Kimball Electronics, Inc. Reports Second Quarter Fiscal Year 2019 Results

Reconciliation of Non-GAAP Financial Measures      
(Unaudited)       
(Amounts in Thousands, except Per Share Data)       
        
Operating Income excluding Lawsuit Proceeds
  Three Months Ended  Six Months Ended
  December 31,  December 31,
  2018  2017  2018  2017
Operating Income, as reported (1)$10,212  $10,119  $17,244  $19,642 
Less: Pre-tax Settlement Proceeds from Lawsuit    92   
Adjusted Operating Income (1)$10,212  $10,119  $17,152  $19,642 
        
        
Net Income excluding Tax Reform and Lawsuit Proceeds
  Three Months Ended  Six Months Ended
  December 31,  December 31,
  2018  2017  2018  2017
Net Income (Loss), as reported$7,115  $(8,347) $12,184  $133 
Add: Adjustments to Provision for Income Taxes Resulting from Tax Reform(251) 16,580  (251) 16,580 
Less: After-tax Settlement Proceeds from Lawsuit    70   
Adjusted Net Income$6,864  $8,233  $11,863  $16,713 
        
Diluted Earnings per Share excluding Tax Reform and Lawsuit Proceeds
  Three Months Ended  Six Months Ended
  December 31,  December 31,
  2018  2017  2018  2017
Diluted Earnings (Loss) per Share, as reported$0.27   $ (0.31 )   $ 0.46     $ 0.00  
Add: Adjustments to Provision for Income Taxes Resulting from Tax Reform (0.01 )   0.62     (0.01 )   0.62  
Less: Impact of Settlement Proceeds from Lawsuits         0.00      
Adjusted Diluted Earnings per Share $ 0.26     $ 0.31     $ 0.45     $ 0.62  
               
               
Return on Invested Capital (ROIC)              
      Twelve Months Ended
      December 31,
          2018   2017
Operating Income (GAAP) (1)         $ 39,640     $ 37,515  
Less: Pre-tax Settlement Proceeds from Lawsuit         $ 92     $  
Adjusted Operating Income (non-GAAP) (1)         $ 39,548     $ 37,515  
Tax Effect (2)         $ 8,982     $ 7,269  
After Tax Adjusted Operating Income         $ 30,566     $ 30,246  
Average Invested Capital (3)         $ 342,408     $ 308,339  
ROIC         8.9 %   9.8 %

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