* Non-GAAP Operating Income and the corresponding calculation of non-GAAP Operating Margin do not include adjustments for the following components of our net income: (i) additional AMTC related costs of $1,217, $2,661, and $2,939 for the three months ended December 25, 2020, September 25, 2020, and December 27, 2019, respectively, labor savings costs of $109, $—, and $1,072 for the three months ended December 25, 2020, September 25, 2020, and December 27, 2019, respectively, and out of period adjustment for depreciation expense of GMR assets of $—, $768, and $— for the three months ended December 25, 2020, September 25, 2020, and December 27, 2019, respectively, and (ii) additional AMTC related costs of $7,276 and $8,603 for the nine months ended December 25, 2020 and December 27, 2019, respectively, labor savings costs of $218 and $5,884 for the nine months ended December 25, 2020 and December 27, 2019, respectively, and out of period adjustment for depreciation expense of GMR assets of $768 and $— for the nine months ended December 25, 2020 and December 27, 2019, respectively.

		Three-Month Period Ended												Nine-Month Period Ended
		December 25, 2020				September 25, 2020				December 27, 2019				December 25, 2020				December 27, 2019
		(Dollars in thousands)
Reconciliation of EBITDA and Adjusted EBITDA
GAAP Net (Loss) Income		$	(5,060	)		$	9,618			$	8,958			$	9,412			$	23,776
Interest expense (income), net		2,598				(350		)		(10		)		1,935				60
Income tax (benefit) provision		(30,523		)		2,082				1,542				(27,913		)		11,710
Depreciation & amortization		12,199				12,487				16,131				36,225				47,608
EBITDA		$	(20,786	)		$	23,837			$	26,621			$	19,659			$	83,154
Non-core (gain) loss on sale of equipment		(7		)		331				532				286				1,091
Miscellaneous legal judgement charge		574				—				—				574				—
Loss on debt extinguishment		9,055				—				—				9,055				—
Foreign currency translation loss (gain)		145				1,318				560				1,331				(2,800		)
Income in earnings of equity investment		(949		)		(246		)		—				(1,407		)		—
Stock-based compensation		45,876				580				303				46,901				1,051
AMTC Facility consolidation one-time costs		2,228				1,766				—				5,699				—
COVID-19 related expenses		435				471				—				4,906				—
Transaction fees		1,729				1,871				2,335				3,717				3,782
Severance		(181		)		—				454				156				3,152
PSL and Sanken Distribution Agreement		1,500				2,815				—				7,698				—
Adjusted EBITDA*		$	39,619			$	32,743			$	30,805			$	98,575			$	89,430
Adjusted EBITDA Margin*		24.1		%		24.0		%		19.3		%		23.7		%		18.8		%

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »