| FORMFACTOR, INC. | |||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | |||||||||||||||
| (In thousands, except per share amounts) | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended | Fiscal Year Ended | ||||||||||||||
|
December
29, 2018 |
December
30, 2017 |
December
29, 2018 |
December
30, 2017 | ||||||||||||
| Revenues | $ | 140,887 | $ | 131,901 | $ | 529,675 | $ | 548,441 | |||||||
| Cost of revenues | 84,865 | 83,272 | 319,336 | 332,844 | |||||||||||
| Gross profit | 56,022 | 48,629 | 210,339 | 215,597 | |||||||||||
| Operating expenses: | |||||||||||||||
| Research and development | 18,398 | 18,513 | 74,976 | 73,807 | |||||||||||
| Selling, general and administrative | 25,668 | 24,238 | 99,094 | 94,679 | |||||||||||
| Restructuring charges | 160 | 481 | 160 | 810 | |||||||||||
| Total operating expenses | 44,226 | 43,232 | 174,230 | 169,296 | |||||||||||
| Operating income | 11,796 | 5,397 | 36,109 | 46,301 | |||||||||||
| Interest income | 404 | 264 | 1,356 | 548 | |||||||||||
| Interest expense | (660 | ) | (1,045 | ) | (3,314 | ) | (4,491 | ) | |||||||
| Other income (expense), net | 117 | (170 | ) | (224 | ) | (152 | ) | ||||||||
| Income before income taxes | 11,657 | 4,446 | 33,927 | 42,206 | |||||||||||
| Provision (benefit) for income taxes | (73,443 | ) | (1,142 | ) | (70,109 | ) | 1,293 | ||||||||
| Net income | $ | 85,100 | $ | 5,588 | $ | 104,036 | $ | 40,913 | |||||||
| Net income per share: | |||||||||||||||
| Basic | $ | 1.15 | $ | 0.08 | $ | 1.42 | $ | 0.57 | |||||||
| Diluted | $ | 1.13 | $ | 0.07 | $ | 1.38 | $ | 0.55 | |||||||
| Weighted-average number of shares used in per share calculations: | |||||||||||||||
| Basic | 74,108 | 72,846 | 73,482 | 72,292 | |||||||||||
| Diluted | 75,416 | 74,756 | 75,182 | 74,239 | |||||||||||
