EX-99.1 6 plxsf2410-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
Mar 30,Dec 30,Apr 1,
202420232023
Operating income, as reported$74,628 $45,158 $114,283 
Restructuring and impairment charges+11,038 +— +— 
Adjusted operating income85,666 45,158 114,283 
xxx
Adjusted annualized operating income$171,332 $180,632 $228,566 
Adjusted effective tax ratex15 %x16 %x15 %
Tax impact$25,700 $28,901 $34,285 
Adjusted operating income (tax-effected)$145,632 $151,731 $194,281 
Average invested capital$1,478,062 $1,479,647 $1,406,359 
ROIC9.9 %10.3 %13.8 %
WACC8.2 %8.2 %9.0 %
Economic Return1.7 %2.1 %4.8 %
March 30,December 30,September 30,July 1,April 1,December 31,October 1,
2024202320232023202320222022
Equity$1,259,762 $1,266,755 $1,214,382 $1,184,362 $1,182,382 $1,150,259 $1,095,731 
Plus:
  Debt and finance lease obligations - current245,964 251,119 240,205 304,781 294,011 329,076 273,971 
  Operating lease obligations - current (1)8,281 9,172 8,363 8,772 8,358 8,878 7,948 
  Debt and finance lease obligations - long-term192,025 192,118 190,853 187,468 188,730 187,272 187,776 
  Operating lease obligations - long-term33,915 35,989 38,552 40,515 31,257 32,149 33,628 
Less:
  Cash and cash equivalents(265,053)(231,982)(256,233)(252,965)(269,664)(247,880)(274,805)
$1,474,894 $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.