Xcerra Announces Second Quarter Results
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Xcerra Corporation | | | | | | | | | |
Reconciliation of GAAP Net Income to No
n-GAAP Net (Loss) Income | | | | | | | | | |
(In thousands, except per share amounts)
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(unaudited)
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Three Months |
Basic |
Diluted |
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Three Months |
Basic |
Diluted |
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Ended |
Earnings |
Earnings |
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Ended |
Earnings |
Earnings |
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January 31, 2016 |
Per Share |
Per Share |
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January 31, 2015 |
Per Share |
Per Share |
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| | GAAP net income | $ | 4,436 | | $ | 0.08 | | $ | 0.08 | | | $ | 3,929 | | $ | 0.07 | | $ | 0.07 | | | | (Income) loss from discontinued operations | | (8,363 | ) | | (0.16 | ) | | (0.16 | ) | | | 663 | | | 0.01 | | | 0.01 | | | | Amortization of purchased intangible assets | | 296 | | | 0.01 | | | 0.01 | | | | 449 | | | 0.01 | | | 0.01 | | | | Restructuring | | 252 | | | - | | | - | | | | 230 | | | - | | | - | | | | Amortization of inventory step up for purchase accounting | | - | | | - | | | - | | | | 498 | | | 0.01 | | | 0.01 | | | | Gain from financing activities (Other income, net) | | - | | | - | | | - | | | | (2,685 | ) | | (0.05 | ) | | (0.05 | ) | | | Non-GAAP net (loss) income | $ | (3,379 | ) | $ | (0.06 | ) | $ | (0.06 | ) | | $ | 3,084 | | $ | 0.05 | | $ | 0.05 | | | | | | | | | | | | | | Weighted average shares outstanding: | | | 53,608 | | | 53,608 | | | | | 54,362 | | | 54,667 | | | | | | | | | | |
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Six Months |
Basic |
Diluted |
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Six Months |
Basic |
Diluted | | |
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Ended |
Earnings |
Earnings |
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Ended |
Earnings |
Earnings | | |
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January 31, 2016 |
Per Share |
Per Share |
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January 31, 2015 |
Per Share |
Per Share | | |
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| | | GAAP net income | $ | 2,771 | | $ | 0.05 | | $ | 0.05 | | | $ | 15,991 | | $ | 0.30 | | $ | 0.30 | | | | (Gain) loss from discontinued operations | | (7,576 | ) | | (0.14 | ) | | (0.14 | ) | | | 1,094 | | | 0.02 | | | 0.02 | | | | Amortization of purchased intangible assets | | 710 | | | 0.01 | | | 0.01 | | | | 984 | | | 0.02 | | | 0.02 | | | | Restructuring | | 384 | | | 0.01 | | | 0.01 | | | | 938 | | | 0.02 | | | 0.02 | | | | Amortization of inventory step up for purchase accounting | | - | | | - | | | - | | | | 1,991 | | | 0.04 | | | 0.04 | | | | Gain from financing activities (Other income, net) | | - | | | - | | | - | | | | (2,685 | ) | | (0.05 | ) | | (0.05 | ) | | | Non-GAAP net (loss) income | $ | (3,711 | ) | $ | (0.07 | ) | $ | (0.07 | ) | | $ | 18,313 | | $ | 0.35 | | $ | 0.34 | | | | | | | | | | | | | | Weighted average shares outstanding: | | | 54,049 | | | 54,141 | | | | | 52,745 | | | 53,510 | | |
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