EX-99.5 6 exhibit99-5.htm RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION

PHOTRONICS, INC. AND SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Financial Information
(in thousands, except per share data)
(Unaudited)

		Three Months Ended						Nine Months Ended
		August 3,			July 28,			August 3,				July 28,
		2014			2013			2014				2013
Reconciliation of GAAP to Non-GAAP Net Income
Attributable to Photronics, Inc. Shareholders
GAAP net income attributable to Photronics, Inc. shareholders		$	4,186		$	5,940		$	21,719			$	13,126
(a) Gain on acquisition, net of tax			-			-			(16,372	)			-
(b) Acquisition transaction expenses, net of tax			-			-			2,455				-
Non-GAAP net income attributable to Photronics, Inc. shareholders		$	4,186		$	5,940		$	7,802			$	13,126
Reconciliation of GAAP to Non-GAAP Net Income
Applicable to Common Shareholders
Weighted average number of diluted shares outstanding
GAAP			62,432		66,177				77,706				61,478
Non-GAAP			62,432			66,177			62,283				61,478
Net income per diluted share
GAAP		$	0.07		$	0.10		$	0.34			$	0.21
Non-GAAP		$	0.07		$	0.10		$	0.13			$	0.21

(a)		Represents gain on acquisition of DNP Photomask Technology Taiwan Co., Ltd (DPTT), a wholly-owned subsidiary of Dai Nippon Printing Co., Ltd.
(b)		Represents transaction expenses in connection with the acquisition of DPTT