Loss Per Share
Quarter and Six Months Ended June 30, 2018 and 2017
| Quarter Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| (in thousands, except per share amounts) | 2018 | 2017 | 2018 | 2017 | |||||||||||
| Numerator for basic and diluted net loss per share: | |||||||||||||||
| Net loss attributable to 3D Systems Corporation | $ | (8,862 | ) | $ | (8,416 | ) | $ | (29,819 | ) | $ | (18,387 | ) | |||
| Denominator for basic and diluted net loss per share: | |||||||||||||||
| Weighted average shares | 111,920 | 111,398 | 111,870 | 111,350 | |||||||||||
| Net loss per share - basic and diluted | $ | (0.08 | ) | $ | (0.08 | ) | $ | (0.27 | ) | $ | (0.17 | ) | |||
3D Systems Corporation
Schedule 2
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Quarter and Six Months Ended June 30, 2018 and 2017
| Quarter Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| (in millions, except per share amounts) | 2018 | 2017 | 2018 | 2017 | |||||||||||
| GAAP net loss attributable to 3D Systems Corporation | $ | (8.9 | ) | $ | (8.4 | ) | $ | (29.8 | ) | $ | (18.4 | ) | |||
| Adjustments: | |||||||||||||||
| Amortization, stock-based compensation & other 1 | 14.5 | 16.3 | 29.6 | 32.3 | |||||||||||
| Legal and acquisition-related 2 | (0.4 | ) | 0.7 | — | 1.7 | ||||||||||
| Cost optimization plan 3 | 1.0 | — | 1.6 | — | |||||||||||
| Impairment of cost-method investments 4 | — | — | 1.4 | — | |||||||||||
| Non-GAAP net income (loss) attributable to 3D Systems Corporation | $ | 6.2 | $ | 8.6 | $ | 2.8 | $ | 15.6 | |||||||
| Non-GAAP net income (loss) per share available to 3D Systems common stock holders - basic and diluted 5 | $ | 0.06 | $ | 0.08 | $ | 0.02 | $ | 0.14 | |||||||
| 1 For the quarter ended June 30, 2018, the adjustment included $0.1 in COGS and $14.4 in SG&A. For the quarter ended June 30, 2017, the adjustment included $0.1 in COGS and $16.2 in SG&A. For the six months ended June 30, 2018, the adjustment included $0.2 in COGS and $29.4 in SG&A. For the six months ended June 30, 2017, the adjustment included $0.2 in COGS and $32.1 in SG&A. | |||||||||||||||
| 2 For the quarter ended June 30, 2018, the adjustment included ($0.4) in SG&A. 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 six months ended June 30, 2017, the adjustment included $1.5 in SG&A and $0.2 in interest and other income, net. | |||||||||||||||
| 3 For the quarter ended June 30, 2018, the adjustment included $0.2 in COGS, $0.7 in SG&A and $0.1 in R&D. For the six months ended June 30, 2018, the adjustment included $0.3 in COGS, $1.1 in SG&A, and approximately $0.2 in R&D. | |||||||||||||||
| 4 The Company has minority investments of less than 20% ownership in enterprises that benefit from, or are powered by its technology portfolio. The value of each of these investments is assessed periodically, and impairment recorded when required. For the quarter and six months ended June 30, 2018, the adjustment included zero and $1.4, respectively, in interest and other expense, net. The Company excluded this amount as it is not related to on-going operations, and intends to exclude these impairment amounts from non-GAAP net income going forward. | |||||||||||||||
| 5 Denominator based on weighted average shares used in the GAAP EPS calculation. | |||||||||||||||
