| DIODES INCORPORATED AND SUBSIDIARIES | ||||||||||||||||
| CONSOLIDATED RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME – Cont. | ||||||||||||||||
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(in thousands, except per share data) |
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(unaudited) |
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For the twelve months ended December 31, 2013: |
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Cost of Goods
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Operating
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Other Income
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Income Tax
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Noncontrolling
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Net Income | |||||||||||
| GAAP | $ | 26,532 | ||||||||||||||
| Earnings per share (GAAP) | ||||||||||||||||
| Diluted | $ | 0.56 | ||||||||||||||
| Adjustments to reconcile net income | ||||||||||||||||
| to adjusted net income: | ||||||||||||||||
| Inventory valuations | 5,484 | - | - | (823 | ) | - | 4,661 | |||||||||
| Acquisition costs | - | 600 | - | 110 | - | 710 | ||||||||||
| Retention costs | - | 3,021 | - | (453 | ) | - | 2,568 | |||||||||
| Restructuring costs | - | 1,533 | - | (406 | ) | - | 1,127 | |||||||||
| Impairment of goodwill | - | 5,318 | - | - | (2,606 | ) | 2,712 | |||||||||
| Amortization of acquisition related intangible assets | - | 8,078 | - | (1,704 | ) | - | 6,374 | |||||||||
| Tax expense related to tax audit | - | - | - | 5,447 | - | 5,447 | ||||||||||
| Adjusted (Non-GAAP) | $ | 50,131 | ||||||||||||||
| Diluted shares used in computing | ||||||||||||||||
| earnings per share | 47,658 | |||||||||||||||
| Adjusted earnings per share (Non-GAAP) | ||||||||||||||||
| Diluted | $ | 1.05 | ||||||||||||||
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Diodes Incorporated Reports Fourth Quarter and Fiscal 2013 Financial Results
Note: Included in GAAP and non-GAAP adjusted net income was
approximately $2.4 million, net of tax, non-cash share-based
compensation expense. Excluding share based compensation expense, both
GAAP and non-GAAP adjusted diluted earnings per share would have
improved by $0.05 per share.
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