| Alpha and Omega Semiconductor Limited | |||||||||||||||||||
| Reconciliation of Condensed Consolidated GAAP Financial Measures to Non-GAAP Financial Measures | |||||||||||||||||||
| (in thousands, except percentages and per share data) | |||||||||||||||||||
| (unaudited) | |||||||||||||||||||
| Three Months Ended | Fiscal Year Ended | ||||||||||||||||||
|
June 30,
2016 |
March 31,
2016 |
June 30,
2015 |
June 30,
2016 |
June 30,
2015 | |||||||||||||||
| GAAP gross profit | $ | 19,470 | $ | 16,319 | $ | 14,316 | $ | 65,822 | $ | 60,482 | |||||||||
| Share-based compensation | 161 | 187 | 174 | 636 | 669 | ||||||||||||||
| Non-GAAP gross profit | $ | 19,631 | $ | 16,506 | $ | 14,490 | $ | 66,458 | $ | 61,151 | |||||||||
| Non-GAAP gross margin as a % of revenue | 21.5 | % | 19.9 | % | 17.8 | % | 19.8 | % | 18.6 | % | |||||||||
| GAAP operating income (loss) | $ | 2,554 | $ | (171 | ) | $ | (2,105 | ) | $ | 1,510 | $ | (4,218 | ) | ||||||
| Share-based compensation | 1,266 | 1,173 | 1,171 | 4,313 | 4,490 | ||||||||||||||
| Joint venture related costs | 241 | 180 | — | 421 | — | ||||||||||||||
| Impairment of long-lived assets | — | — | — | 432 | — | ||||||||||||||
| Non-GAAP operating income (loss) | $ | 4,061 | $ | 1,182 | $ | (934 | ) | $ | 6,676 | $ | 272 | ||||||||
| Non-GAAP operating income (loss) as a % of revenue | 4.4 | % | 1.4 | % | (1.1 | )% | 2.0 | % | 0.1 | % | |||||||||
| GAAP net income (loss) attributable to AOS | $ | 1,921 | $ | (1,263 | ) | $ | (2,925 | ) | $ | (2,928 | ) | $ | (7,763 | ) | |||||
| Share-based compensation | 1,266 | 1,173 | 1,171 | 4,313 | 4,490 | ||||||||||||||
| Joint venture related costs | 137 | 180 | — | 317 | — | ||||||||||||||
| Impairment of long-lived assets | — | — | — | 432 | — | ||||||||||||||
| Non-GAAP net income (loss) attributable to AOS | $ | 3,324 | $ | 90 | $ | (1,754 | ) | $ | 2,134 | $ | (3,273 | ) | |||||||
| Non-GAAP net income (loss) attributable to AOS as a % of revenue | 3.6 | % | 0.1 | % | (2.2 | )% | 0.6 | % | (1.0 | )% | |||||||||
| GAAP net income (loss) attributable to AOS | $ | 1,921 | $ | (1,263 | ) | $ | (2,925 | ) | $ | (2,928 | ) | $ | (7,763 | ) | |||||
| Share-based compensation | 1,266 | 1,173 | 1,171 | 4,313 | 4,490 | ||||||||||||||
| Amortization and depreciation | 6,599 | 6,927 | 6,741 | 27,303 | 27,547 | ||||||||||||||
| Interest expense (income), net | (13 | ) | (5 | ) | 10 | (21 | ) | 75 | |||||||||||
| Income tax expense | 573 | 1,219 | 1,071 | 4,021 | 3,897 | ||||||||||||||
| EBITDA | $ | 10,346 | $ | 8,051 | $ | 6,068 | $ | 32,688 | $ | 28,246 | |||||||||
| GAAP diluted net income(loss) per share attributable to AOS | $ | 0.08 | $ | (0.06 | ) | $ | (0.11 | ) | $ | (0.13 | ) | $ | (0.29 | ) | |||||
| Share-based compensation | 0.05 | 0.05 | 0.04 | 0.19 | 0.17 | ||||||||||||||
| Joint venture related costs | 0.01 | 0.01 | — | 0.01 | — | ||||||||||||||
| Impairment of long-lived assets | — | — | — | 0.02 | — | ||||||||||||||
| Non-GAAP diluted net income (loss) per share attributable to AOS | $ | 0.14 | $ | — | $ | (0.07 | ) | $ | 0.09 | $ | (0.12 | ) | |||||||
| Shares used to compute basic per share | 22,608 | 22,232 | 26,307 | 22,452 | 26,429 | ||||||||||||||
| Shares used to compute dilute per share | 23,630 | 22,944 | 26,307 | 23,114 | 26,429 | ||||||||||||||
|
Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Fourth Quarter and the Fiscal Year Ended June 30, 2016
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