EX-99.1 6 plxsf2210-qq2exhibit991.htm EX-99.1 Document

Exhibit 99.1
Return on Invested Capital ("ROIC") and Economic Return Calculations GAAP to non-GAAP reconciliation (dollars in thousands):
Six Months EndedThree Months EndedSix Months Ended
Apr 2,Jan 1,Apr 3,
202220222021
Operating income, as reported$66,310 $30,473 $97,553 
Restructuring and impairment charges+2,021 +2,021 +2,029 
Adjusted operating income68,331 32,494 99,582 
xxx
Adjusted annualized operating income$136,662 $129,976 $199,164 
Adjusted effective tax ratex14 %x13 %x13 %
Tax impact$19,133 $16,897 $25,891 
Adjusted operating income (tax effected)$117,529 $113,079 $173,273 
Average invested capital$1,151,775 $1,135,312 $1,002,260 
ROIC10.2 %10.0 %17.3 %
WACC9.3 %9.3 %8.1 %
Economic Return0.9 %0.7 %9.2 %

April 2,January 2,October 2,July 3,April 3,January 2,October 3,
2022202220212021202120212020
Equity$1,040,591 $1,044,095 $1,028,232 $1,020,450 $1,013,952 $1,006,959 $977,480 
Plus:
  Debt and finance lease obligations - current222,393 151,417 66,313 60,468 50,229 148,408 146,829 
  Operating lease obligations - current (1)9,266 9,507 9,877 9,130 9,314 9,351 7,724 
  Debt and finance lease obligations - long-term186,069 187,075 187,033 187,690 188,730 188,148 187,975 
  Operating lease obligations - long-term34,347 36,343 37,970 33,193 34,751 37,052 36,779 
Less:
  Cash and cash equivalents(307,964)(217,067)(270,172)(303,255)(294,370)(356,724)(385,807)
$1,184,702 $1,211,370 $1,059,253 $1,007,676 $1,002,606 $1,033,194 $970,980 

(1)Included in other accrued liabilities on the Condensed Consolidated Balance Sheets.