DIODES INCORPORATED AND SUBSIDIARIES | |||||||||||||
RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME | |||||||||||||
(in thousands, except per share data) |
|||||||||||||
(unaudited) |
|||||||||||||
For the three months ended December 31, 2017: |
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|
|||||||||||||
|
|||||||||||||
COGS |
Operating
|
Income Tax
|
Net Income | ||||||||||
Per-GAAP | $ | (30,651 | ) | ||||||||||
Loss per share (Per-GAAP) | |||||||||||||
Diluted | $ | (0.62 | ) | ||||||||||
Adjustments to reconcile net loss to non-GAAP net income: | |||||||||||||
M&A | |||||||||||||
Pericom | 2,530 | ||||||||||||
Amortization of acquisition-related intangible assets | 3,086 | (556 | ) | ||||||||||
KFAB | 2,554 | ||||||||||||
Restructuring | 4,029 | (1,410 | ) | ||||||||||
Impairment of fixed assets | - | (125 | ) | 44 | |||||||||
Loss on sale of assets | 25 | (9 | ) | ||||||||||
Others | 47,177 | ||||||||||||
Amortization of acquisition-related intangible assets | 1,614 | (345 | ) | ||||||||||
Impact of Tax Cuts And Jobs Act | 45,908 | ||||||||||||
Non-GAAP | $ | 21,610 | |||||||||||
Diluted shares used in computing earnings per share | 50,926 | ||||||||||||
Non-GAAP earnings per share | |||||||||||||
Diluted | $ | 0.42 |
Note: Included in GAAP and non-GAAP net income was approximately $3.0 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP diluted earnings per share would have improved by $0.06 per share. |
DIODES INCORPORATED AND SUBSIDIARIES | |||||||||
CONSOLIDATED RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME – Cont. | |||||||||
(in thousands, except per share data) |
|||||||||
(unaudited) |
|||||||||
For the three months ended December 31, 2016: |
|||||||||
Operating
|
Income Tax
|
Net Income | |||||||
Per-GAAP | $ | 1,268 | |||||||
Earnings per share (Per-GAAP) | |||||||||
Diluted | $ | 0.03 | |||||||
Adjustments to reconcile net income to non-GAAP net income: | |||||||||
M&A Activities | |||||||||
Pericom | 2,900 | ||||||||
Retention costs | 274 | (95 | ) | ||||||
Amortization of acquisition-related intangible assets | 3,319 | (598 | ) | ||||||
Others | 1,410 | ||||||||
Amortization of acquisition-related intangible assets | 1,779 | (369 | ) | ||||||
Impairment of non-operating investment | 3,218 | (1,126 | ) | 2,092 | |||||
Non-GAAP | $ | 7,670 | |||||||
Diluted shares used in computing earnings per share | 50,038 | ||||||||
Non-GAAP earnings per share | |||||||||
Diluted | $ | 0.15 |
Note: Included in GAAP and non-GAAP adjusted net income was approximately $0.8 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP adjusted diluted earnings per share would have improved by $0.02 per share. |
DIODES INCORPORATED AND SUBSIDIARIES | ||||||||||||
CONSOLIDATED RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME – Cont. | ||||||||||||
(in thousands, except per share data) |
||||||||||||
(unaudited) |
||||||||||||
For the twelve months ended December 31, 2017: |
||||||||||||
COGS |
Operating
|
Income Tax
|
Net Income | |||||||||
Per-GAAP | $ | (1,805 | ) | |||||||||
Loss per share (Per-GAAP) | ||||||||||||
Diluted | $ | (0.04 | ) | |||||||||
Adjustments to reconcile net loss to non-GAAP net income: | ||||||||||||
M&A | ||||||||||||
Pericom | 10,282 | |||||||||||
Retention costs | 353 | (124 | ) | |||||||||
Amortization of acquisition-related intangible assets | 12,260 | (2,207 | ) | |||||||||
KFAB | 9,588 | |||||||||||
Restructuring | 10,137 | (3,548 | ) | |||||||||
Shut-down related costs | 2,722 | (953 | ) | |||||||||
Impairment of fixed assets | 1,868 | (654 | ) | |||||||||
Loss on sale of assets | 25 | (9 | ) | |||||||||
Others | 51,056 | |||||||||||
Amortization of acquisition-related intangible assets | 6,538 | (1,390 | ) | |||||||||
Impact of Tax Cuts And Jobs Act | 45,908 | |||||||||||
Non-GAAP | $ | 69,121 | ||||||||||
Diluted shares used in computing earnings per share | 50,340 | |||||||||||
Non-GAAP earnings per share | ||||||||||||
Diluted | $ | 1.37 |
Note: Included in GAAP and non-GAAP adjusted net income was approximately $12.1 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP adjusted diluted earnings per share would have improved by $0.24 per share. |
DIODES INCORPORATED AND SUBSIDIARIES | |||||||||||
CONSOLIDATED RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME – Cont. | |||||||||||
(in thousands, except per share data) |
|||||||||||
(unaudited) |
|||||||||||
For the three twelve months ended December 31, 2016: |
|||||||||||
COGS |
Operating
|
Income Tax
|
Net Income | ||||||||
Per-GAAP | $ | 15,935 | |||||||||
Earnings per share (Per-GAAP) | |||||||||||
Diluted | $ | 0.32 | |||||||||
Adjustments to reconcile net income to non-GAAP net income: | |||||||||||
M&A Activities | |||||||||||
Pericom | 14,618 | ||||||||||
Inventory adjustment | 3,060 | (153 | ) | ||||||||
Transaction costs | 280 | (98 | ) | ||||||||
Retention costs | 1,464 | (512 | ) | ||||||||
Amortization of acquisition-related intangible assets | 13,243 | (2,384 | ) | ||||||||
Employee award costs | (404 | ) | 122 | ||||||||
Others | 5,736 | ||||||||||
Amortization of acquisition-related intangible assets | 7,235 | (1,499 | ) | ||||||||
Impairment of non-operating investment | 3,218 | (1,126 | ) | 2,092 | |||||||
Non-GAAP | $ | 38,381 | |||||||||
Diluted shares used in computing earnings per share | 49,789 | ||||||||||
Non-GAAP earnings per share | |||||||||||
Diluted | $ | 0.77 |
Note: Included in GAAP and non-GAAP adjusted net income was approximately $9.1 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP adjusted diluted earnings per share would have improved by $0.18 per share. |
ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER
SHARE