DIODES INCORPORATED AND SUBSIDIARIES |
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RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME |
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(in thousands, except per share data) |
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(unaudited) |
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For the three months ended March 31, 2021: |
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COGS |
Operating
|
Other
|
Income
|
Net Income |
||||||||||
| Per-GAAP | $ |
39,452 |
|
|||||||||||
| Diluted earnings per share (Per-GAAP) |
|
0.87 |
|
|||||||||||
| Adjustments to reconcile net income to non-GAAP net income: | ||||||||||||||
| Amortization of acquisition-related intangible assets | 4,024 |
(744 |
) |
|
3,280 |
|
||||||||
| Acquisition-related costs | 1,908 |
(400 |
) |
|
1,508 |
|
||||||||
| Gain on LSC Investments | (3,655 |
) |
731 |
|
|
(2,924 |
) |
|||||||
| Restructuring Cost | 820 |
(123 |
) |
|
697 |
|
||||||||
| Non-GAAP | $ |
42,013 |
|
|||||||||||
| Diluted shares used in computing earnings per share |
|
45,243 |
|
|||||||||||
| Non-GAAP diluted earnings per share | $ |
0.93 |
|
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|
Diodes Incorporated Reports First Quarter 2021 Financial Results
Note: Throughout this release, we refer to “net income attributable to common stockholders” as “net income.”
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