DIODES INCORPORATED AND SUBSIDIARIES |
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RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME |
|||||||||
(in thousands, except per share data) |
|||||||||
(unaudited) |
|||||||||
For the three months ended March 31, 2020: |
|||||||||
| Operating
Expenses |
Income Tax
Provision |
Net Income | |||||||
| GAAP net income | $ |
20,168 |
|||||||
| GAAP diluted earnings per share | $ |
0.38 |
|||||||
| Adjustments to reconcile net income to non-GAAP net income: | |||||||||
| Amortization of acquisition-related intangible assets | 4,221 |
(765 |
) |
|
3,456 |
||||
| Acquisition related costs | 408 |
(83 |
) |
|
325 |
||||
| Non-GAAP net income | $ |
23,949 |
|||||||
| Diluted shares used in computing earnings per share |
|
52,422 |
|||||||
| Non-GAAP diluted earnings per share | $ |
0.46 |
|||||||
| Note: Included in GAAP and non-GAAP net income was approximately $3.7 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP diluted earnings per share would have improved by $0.07 per share. |
