EX-99.1 8 plxsf2210-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
Jan 2,Oct 2,Jan 2,
202220212021
Operating income, as reported$30,473 $176,268 $46,866 
Restructuring and other charges+2,021 +3,267 +— 
Adjusted operating income32,494 179,535 46,866 
xx
Adjusted annualized operating income$129,976 $179,535 $187,464 
Adjusted effective tax ratex13 %x13 %x13 %
Tax impact$16,897 $23,340 $24,370 
Adjusted operating income (tax effected)$113,079 $156,195 $163,094 
Average invested capital$1,135,312 $1,014,742 $1,002,087 
ROIC10.0 %15.4 %16.3 %
WACC9.3 %8.1 %8.1 %
Economic Return0.7 %7.3 %8.2 %

January 2,October 2,July 3,April 3,January 2,October 3,
202220212021202120212020
Equity$1,044,095 $1,028,232 $1,020,450 $1,013,952 $1,006,959 $977,480 
Plus:
  Debt and finance lease obligations - current151,417 66,313 60,468 50,229 148,408 146,829 
  Operating lease obligations - current (1)9,507 9,877 9,130 9,314 9,351 7,724 
  Debt and finance lease obligations - long-term187,075 187,033 187,690 188,730 188,148 187,975 
  Operating lease obligations - long-term36,343 37,970 33,193 34,751 37,052 36,779 
Less:
  Cash and cash equivalents(217,067)(270,172)(303,255)(294,370)(356,724)(385,807)
$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.