16. (in thousands) Q1’16 Q2’16 Q3’16 Q4’16 Q1’17
Reported net income (loss) on a GAAP basis $(3,239) $723 $2,614 $9,953 $14,341
Amortization of intangible assets (1) $1,440 $1,440 $1,438 $1,439 $1,231
Executive transition costs (2) - - $925 - -
Restructuring charges (3) $177 $70 $(105) $109 -
Impairment of “Held for Sale” Assets (4) - - - $666 -
Termination of Contractual Obligation (5) - - - $438 -
Income tax effect of non-GAAP adjustments (6) $(385) $(406) $(574) $(549) $(256)
Income tax effect of valuation allowance (7) $1,876 $1,384 $1,391 $(49) $576
Non-GAAP net income (loss) $(131) $3,211 $5,689 $12,007 $15,892
16
Reconciliation: GAAP Net Income to Non-GAAP Net Income
(1) Amortization of intangible assets related to the Company's acquisitions of AIT, Marchi and Miconex
(2) Represents expense for termination benefits paid to former executives of the Company
(3) Adjustment to previous restructuring reserve related to the abandonment of one of the Company's facilities
(5) Impairment of assets classified as “held for sale” related to our 3D printing business in Singapore
(5) Amount paid related to the termination of a long-term contractual obligation to our 3D printing business in Singapore
(6) Tax effect on amortization of intangible assets, executive transition costs, restructuring charges, acquisition costs, impairment charges, and buy-out costs based on the non-GAAP tax rate
(7) The Company's GAAP tax expense is generally higher than the Company's non-GAAP tax expense, primarily due to losses in the U.S. with full federal and state valuation allowances. The Company's non-
GAAP tax rate and resulting non-GAAP tax expense considers the tax implications as if there was no federal or state valuation allowance position in effect
17. (in thousands) Q1’16 Q2’16 Q3’16 Q4’16 Q1’17
Reported income (loss) from operations on a GAAP basis $(698) $3,719 $6,700 $12,670 $19,773
Amortization of intangible assets (1) $1,440 $1,440 $1,438 $1,439 $1,231
Executive transition costs (2) - - $925 - -
Restructuring charges (3) $177 $70 $(105) $109 -
Impairment of “Held for Sale” Assets (4) - - - $666 -
Termination of Contractual Obligation (5) - - - $438 -
Non-GAAP income from operations $919 $5,229 $8,958 $15,322 $21,004
17
Reconciliation: GAAP Income from Operations to Non-GAAP
Income from Operations
(1) Amortization of intangible assets related to the Company's acquisitions of AIT, Marchi and Miconex
(2) Represents expense for termination benefits paid to former executives of the Company
(3) Adjustment to previous restructuring reserve related to the abandonment of one of the Company's facilities
(4) Impairment of assets classified as “held for sale” related to our 3D printing business in Singapore
(5) Amount paid related to the termination of a long-term contractual obligation to our 3D printing business in Singapore
18. Q1’16 Q2’16 Q3’16 Q4’16 Q1’17
Reported net income (loss) on a GAAP basis $(0.10) $0.02 $0.08 $0.30 $0.42
Amortization of intangible assets (1) $0.04 $0.05 $0.04 $0.04 $0.04
Executive transition costs (2) - - $0.03 - -
Restructuring charges (3) $0.01 $0.00 $0.00 - -
Impairment of “Held for Sale” Assets (4) - - - $0.02 -
Termination of Contractual Obligation (5) - - - $0.01 -
Income tax effect of non-GAAP adjustments (6) $(0.01) $(0.01) $(0.02) $(0.01) $(0.01)
Income tax effect of valuation allowance (7) $0.06 $0.04 $0.04 - $0.02
Non-GAAP net income (loss) $(0.00) $0.10 $0.17 $0.36 $0.47
Weighted average number of diluted shares (in K) 32,309 32,792 33,100 33,526 33,865
18
Reconciliation: GAAP Earnings Per Diluted Share to Non-
GAAP Earnings Per Diluted Share
(1) Amortization of intangible assets related to the Company's acquisitions of AIT, Marchi and Miconex
(2) Represents expense for termination benefits paid to former executives of the Company
(3) Adjustment to previous restructuring reserve related to the abandonment of one of the Company's facilities
(5) Impairment of assets classified as “held for sale” related to our 3D printing business in Singapore
(5) Amount paid related to the termination of a long-term contractual obligation to our 3D printing business in Singapore
(6) Tax effect on amortization of intangible assets, executive transition costs, restructuring charges, acquisition costs, impairment charges, and buy-out costs based on the non-GAAP tax rate
(7) The Company's GAAP tax expense is generally higher than the Company's non-GAAP tax expense, primarily due to losses in the U.S. with full federal and state valuation allowances. The Company's non-
GAAP tax rate and resulting non-GAAP tax expense considers the tax implications as if there was no federal or state valuation allowance position in effect