Mentor Graphics Reports Fiscal Fourth Quarter Results and

Mentor Graphics Reports Fiscal Fourth Quarter Results and Announces 11% Dividend Increase


MENTOR GRAPHICS CORPORATION
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP
EARNINGS PER SHARE

The following table reconciles management's estimates of the specific items excluded from GAAP in the calculation of estimated non-GAAP net income per share for Q1'15 and fiscal year 2015.



			Estimated			Estimated
			Q1'15			FY'15
Diluted GAAP net income per share			$	-		$	1.50
Non-GAAP Adjustments:
Amortization of purchased intangible assets (1)				0.01			0.04
Amortization of other identified intangible assets (2)				0.01			0.04
Equity plan-related compensation (3)				0.07			0.31
Other income (expense), net and interest expense (4)				0.01			0.05
Non-GAAP income tax effects (5)				(0.04	)		(0.19	)
Diluted non-GAAP net income per share			$	0.06		$	1.75


(1	)	Excludes amortization of purchased intangible assets resulting from acquisitions. Purchased intangible assets are amortized over two to five years.
(2	)	Excludes amortization of other identified intangible assets including trade names, customer relationships, and backlog resulting from acquisition transactions. Other identified intangible assets are amortized over two to five years.
(3	)	Excludes equity plan-related compensation expense for the fair value of all share-based payments to employees for stock options and restricted stock units, and purchases made as a result of the employee stock purchase plans.
(4	)	Excludes income from an investment accounted for under the equity method of accounting, and amortization of original issuance debt discount.
(5	)	Non-GAAP income tax expense adjustment reflects the application of our assumed normalized effective 17% tax rate, instead of our GAAP tax rate, to our non-GAAP pre-tax income.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 Next Page »