| FORMFACTOR, INC. | |||||||||||||||
| RECONCILIATION OF NON-GAAP NET INCOME | |||||||||||||||
| (In thousands, except per share amounts) | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended | Fiscal Year Ended | ||||||||||||||
| December 29, 2018 | December 30, 2017 | December 29, 2018 | December 30, 2017 | ||||||||||||
| GAAP net income | $ | 85,100 | $ | 5,588 | $ | 104,036 | $ | 40,913 | |||||||
| Adjustments to reconcile GAAP net income to Non-GAAP net income: | |||||||||||||||
| Stock-based compensation | 5,406 | 4,952 | 17,827 | 16,230 | |||||||||||
| Restructuring charges, net | 160 | 481 | 160 | 810 | |||||||||||
| Acquisition and integration related expenses | — | 782 | — | 2,520 | |||||||||||
| Amortization of intangibles | 7,497 | 7,515 | 29,373 | 31,509 | |||||||||||
| Income tax valuation allowance release | (75,803 | ) | — | (75,803 | ) | — | |||||||||
| Contingencies | — | — | — | (206 | ) | ||||||||||
| Proceeds from sale of intellectual property | — | — | — | (400 | ) | ||||||||||
| Benefit from U.S. tax reform | — | 715 | — | 715 | |||||||||||
| Income tax effect of non-GAAP adjustments | 1,088 | (2,053 | ) | 555 | (2,624 | ) | |||||||||
| Non-GAAP net income | $ | 23,448 | $ | 17,980 | $ | 76,148 | $ | 89,467 | |||||||
| Non-GAAP net income per share: | |||||||||||||||
| Basic | $ | 0.32 | $ | 0.25 | $ | 1.04 | $ | 1.24 | |||||||
| Diluted | $ | 0.31 | $ | 0.24 | $ | 1.01 | $ | 1.21 | |||||||
| Weighted-average number of shares used in per share calculations: | |||||||||||||||
| Basic | 74,108 | 72,846 | 73,482 | 72,292 | |||||||||||
| Diluted | 75,416 | 74,756 | 75,182 | 74,239 | |||||||||||
