FORMFACTOR, INC.
NON-GAAP FINANCIAL MEASURE RECONCILIATIONS
(In thousands, except per share amounts)
(Unaudited)
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||
|
December 25,
2021 |
September 25,
2021 |
December 26,
2020 |
December 25,
2021 |
December 26,
2020 | |||||||||||||||
| GAAP net income | $ | 25,897 | $ | 20,497 | $ | 19,273 | $ | 83,924 | $ | 78,523 | |||||||||
| Adjustments: | |||||||||||||||||||
| Amortization of intangibles, inventory and fixed asset fair value adjustments due to acquisitions | 2,766 | 3,149 | 8,663 | 21,273 | 29,670 | ||||||||||||||
| Stock-based compensation | 7,799 | 7,920 | 7,056 | 29,384 | 23,830 | ||||||||||||||
| Restructuring charges | (1,143 | ) | 4,633 | — | 4,124 | — | |||||||||||||
| Loss (gain) on contingent consideration | — | — | 892 | (95 | ) | (2,879 | ) | ||||||||||||
| Acquisition related expenses | — | — | 140 | 209 | 509 | ||||||||||||||
| Income tax effect of non-GAAP adjustments | (657 | ) | (4,571 | ) | (675 | ) | (13,307 | ) | (11,669 | ) | |||||||||
| Non-GAAP net income | $ | 34,662 | $ | 31,628 | $ | 35,349 | $ | 125,512 | $ | 117,984 | |||||||||
| GAAP net income per share: | |||||||||||||||||||
| Basic | $ | 0.33 | $ | 0.26 | $ | 0.25 | $ | 1.08 | $ | 1.02 | |||||||||
| Diluted | $ | 0.33 | $ | 0.26 | $ | 0.24 | $ | 1.06 | $ | 0.99 | |||||||||
| Non-GAAP net income per share: | |||||||||||||||||||
| Basic | $ | 0.44 | $ | 0.41 | $ | 0.46 | $ | 1.61 | $ | 1.54 | |||||||||
| Diluted | $ | 0.44 | $ | 0.40 | $ | 0.44 | $ | 1.59 | $ | 1.49 | |||||||||
