|
Cadence Design Systems, Inc. | ||||
|
As of April 21, 2014 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
June 28, 2014 |
|
January 3, 2015 |
|
|
|
Forecast |
|
Forecast |
|
|
|
|
|
|
|
Diluted net income per share on a GAAP basis |
$0.10 to $0.12 |
|
$0.56 to $0.66 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
0.04 |
|
0.17 |
|
|
Stock-based compensation expense |
0.06 |
|
0.27 |
|
|
Non-qualified deferred compensation expenses |
- |
|
0.01 |
|
|
Integration and acquisition-related costs |
0.02 |
|
0.06 |
|
|
Amortization of debt discount |
0.01 |
|
0.06 |
|
|
Other income or expense related to investments and non-qualified |
|
|
|
|
|
deferred compensation plan assets* |
- |
|
(0.01) |
|
|
Income tax effect of non-GAAP adjustments |
(0.04) |
|
(0.20) |
|
|
|
|
|
|
|
Diluted net income per share on a non-GAAP basis |
$0.19 to $0.21 |
|
$0.92 to $1.02 | |
|
| ||||
|
| ||||
|
* Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. |
|
Cadence Design Systems, Inc. | ||||
|
As of April 21, 2014 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Net Income | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
June 28, 2014 |
|
January 3, 2015 |
|
($ in millions) |
Forecast |
|
Forecast | |
|
|
|
|
|
|
|
Net income on a GAAP basis |
$30 to $36 |
|
$172 to $202 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
13 |
|
52 |
|
|
Stock-based compensation expense |
19 |
|
83 |
|
|
Non-qualified deferred compensation expenses |
- |
|
2 |
|
|
Integration and acquisition-related costs |
5 |
|
18 |
|
|
Amortization of debt discount |
4 |
|
18 |
|
|
Other income or expense related to investments and non-qualified |
|
|
|
|
|
deferred compensation plan assets* |
- |
|
(4) |
|
|
Income tax effect of non-GAAP adjustments |
(14) |
|
(62) |
|
|
|
|
|
|
|
Net income on a non-GAAP basis |
$57 to $63 |
|
$279 to $309 | |
|
| ||||
|
* Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. |
