EX-99.1 6 plxsf2310-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 1,Dec 31,Apr 2,
202320222022
Operating income, as reported$114,283 $57,341 $66,310 
Restructuring and impairment charges+— +— +2,021 
Adjusted operating income114,283 57,341 68,331 
xxx
Adjusted annualized operating income$228,566 $229,364 $136,662 
Adjusted effective tax ratex15 %x16 %x14 %
Tax impact$34,285 $36,698 $19,133 
Adjusted operating income (tax-effected)$194,281 $192,666 $117,529 
Average invested capital$1,406,359 $1,392,002 $1,151,775 
ROIC13.8 %13.8 %10.2 %
WACC9.0 %9.0 %9.3 %
Economic Return4.8 %4.8 %0.9 %
April 1,December 31,October 1,July 2,April 2,January 1,October 2,
2023202220222022202220222021
Equity$1,182,382 $1,150,259 $1,095,731 $1,058,190 $1,040,591 $1,044,095 $1,028,232 
Plus:
Debt and finance lease obligations - current294,011 329,076 273,971 250,012 222,393 151,417 66,313 
Operating lease obligations - current (1)8,358 8,878 7,948 8,640 9,266 9,507 9,877 
Debt and finance lease obligations - long-term
188,730 187,272 187,776 184,707 186,069 187,075 187,033 
Operating lease obligations - long-term31,257 32,149 33,628 32,270 34,347 36,343 37,970 
Less:
Cash and cash equivalents(269,664)(247,880)(274,805)(276,608)(307,964)(217,067)(270,172)
$1,435,074 $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 Condensed Consolidated Balance Sheets.