Non-GAAP Earnings Per Share |
| Three Months Ended July 1, 2023 | ||||||||||||
|
| GAAP Measure |
| Stock Compensation
|
| Intangible
|
| Termination
|
| Equity-Method Investment
|
| Income Tax Adjustments |
| Non- GAAP Measure | |
Net income |
| $10,956 |
| $14,739 |
| $6,394 |
| $1,583 |
| $57 |
| $530 |
| $34,259 |
|
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|
Diluted shares outstanding |
| 32,926 |
|
|
|
|
|
|
|
|
|
|
| 32,926 |
|
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|
Diluted earnings per share |
| $ 0.33 |
|
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|
|
|
|
|
|
|
|
| $ 1.04 |
|
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* Represents pre-tax amounts | ||||||||||||||
Unaudited Forward-Looking Statements Regarding Business Outlook
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Business Outlook |
| Three Months Ending September 30, 2023 | ||||
|
|
| GAAP Measure |
| Non-GAAP Adjustments** |
| Non-GAAP Measure |
Gross margin |
| 59 % |
| 0 % |
| 59 % |
|
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|
|
|
|
|
Operating expenses |
| $120 |
| $(25) |
| $95 |
|
|
|
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|
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|
Diluted earnings (loss) per share - low |
| $(0.08) |
| $0.53 |
| $0.45 |
|
|
|
|
|
|
|
|
| Diluted earnings per share - high |
| $0.20 |
| $0.53 |
| $0.73 |
| ** Non-GAAP adjustments include the following estimates: stock compensation expense of $18.7 million, intangible asset amortization of $6.3 million, termination costs of $0.3 million, and the associated tax impact from the aforementioned items. |
