Power Electronics for Green Energy
II-VI Historical GAAP EPS and Adjusted EPS Equivalent
To calculate EPS comparable to some peers, below are the values of typical adjustments used by other companies
II-VI Consolidated
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Summary of Typical Industry Non-
GAAP Adjustments
FY17
FY17
FY17
FY17
FY18
FY18
Q4
FY18 FY18
Q1
Q2
FY19 FY19
Q3
Q4
FY19 FY19
Amortization
3.2
3.2
3.1
3.2
3.6
3.8
3.6
3.6
3.7
4.1
4.2
4.6
Share Based Comp - COGS
0.7
0.6
0.7
0.5
1.0
0.8
0.4
0.6
1.0
0.5
0.9
0.8
Share Based Comp - SGA
3.4
3.3
3.8
3.0
5.3
4.5
3.2
3.8
4.3
4.5
7.0
6.0
M&A Related Expenses
0.3
2.0
1.9
8.6
4.1
4.8
7.3
7.1
7.6
7.0
11.9
9.1
7.2
8.0
10.9
17.7
16.2
16.2
Tax
(8.4)
(0.1)
(0.2)
(0.1)
(0.2)
(0.4)
Impact of the "Tax Cuts and Jobs Act"
and Company Actions
15.8
(6.5)
(1.3)
PAT
7.3
7.1
7.6
(1.4)
11.9
24.9
0.6
6.5
10.9
17.7
16.0
15.8
Outstand Shares
63.6
64.4
65.0
65.0
65.3
65.0
72.4*
65.1
66.2
65.7
65.7
65.7
EPS Impact of Typical Industry Non-
GAAP Adj.
0.11
0.11
0.12
(0.02)
0.18
0.38
0.01
0.10
0.16
0.27
0.24
0.24
*
Average Shares Outstanding - Diluted for the Three Months Ended March 31, 2018 was calculated under the If-Converted method to account for the Company's convertible debt. Reference Table 7:
Earnings Per Share Reconciliation from the Q3 FY2018 Earnings Release.
IIVI
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