ONTO INNOVATION INC. |
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RECONCILIATION OF U.S. GAAP NET INCOME (LOSS) TO |
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NON-GAAP NET INCOME |
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(In thousands, except share and per share data) - (Unaudited) |
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Three Months Ended |
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Twelve Months Ended |
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December 26, 2020 |
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September 26, 2020 |
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December 31, 2019* |
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December 26, 2020 |
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December 31, 2019* |
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U.S. GAAP net income (loss) |
$ |
19,914 |
|
$ |
8,091 |
|
$ |
(17,752 |
) |
$ |
31,025 |
|
$ |
1,910 |
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Pre-tax non-GAAP items: |
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Merger related expenses |
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2,152 |
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|
630 |
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|
25,255 |
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|
16,630 |
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30,149 |
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Restructuring expense |
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8,104 |
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|
228 |
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|
9,060 |
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|
11,503 |
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|
9,060 |
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| Amortization of intangibles |
|
12,666 |
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|
13,646 |
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|
9,284 |
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|
53,747 |
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|
10,445 |
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| Net tax benefit adjustments |
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(7,281 |
) |
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(2,993 |
) |
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(7,782 |
) |
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(17,195 |
) |
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(9,717 |
) |
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| Non-GAAP net income |
$ |
35,555 |
|
$ |
19,602 |
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$ |
18,065 |
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$ |
95,710 |
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$ |
41,847 |
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| Non-GAAP net income per diluted share |
$ |
0.72 |
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$ |
0.40 |
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$ |
0.41 |
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$ |
1.93 |
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$ |
1.39 |
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Onto Innovation Reports 2020 Fourth Quarter and Full Year Results
 |  | More IC News
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*The results for December 2019 include the results of Rudolph Technologies Inc. through October 25, 2019 and Onto Innovation from October 26 to December 31, 2019.
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