Allegro MicroSystems Reports First Quarter 2025 Results
|
Reconciliation of Non-GAAP Profit before Tax | | | | | | | | | |
| | |
Three-Month Period Ended | |
| | |
June 28, 2024 | | |
March 29, 2024 | | |
June 30, 2023 | |
| | |
(Dollars in thousands) | |
|
GAAP (Loss) Income before Income Taxes | |
$ |
(16,573 |
) | |
$ |
17,251 | | |
$ |
68,104 | |
| | | | | | | | | | |
| Transaction-related costs | | | 1,842 | | | | 7,144 | | | | 3,079 | |
| Transaction-related interest | | | 709 | | | | 163 | | | | — | |
| Impairment of long-lived assets | | | — | | | | 13,218 | | | | — | |
| Purchased intangible amortization | | | 5,410 | | | | 5,501 | | | | 760 | |
| Restructuring costs | | | 2,414 | | | | 2,441 | | | | — | |
| Stock-based compensation | | | 10,118 | | | | 9,618 | | | | 11,042 | |
| Other costs (1) | | | 2,807 | | | | (2,319 | ) | | | 4,589 | |
|
Total Non-GAAP Adjustments | |
$ |
23,300 | | |
$ |
35,766 | | |
$ |
19,470 | |
| | | | | | | | | | |
|
Non-GAAP Profit before Tax | |
$ |
6,727 | | |
$ |
53,017 | | |
$ |
87,574 | |
| | | | | | | | | | |
| (1) Included in non-GAAP other costs are non-recurring charges that are individually immaterial for separate disclosure such as project evaluation costs, which consist of costs incurred in connection with debt and equity financings or other non-recurring transactions and income (loss) in earnings of equity investments. | |
| | |
