FORMFACTOR, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited)
| Three Months Ended | Fiscal Year Ended | ||||||||||||||
| December 30, 2017 | December 31, 2016 | December 30, 2017 | December 31, 2016 | ||||||||||||
| Revenues | $ | 131,901 | $ | 123,888 | $ | 548,441 | $ | 383,881 | |||||||
| Cost of revenues | 83,272 | 83,613 | 332,844 | 281,199 | |||||||||||
| Gross profit | 48,629 | 40,275 | 215,597 | 102,682 | |||||||||||
| Operating expenses: | |||||||||||||||
| Research and development | 18,513 | 18,218 | 73,807 | 57,453 | |||||||||||
| Selling, general and administrative | 24,238 | 23,890 | 94,679 | 73,444 | |||||||||||
| Restructuring and impairment charges, net | 481 | 12,697 | 810 | 19,692 | |||||||||||
| Total operating expenses | 43,232 | 54,805 | 169,296 | 150,589 | |||||||||||
| Operating income (loss) | 5,397 | (14,530 | ) | 46,301 | (47,907 | ) | |||||||||
| Interest income | 264 | 60 | 548 | 327 | |||||||||||
| Interest expense | (1,045 | ) | (1,255 | ) | (4,491 | ) | (2,391 | ) | |||||||
| Other income (expense), net | (170 | ) | 308 | (152 | ) | (224 | ) | ||||||||
| Income (loss) before income taxes | 4,446 | (15,417 | ) | 42,206 | (50,195 | ) | |||||||||
| Provision (benefit) for income taxes | (1,142 | ) | 26 | 1,293 | (43,638 | ) | |||||||||
| Net income (loss) | $ | 5,588 | $ | (15,443 | ) | $ | 40,913 | $ | (6,557 | ) | |||||
| Net income (loss) per share: | |||||||||||||||
| Basic | $ | 0.08 | $ | (0.22 | ) | $ | 0.57 | $ | (0.10 | ) | |||||
| Diluted | $ | 0.07 | $ | (0.22 | ) | $ | 0.55 | $ | (0.10 | ) | |||||
| Weighted-average number of shares used in per share calculations: | |||||||||||||||
| Basic | 72,846 | 70,807 | 72,292 | 64,941 | |||||||||||
| Diluted | 74,756 | 70,807 | 74,239 | 64,941 | |||||||||||
