| NANOMETRICS INCORPORATED | |||||||||||||||||||||||||
| RECONCILIATION OF GAAP TO NON-GAAP RESULTS | |||||||||||||||||||||||||
| (In thousands, except per share amounts) | |||||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||||
| Three Months Ended | |||||||||||||||||||||||||
|
June 25,
2016 |
March 28,
2016 |
June 27,
2015 | |||||||||||||||||||||||
| Reconciliation of GAAP gross profit and gross margin to non-GAAP gross profit and gross margin | |||||||||||||||||||||||||
| GAAP gross profit and gross margin, respectively | $ | 28,425 | 51.0 | % | $ | 24,491 | 51.6 | % | $ | 23,264 | 47.8 | % | |||||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||||
| Amortization of intangible assets | 442 | 0.8 | % | 435 | 0.9 | % | 457 | 0.9 | % | ||||||||||||||||
| Non-GAAP gross profit and gross margin, respectively | $ | 28,867 | 51.8 | % | $ | 24,926 | 52.5 | % | $ | 23,721 | 48.8 | % | |||||||||||||
| Reconciliation of GAAP operating income to non-GAAP operating income | |||||||||||||||||||||||||
| GAAP operating income and operating margin, respectively | $ | 7,336 | 13.2 | % | $ | 3,730 | 7.9 | % | $ | 2,509 | 5.2 | % | |||||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||||
| Amortization of intangible assets included in cost of revenues | 442 | 0.7 | % | 435 | 0.9 | % | 457 | 0.9 | % | ||||||||||||||||
| Amortization of intangible assets included in operating expenses | - | - | 24 | - | 25 | 0.1 | % | ||||||||||||||||||
| Total non-GAAP adjustments to operating income | 442 | 0.7 | % | 459 | 0.9 | % | 482 | 1.0 | % | ||||||||||||||||
| Non-GAAP operating income and operating margin, respectively | $ | 7,778 | 13.9 | % | $ | 4,189 | 8.8 | % | $ | 2,991 | 6.2 | % | |||||||||||||
| Reconciliation of GAAP net income to non-GAAP net income | |||||||||||||||||||||||||
| GAAP net income | $ | 6,031 | $ | 3,467 | $ | 1,344 | |||||||||||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||||
| Total non-GAAP adjustments to non-GAAP operating income | 442 | 459 | 482 | ||||||||||||||||||||||
| Non-GAAP net income | $ | 6,473 | $ | 3,926 | $ | 1,826 | |||||||||||||||||||
| GAAP net income per diluted share | $ | 0.24 | $ | 0.14 | $ | 0.06 | |||||||||||||||||||
| Non-GAAP net income per diluted share | $ | 0.26 | $ | 0.16 | $ | 0.08 | |||||||||||||||||||
| Shares used in diluted net income per share calculation | 24,927 | 24,597 | 24,285 | ||||||||||||||||||||||
Investor Relations Contact: Claire McAdams Headgate Partners LLC 530.265.9899 claire@headgatepartners.com Company Contact: Jeffrey Andreson, CFO Nanometrics Incorporated 408.545.6143 jandreson@nanometrics.com
