Fairchild Reports Results for the First Quarter of 2016


Fairchild Semiconductor International, Inc.
Reconciliation of Net Income (Loss) To Adjusted Net Income
(In millions)
(Unaudited)
       
   Three Months Ended
   March 27,  December 27,  March 29,
   2016  2015  2015
       
Net income (loss) $14.8  $(7.1) $1.1 
Adjustments to reconcile net income (loss) to adjusted net income:            
Restructuring, impairments, and other costs 1.4  11.0  4.7 
Gain on disposal of held for sale assets (12.3)    
Acquisition-related costs (2) 5.5  6.5   
Accelerated depreciation on assets related to factory closures (1)   (0.1) 4.5 
Inventory write-offs associated with factory closures (1)   (0.1)  
Goodwill impairment charge     0.6 
Amortization of acquisition-related intangibles 1.9  2.3  2.1 
Associated tax effects of the above and other acquisition-related intangibles 0.3  0.2  0.3 
Adjusted net income $11.6  $12.7  $13.3 
             
Adjusted net income per common share:            
Basic $0.10  $0.11  $0.11 
Diluted $0.10  $0.11  $0.11 
       
(1) Recorded in cost of sales      
(2) Recorded in cost of sales, research and development, and selling, general and administrative           

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