EX-99.1 8 plxsf2310-qq1exhibit991.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):
Three Months EndedTwelve Months EndedThree Months Ended
Dec 31,Oct 1,Jan 1,
202220222022
Operating income, as reported$57,341 $178,185 $30,473 
Restructuring and impairment charges+— +2,021 +2,021 
Adjusted operating income57,341 180,206 32,494 
xx
Adjusted annualized operating income$229,364 $180,206 $129,976 
Adjusted effective tax ratex16 %x13 %x13 %
Tax impact$36,698 $23,427 $16,897 
Adjusted operating income (tax-effected)$192,666 $156,779 $113,079 
Average invested capital$1,392,002 $1,207,357 $1,135,312 
ROIC13.8 %13.0 %10.0 %
WACC9.0 %9.3 %9.3 %
Economic Return4.8 %3.7 %0.7 %
December 31,October 1,July 2,April 2,January 1,October 2,
202220222022202220222021
Equity$1,150,259 $1,095,731 $1,058,190 $1,040,591 $1,044,095 $1,028,232 
Plus:
Debt and finance lease obligations - current329,076 273,971 250,012 222,393 151,417 66,313 
Operating lease obligations - current (1)8,878 7,948 8,640 9,266 9,507 9,877 
Debt and finance lease obligations - long-term
187,272 187,776 184,707 186,069 187,075 187,033 
Operating lease obligations - long-term32,149 33,628 32,270 34,347 36,343 37,970 
Less:
Cash and cash equivalents(247,880)(274,805)(276,608)(307,964)(217,067)$(270,172)
$1,459,754 $1,324,249 $1,257,211 $1,184,702 $1,211,370 $1,059,253 

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