Xcerra Announces Second Quarter Results


Xcerra Corporation        
Reconciliation of GAAP Net Income to No n-GAAP Net (Loss) Income        
(In thousands, except per share amounts)          
(unaudited)          
         
  Three Months  Basic  Diluted    Three Months  Basic  Diluted  
  Ended  Earnings  Earnings    Ended  Earnings  Earnings  
  January 31, 2016  Per Share  Per Share    January 31, 2015  Per Share  Per Share  
                 
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    
                 
                 
  Six Months  Basic  Diluted    Six Months  Basic  Diluted  
  Ended  Earnings  Earnings    Ended  Earnings  Earnings  
  January 31, 2016  Per Share  Per Share    January 31, 2015  Per Share  Per Share  
                 
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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