| Reconciliation of Non-GAAP Profit before Tax | ||||||||||||
| Three-Month Period Ended | ||||||||||||
| June 28, 2024 | March 29, 2024 | June 30, 2023 | ||||||||||
| (Dollars in thousands) | ||||||||||||
| GAAP (Loss) Income before Income Taxes | $ | (16,573 | ) | $ | 17,251 | $ | 68,104 | |||||
| Transaction-related costs | 1,842 | 7,144 | 3,079 | |||||||||
| Transaction-related interest | 709 | 163 | — | |||||||||
| Impairment of long-lived assets | — | 13,218 | — | |||||||||
| Purchased intangible amortization | 5,410 | 5,501 | 760 | |||||||||
| Restructuring costs | 2,414 | 2,441 | — | |||||||||
| Stock-based compensation | 10,118 | 9,618 | 11,042 | |||||||||
| Other costs (1) | 2,807 | (2,319 | ) | 4,589 | ||||||||
| Total Non-GAAP Adjustments | $ | 23,300 | $ | 35,766 | $ | 19,470 | ||||||
| Non-GAAP Profit before Tax | $ | 6,727 | $ | 53,017 | $ | 87,574 | ||||||
| (1) Included in non-GAAP other costs are non-recurring charges that are individually immaterial for separate disclosure such as project evaluation costs, which consist of costs incurred in connection with debt and equity financings or other non-recurring transactions and income (loss) in earnings of equity investments. | ||||||||||||
Allegro MicroSystems Reports First Quarter 2025 Results
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