| TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |||||||||||
| RECONCILIATION OF CERTAIN FINANCIAL DATA (UNAUDITED) | |||||||||||
| (dollars and share count in thousands, except per share data) | |||||||||||
| S i x m o n t h s e n d e d | |||||||||||
| June 30, | |||||||||||
| 2018 | 2017 | ||||||||||
| RECONCILIATION FROM GAAP NET PROFIT TO ADJUSTED NET PROFIT: | |||||||||||
| GAAP NET PROFIT | $ | 63,860 | $ | 95,526 | |||||||
| Stock based compensation | 6,045 | 4,417 | |||||||||
| Amortization of acquired intangible assets | 3,313 | 4,582 | |||||||||
| ADJUSTED NET PROFIT | $ | 73,218 | $ | 104,525 | |||||||
| ADJUSTED NET PROFIT PER SHARE: | |||||||||||
| Basic | $ | 0.74 | $ | 1.10 | |||||||
| Diluted | $ | 0.72 | $ | 1.03 | |||||||
| Fully diluted | $ | 0.72 | $ | 1.01 | |||||||
| ADJUSTED NET PROFIT USED TO CALCULATE PER SHARE DATA: | |||||||||||
| Basic | $ | 73,218 | $ | 104,525 | |||||||
| Diluted | $ | 73,218 | $ | 108,882 | |||||||
| Fully diluted | $ | 77,949 | $ | 108,882 | |||||||
| NUMBER OF SHARES AND OTHER SECURITIES USED TO CALCULATE PER SHARE DATA: | |||||||||||
| Basic | 98,693 | 95,139 | |||||||||
| Diluted | 101,090 | 105,288 | |||||||||
| Fully diluted | 107,880 | 107,375 | |||||||||
| EBITDA CALCULATION: | |||||||||||
| GAAP OPERATING PROFIT | $ | 76,145 | $ | 110,154 | |||||||
| Depreciation of fixed assets | 94,335 | 90,179 | |||||||||
| Stock based compensation | 6,045 | 4,417 | |||||||||
| Amortization of acquired intangible assets | 3,313 | 4,582 | |||||||||
| EBITDA | $ | 179,838 | $ | 209,332 | |||||||
