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3D Systems Corporation | |||||||||||
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Schedule 1 | |||||||||||
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Earnings (Loss) Per Share | |||||||||||
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Quarter and Six Months Ended June 30, 2017 and 2016 | |||||||||||
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Quarter Ended June 30, |
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Six Months Ended June 30, | ||||||||
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(in thousands, except per share amounts) |
2017 |
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2016 |
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2017 |
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2016 | ||||
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Numerator for basic and diluted net loss per share: |
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Net loss attributable to 3D Systems Corporation |
$ |
(8,416) |
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$ |
(4,684) |
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$ |
(18,387) |
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$ |
(22,436) |
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Denominator for basic and diluted net loss per share: |
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Weighted average shares |
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111,398 |
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111,166 |
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111,350 |
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111,288 |
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Net loss per share, basic and diluted |
$ |
(0.08) |
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$ |
(0.04) |
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$ |
(0.17) |
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$ |
(0.20) |
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3D Systems Corporation | |||||||||||
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Schedule 2 | |||||||||||
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Unaudited Reconciliations of GAAP to Non-GAAP Measures | |||||||||||
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Quarter and Six Months Ended June 30, 2017 and 2016 | |||||||||||
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($ in millions, except per share amounts) |
Quarter Ended June 30, |
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Six Months Ended June 30, | |||||||
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2017 |
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2016 |
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2017 |
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2016 | |||||
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GAAP Net loss attributable to 3D Systems Corporation |
$ |
(8.4) |
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$ |
(4.6) |
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$ |
(18.4) |
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$ |
(22.4) |
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Adjustments: |
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Amortization, stock-based compensation & other 1 |
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16.3 |
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16.1 |
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32.3 |
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36.6 |
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Legal and acquisiton-related 2 |
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0.7 |
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1.8 |
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1.7 |
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2.7 |
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Portfolio restructuring 3 |
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- |
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- |
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- |
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- |
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Tax effect of adjustments 3 |
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- |
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- |
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- |
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1.5 | ||
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Non-GAAP net income attributable to 3D Systems Corporation |
$ |
8.6 |
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$ |
13.2 |
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$ |
15.6 |
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$ |
18.4 |
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Non-GAAP net income per share available to 3D Systems
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$ |
0.08 |
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$ |
0.12 |
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$ |
0.14 |
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$ |
0.17 |
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1 For the quarter ended June 30, 2017, the adjustment included $0.1 in COGS and $16.2 in SG&A. For the quarter ended June 30, 2016, the adjustment included $0.1 in COGS and $16.0 SG&A. For the six months ended June 30, 2017, the adjustment included $0.2 in COGS and $32.1 in SG&A. For the six months ended June 30, 2016, the adjustment included $0.2 in COGS and $36.4 in SG&A. | |||||||||||
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2 For the quarter ended June 30, 2017, the adjustment included $0.5 in SG&A and $0.2 in interest and other income, net. For the quarter ended June 30, 2016 the adjustment included included $1.8 in SG&A. For the six months ended June 30, 2017, the adjustment included $1.5 in SG&A and $0.2 in interest and other income, net. For the six months ended June 30, 2016 the adjustment included $2.7 in SG&A. | |||||||||||
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3 Tax effect for the quarter ended March 31, 2016 was calculated quarterly based on the Company's overall tax rate. Tax effect for the quarters ended after March 31, 2016 were calculated based on the Company's quarterly U.S. tax rate of 0%, which is due to valuation allowances in connection with GAAP net losses. | |||||||||||
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4 Denominator based on diluted shares used in the GAAP EPS calculation. | |||||||||||
