Richardson Electronics Reports Fourth Quarter Fiscal 2021 Net Income of $1.9 Million; Fiscal 2021 Net Income of $1.7 Million and Non-GAAP Net Income* of $3.3 Million; Declares Quarterly Cash Dividend
Richardson Electronics, Ltd.
Unaudited Reconciliation between GAAP and Non-GAAP Financial Measures
(in thousands, except per share amounts) | | | | | | | | | | | |
Three Months Ended | | |
Twelve Months Ended | | | | |
May 29, 2021 | | |
May 30, 2020 | | |
May 29, 2021 | | |
May 30, 2020 | | |
Selling, general and administrative expenses reconciliation | | | | | | | | | | | | | | | | | | Selling, general and administrative expenses | | $ | 14,001 | | | $ | 12,660 | | | $ | 55,925 | | | $ | 51,327 | | | Legal settlement | | | — | | | | — | | | | (1,600 | ) | | | — | | |
Non-GAAP selling, general and administrative expenses | | $ | 14,001 | | | $ | 12,660 | | | $ | 54,325 | | | $ | 51,327 | | | | | | | | | | | | | | | | | | | | |
Operating income (loss) reconciliation | | | | | | | | | | | | | | | | | | Operating income (loss) | | $ | 2,337 | | | $ | (1,290 | ) | | $ | 2,887 | | | $ | (1,657 | ) | | Legal settlement | | | — | | | | — | | | | 1,600 | | | | — | | |
Non-GAAP operating income (loss) reconciliation | | $ | 2,337 | | | $ | (1,290 | ) | | $ | 4,487 | | | $ | (1,657 | ) | | | | | | | | | | | | | | | | | | | |
Net income (loss) reconciliation | | | | | | | | | | | | | | | | | | Net income (loss) | | $ | 1,885 | | | $ | (1,280 | ) | | $ | 1,655 | | | $ | (1,838 | ) | | Legal settlement | | | — | | | | — | | | | 1,600 | | | | — | | |
Non-GAAP net income (loss) reconciliation | | $ | 1,885 | | | $ | (1,280 | ) | | $ | 3,255 | | | $ | (1,838 | ) | | | | | | | | | | | | | | | | | | | |
Net income (loss) per share (diluted) reconciliation | | | | | | | | | | | | | | | | | | Net income (loss) per share (diluted) | | $ | 0.14 | | | $ | (0.10 | ) | | $ | 0.13 | | | $ | (0.14 | ) | | Legal settlement | | | — | | | | — | | | | 0.12 | | | | — | | |
Non-GAAP net income (loss) per share (diluted) reconciliation | | $ | 0.14 | | | $ | (0.10 | ) | | $ | 0.25 | | | $ | (0.14 | ) |
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