Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures | ||||||||||||||
(In thousands, except per share data) | ||||||||||||||
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Non-GAAP Income Statement
|
| Three Months Ended July 3, 2021 | ||||||||||||
|
|
| GAAP Measure |
| GAAP Percent of
|
|
| Stock Compensation
|
| Intangible Asset
|
|
| Non-GAAP Measure |
| Non-GAAP Percent of
|
Revenues |
| $169,492 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
| 96,298 |
| 56.8% |
|
| $199 |
| $ -- |
|
| $96,497 |
| 56.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
| 64,832 |
| 38.3% |
|
| 5,488 |
| 8,184 |
|
| 51,160 |
| 30.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
| 42,953 |
| 25.3% |
|
| 5,565 |
| 3,267 |
|
| 34,121 |
| 20.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
| (11,487) |
| (6.8)% |
|
| 11,252 |
| 11,451 |
|
| 11,216 |
| 6.6% |
Non-GAAP Earnings Per Share
|
| Three Months Ended July 3, 2021 | ||||||||||||
|
|
| GAAP Measure |
| Stock
|
| Intangible
|
| Investment
|
| Interest Expense Adjustments* |
| Income Tax Adjustments |
| Non-
|
| Loss from continuing operations |
| $(18,491) |
| $11,252 |
| $11,451 |
| $(236) |
| $4,992 |
| $(1,500) |
| $7,468 |
|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
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| Dilutive Securities Excluded From GAAP Measure Due to Net Loss |
|
| ||||||||
| Diluted shares outstanding |
| 44,803 |
| 953 |
| 45,756 | ||||||||
|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings (loss) per share |
| $ (0.41) |
|
|
|
|
|
|
|
|
|
|
| $ 0.16 |
|
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| * Represents pre-tax amounts | ||||||||||||||
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