|
Cadence Design Systems, Inc. | ||||||||||
|
Supplemental Reconciliation of Certain GAAP to Non-GAAP Measures | ||||||||||
|
For the Three Months Ended June 28, 2014 | ||||||||||
|
(In thousands) | ||||||||||
|
(Unaudited) | ||||||||||
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
Three Months Ended | ||||||
|
|
|
|
|
June 28, 2014 | ||||||
|
|
|
|
|
GAAP |
|
Adjustments |
|
Non-GAAP | ||
|
|
|
|
|
|
|
|
|
| ||
|
Revenue: |
|
|
|
|
|
| ||||
|
|
Product and maintenance |
$ 354,468 |
|
$ - |
|
$ 354,468 | ||||
|
|
Services |
24,320 |
|
- |
|
24,320 | ||||
|
|
|
|
|
|
|
|
|
| ||
|
|
|
Total revenue |
378,788 |
|
- |
|
378,788 | |||
|
|
|
|
|
|
|
|
|
| ||
|
Costs and expenses: |
|
|
|
|
| |||||
|
|
Cost of product and maintenance |
37,707 |
|
(9,504) |
(A) |
28,203 | ||||
|
|
Cost of services |
16,706 |
|
(1,384) |
(A) |
15,322 | ||||
|
|
Marketing and sales |
98,611 |
|
(6,992) |
(A) |
91,619 | ||||
|
|
Research and development |
152,672 |
|
(21,177) |
(A) |
131,495 | ||||
|
|
General and administrative |
32,042 |
|
(8,824) |
(A) |
23,218 | ||||
|
|
Amortization of acquired intangibles |
5,579 |
|
(5,579) |
(A) |
- | ||||
|
|
Restructuring and other charges (credits) |
(26) |
|
26 |
|
- | ||||
|
|
|
|
|
|
|
|
|
| ||
|
|
|
Total costs and expenses |
343,291 |
|
(53,434) |
|
289,857 | |||
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
Income from operations |
35,497 |
|
53,434 |
|
88,931 | ||
|
|
|
|
|
|
|
|
|
| ||
|
|
Interest expense |
(7,369) |
|
4,241 |
(B) |
(3,128) | ||||
|
|
Other income, net |
1,635 |
|
(1,480) |
(C) |
155 | ||||
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
Income before provision for income taxes |
29,763 |
|
56,195 |
|
85,958 | ||
|
|
|
|
|
|
|
|
|
| ||
|
|
Provision for income taxes |
6,500 |
|
15,849 |
(D) |
22,349 | ||||
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
Net income |
$ 23,263 |
|
$ 40,346 |
|
$ 63,609 | ||
|
|
|
|
|
|
|
|
|
| ||
|
Notes: |
|
(A) For the three months ended June 28, 2014 adjustments to GAAP are as follows for the line items specified: |
