments	55,026			47,121
Cash, restricted cash and current investments	$	130,977		$	125,006