|
FORMFACTOR, INC.
NON-GAAP FINANCIAL MEASURE RECONCILIATIONS (In thousands, except per share amounts) (Unaudited) | |||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||
|
September 28,
2024 |
June 29,
2024 |
September 30,
2023 |
September 28,
2024 |
September 30,
2023 | |||||||||||||||
| GAAP net income | $ | 18,736 | $ | 19,392 | $ | 4,371 | $ | 59,909 | $ | 6,541 | |||||||||
| Adjustments: | |||||||||||||||||||
| Amortization of intangibles, inventory and fixed asset fair value adjustments due to acquisitions, and other | 770 | 824 | 1,584 | 2,381 | 7,143 | ||||||||||||||
| Stock-based compensation | 8,936 | 10,209 | 10,839 | 29,550 | 29,333 | ||||||||||||||
| Restructuring charges | 773 | — | — | 856 | 1,540 | ||||||||||||||
| Gain on sale of business and related costs | 13 | (267 | ) | 2,139 | (19,879 | ) | 2,139 | ||||||||||||
| Income tax effect of non-GAAP adjustments | (2,002 | ) | (2,835 | ) | (1,617 | ) | (3,924 | ) | (5,650 | ) | |||||||||
| Non-GAAP net income | $ | 27,226 | $ | 27,323 | $ | 17,316 | $ | 68,893 | $ | 41,046 | |||||||||
| GAAP net income per share: | |||||||||||||||||||
| Basic | $ | 0.24 | $ | 0.25 | $ | 0.06 | $ | 0.77 | $ | 0.08 | |||||||||
| Diluted | $ | 0.24 | $ | 0.25 | $ | 0.06 | $ | 0.76 | $ | 0.08 | |||||||||
| Non-GAAP net income per share: | |||||||||||||||||||
| Basic | $ | 0.35 | $ | 0.35 | $ | 0.22 | $ | 0.89 | $ | 0.53 | |||||||||
| Diluted | $ | 0.35 | $ | 0.35 | $ | 0.22 | $ | 0.88 | $ | 0.53 | |||||||||
