| FORMFACTOR, INC. | |||||||||||||||||||
| NON-GAAP FINANCIAL MEASURE RECONCILIATIONS | |||||||||||||||||||
| (In thousands, except per share amounts) | |||||||||||||||||||
| (Unaudited) | |||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||
|
July 1,
2023 |
April 1,
2023 |
June 25,
2022 |
July 1,
2023 |
June 25,
2022 | |||||||||||||||
| GAAP net income | $ | 828 | $ | 1,342 | $ | 30,242 | $ | 2,170 | $ | 60,114 | |||||||||
| Adjustments: | |||||||||||||||||||
| Amortization of intangibles, inventory and fixed asset fair value adjustments due to acquisitions | 2,656 | 2,903 | 2,665 | 5,559 | 5,394 | ||||||||||||||
| Stock-based compensation | 9,204 | 9,290 | 6,358 | 18,494 | 13,878 | ||||||||||||||
| Restructuring charges | 618 | 922 | 581 | 1,540 | 894 | ||||||||||||||
| Income tax effect of non-GAAP adjustments | (2,068 | ) | (1,965 | ) | (3,071 | ) | (4,033 | ) | (4,796 | ) | |||||||||
| Non-GAAP net income | $ | 11,238 | $ | 12,492 | $ | 36,775 | $ | 23,730 | $ | 75,484 | |||||||||
| GAAP net income per share: | |||||||||||||||||||
| Basic | $ | 0.01 | $ | 0.02 | $ | 0.39 | $ | 0.03 | $ | 0.77 | |||||||||
| Diluted | $ | 0.01 | $ | 0.02 | $ | 0.38 | $ | 0.03 | $ | 0.76 | |||||||||
| Non-GAAP net income per share: | |||||||||||||||||||
| Basic | $ | 0.15 | $ | 0.16 | $ | 0.47 | $ | 0.31 | $ | 0.97 | |||||||||
| Diluted | $ | 0.14 | $ | 0.16 | $ | 0.46 | $ | 0.31 | $ | 0.95 | |||||||||
