| Three-Month Period Ended | Nine-Month Period Ended | |||||||||||||||||||
|
December 25,
2020 |
September 25,
2020 |
December 27,
2019 |
December 25,
2020 |
December 27,
2019 | ||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||
| Reconciliation of Net (Loss) Income | ||||||||||||||||||||
| GAAP Net (Loss) Income | $ | (5,060 | ) | $ | 9,618 | $ | 8,958 | $ | 9,412 | $ | 23,776 | |||||||||
| Non-core (gain) loss on sale of equipment | (7 | ) | 331 | 532 | 286 | 1,091 | ||||||||||||||
| Miscellaneous legal judgement charge | 574 | — | — | 574 | — | |||||||||||||||
| Loss on debt extinguishment | 9,055 | — | — | 9,055 | — | |||||||||||||||
| Foreign currency transaction loss (gain) | 145 | 1,318 | 560 | 1,331 | (2,800 | ) | ||||||||||||||
| Income in earnings of equity investment | (949 | ) | (246 | ) | — | (1,407 | ) | — | ||||||||||||
| PSL and Sanken Distribution Agreement | 1,500 | 2,815 | — | 7,698 | — | |||||||||||||||
| Stock-based compensation | 45,876 | 580 | 303 | 46,901 | 1,051 | |||||||||||||||
| Interest on repaid portion of Term Loan Facility | 2,163 | — | — | 2,163 | — | |||||||||||||||
| AMTC Facility consolidation one-time costs | 2,228 | 1,766 | — | 5,699 | — | |||||||||||||||
| Amortization of acquisition-related intangible assets | 344 | 114 | — | 458 | — | |||||||||||||||
| COVID-19 related expenses | 435 | 471 | — | 4,906 | — | |||||||||||||||
| Transaction fees | 1,729 | 1,871 | 2,335 | 3,717 | 3,782 | |||||||||||||||
| Severance | (181 | ) | — | 454 | 156 | 3,152 | ||||||||||||||
| Tax effect of adjustments to GAAP results | (34,872 | ) | (859 | ) | (992 | ) | (37,539 | ) | 4,497 | |||||||||||
| Non-GAAP Net Income* | $ | 22,980 | $ | 17,779 | $ | 12,150 | $ | 53,410 | $ | 34,549 | ||||||||||
| Basic weighted average common shares | 124,363,078 | 164,431,726 | 164,431,726 | 48,121,026 | 164,431,726 | |||||||||||||||
| Diluted weighted average common shares | 181,916,360 | 164,431,726 | 164,431,726 | 171,638,787 | 164,431,726 | |||||||||||||||
| Non-GAAP Basic Earnings per Share | 0.18 | 0.11 | 0.07 | 1.11 | 0.21 | |||||||||||||||
| Non-GAAP Diluted Earnings per Share | 0.13 | 0.11 | 0.07 | 0.31 | 0.21 | |||||||||||||||
|
Allegro MicroSystems Announces Results for the Third Fiscal Quarter Ended December 25, 2020
* Non-GAAP Provision for Income Taxes does not include tax adjustments for the following components of our net income: additional AMTC related costs, labor savings costs, and out of period adjustment for depreciation expense of GMR assets. The related tax effect of those adjustments to GAAP results were $297, $768 and $898 for the three months ended December 25, 2020, September 25, 2020, and December 27, 2019, respectively, and $1,851 and $3,245 for the nine months ended December 25, 2020 and December 27, 2019, respectively.
|
|
||||||
|
|
|||||||
|
|||||||
