EX-99.1 6 plxsf2410-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 30,Sep 30,Dec 31,
202320232022
Operating income, as reported$45,158 $195,820 $57,341 
Restructuring and impairment charges+— +23,094 +— 
Adjusted operating income45,158 218,914 57,341 
xx
Adjusted annualized operating income$180,632 $218,914 $229,364 
Adjusted effective tax ratex16 %x13 %x16 %
Tax impact$28,901 $28,459 $36,698 
Adjusted operating income (tax-effected)$151,731 $190,455 $192,666 
Average invested capital$1,479,647 $1,425,626 $1,392,002 
ROIC10.3 %13.4 %13.8 %
WACC8.2 %9.0 %9.0 %
Economic Return2.1 %4.4 %4.8 %
December 30,September 30,July 1,April 1,December 31,October 1,
202320232023202320222022
Equity$1,266,755 $1,214,382 $1,184,362 $1,182,382 $1,150,259 $1,095,731 
Plus:
  Debt and finance lease obligations - current251,119 240,205 304,781 294,011 329,076 273,971 
  Operating lease obligations - current (1)9,172 8,363 8,772 8,358 8,878 7,948 
  Debt and finance lease obligations - long-term192,118 190,853 187,468 188,730 187,272 187,776 
  Operating lease obligations - long-term35,989 38,552 40,515 31,257 32,149 33,628 
Less:
  Cash and cash equivalents(231,982)(256,233)(252,965)(269,664)(247,880)(274,805)
$1,523,171 $1,436,122 $1,472,933 $1,435,074 $1,459,754 $1,324,249 

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