Power Electronics for Green Energy
II-VI Segment Reconciliation: Operating Income to Adjusted Operating Income
IIVI
Q4 FY19
FY19
FY18
Adjusted II-VI Laser Solutions Operating Income
$
11.7
$ 49.3
$
49.9
Stock Compensation
Amortization
Acquired businesses one-time expenses
(1.4)
(7.0)
(5.7)
(0.6)
(2.1)
(2.1)
(2.0)
$
9.7
$
40.2
$
40.1
II-VI Laser Solutions Operating Income
Adjusted II-VI Photonics Operating Income
$
28.2
$
106.6
$
83.2
Stock Compensation
(3.6)
(12.0)
(10.5)
Amortization
(2.4)
(9.3)
(9.5)
Acquired businesses one-time expenses
(3.4)
II-VI Photonics Operating Income
$
22.2
$
81.9
$
63.2
Adjusted II-VI Performance Products Operating Income
$
17.0
$ 53.8
$
40.0
Stock Compensation
(1.8)
(6.0)
(3.5)
Amortization
(1.6)
(5.2)
(3.0)
Acquired businesses one-time expenses
(0.2)
(0.4)
II-VI Performance Products Operating Income
$
ՄԴ
13.4
$
42.2
$
33.5
Transaction expenses related to pending merger
(4.6)
(15.6)
Total Operating Income
$
40.7
$
148.7
$
136.8
Adjusted Operating Income
$
56.9
$
209.7
$
173.1
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