| Reconciliation of Non-GAAP Financial Measures | |||||||||||||||
| (Unaudited) | |||||||||||||||
| (Amounts in Thousands, except Per Share Data) | |||||||||||||||
| Operating Income excluding Lawsuit Proceeds | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2018 | 2017 | 2018 | 2017 | ||||||||||||
| Operating Income, as reported (1) | $ | 10,212 | $ | 10,119 | $ | 17,244 | $ | 19,642 | |||||||
| Less: Pre-tax Settlement Proceeds from Lawsuit | — | — | 92 | — | |||||||||||
| Adjusted Operating Income (1) | $ | 10,212 | $ | 10,119 | $ | 17,152 | $ | 19,642 | |||||||
| Net Income excluding Tax Reform and Lawsuit Proceeds | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2018 | 2017 | 2018 | 2017 | ||||||||||||
| Net Income (Loss), as reported | $ | 7,115 | $ | (8,347 | ) | $ | 12,184 | $ | 133 | ||||||
| Add: Adjustments to Provision for Income Taxes Resulting from Tax Reform | (251 | ) | 16,580 | (251 | ) | 16,580 | |||||||||
| Less: After-tax Settlement Proceeds from Lawsuit | — | — | 70 | — | |||||||||||
| Adjusted Net Income | $ | 6,864 | $ | 8,233 | $ | 11,863 | $ | 16,713 | |||||||
| Diluted Earnings per Share excluding Tax Reform and Lawsuit Proceeds | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2018 | 2017 | 2018 | 2017 | ||||||||||||
| Diluted Earnings (Loss) per Share, as reported | $ | 0.27 | $ | (0.31 | ) | $ | 0.46 | $ | 0.00 | ||||||
| Add: Adjustments to Provision for Income Taxes Resulting from Tax Reform | (0.01 | ) | 0.62 | (0.01 | ) | 0.62 | |||||||||
| Less: Impact of Settlement Proceeds from Lawsuits | — | — | 0.00 | — | |||||||||||
| Adjusted Diluted Earnings per Share | $ | 0.26 | $ | 0.31 | $ | 0.45 | $ | 0.62 | |||||||
| Return on Invested Capital (ROIC) | |||||||||||||||
| Twelve Months Ended | |||||||||||||||
| December 31, | |||||||||||||||
| 2018 | 2017 | ||||||||||||||
| Operating Income (GAAP) (1) | $ | 39,640 | $ | 37,515 | |||||||||||
| Less: Pre-tax Settlement Proceeds from Lawsuit | $ | 92 | $ | — | |||||||||||
| Adjusted Operating Income (non-GAAP) (1) | $ | 39,548 | $ | 37,515 | |||||||||||
| Tax Effect (2) | $ | 8,982 | $ | 7,269 | |||||||||||
| After Tax Adjusted Operating Income | $ | 30,566 | $ | 30,246 | |||||||||||
| Average Invested Capital (3) | $ | 342,408 | $ | 308,339 | |||||||||||
| ROIC | 8.9 | % | 9.8 | % | |||||||||||
Kimball Electronics, Inc. Reports Second Quarter Fiscal Year 2019 Results
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