Company: MRCY
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001049521-25-000009
Chunk: 77

Company: MERCURY SYSTEMS INC
Filing Date: 2025-02-04
Form: 10-Q
Item: Item 1
Chunk 77
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,154 12,270 Restructuring and other charges40 2 Impairment of long-lived assets— — Acquisition, financing and other third party costs1,109 860 Fair value adjustments from purchase accounting178 178 Litigation and settlement expense, net2,087 1,383 Stock-based and other non-cash compensation expense11,424 10,195 Impact to income taxes(1)(7,022)(2,446)Adjusted income (loss) and adjusted earnings (loss) per share(2)$3,940 $0.07 $(24,181)$(0.42)Diluted weighted-average shares outstanding58,843 57,424 (1) Impact to income taxes is calculated by recasting income before income taxes to include the items involved in determining adjusted income and recalculating the income tax provision using this adjusted income from operations before income taxes. The recalculation also adjusts for any discrete tax expense or benefit related to the items. (2) Adjusted earnings per share is calculated using diluted shares whereas Net loss per share or Adjusted loss per share is calculated using basic shares. There were no impact to the calculation of adjusted earnings per share as a result of this for the second quarters ended December 27, 2024 and December 29, 2023.

Six Months Ended(In thousands, except per share data)December 27, 2024December 29, 2023Net loss and loss per share$(35,104)$(0.60)$(82,289)$(1.44)Other non-operating adjustments, net814 (311)Amortization of intangible assets22,389 24,817 Restructuring and other charges2,300 9,548 Impairment of long-lived assets— — Acquisition and financing costs3,440 2,192 Fair value adjustments from purchase accounting355 355 Litigation and settlement expense, net3,481 1,886 Stock-based and other non-cash compensation expense21,984 19,146 Impact to income taxes(1)(13,275)(13,204)Adjusted income (loss) and adjusted earnings (loss) per share(2)$6,384 $0.11 $(37,860)$(0.66)Diluted weighted-average shares outstanding58,752 57,314 (1) Impact to income taxes is calculated by