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Cadence Design Systems, Inc. | ||||
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As of October 20, 2014 | ||||
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Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share | ||||
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(Unaudited) | ||||
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Three Months Ending |
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Year Ending |
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January 3, 2015 |
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January 3, 2015 |
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Forecast |
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Forecast |
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Diluted net income per share on a GAAP basis |
$0.16 to $0.18 |
|
$0.46 to $0.48 | |
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Amortization of acquired intangibles |
0.05 |
|
0.19 |
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Stock-based compensation expense |
0.08 |
|
0.28 |
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Non-qualified deferred compensation expenses |
- |
|
0.01 |
|
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Restructuring and other charges |
- |
|
0.04 |
|
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Acquisition and integration-related costs |
0.01 |
|
0.08 |
|
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Special charges* |
- |
|
0.04 |
|
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Amortization of debt discount |
0.02 |
|
0.06 |
|
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Other income or expense related to investments and non-qualified deferred compensation plan assets** |
- |
|
(0.01) |
|
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Income tax effect of non-GAAP adjustments |
(0.06) |
|
(0.23) |
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Diluted net income per share on a non-GAAP basis |
$0.26 to $0.28 |
|
$0.92 to $0.94 | |
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* Comprised of costs related to a voluntary retirement program | |||
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** Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. | |||
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| ||||
|
Cadence Design Systems, Inc. | ||||
|
As of October 20, 2014 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Net Income | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
Three Months Ending |
|
Year Ending |
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|
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January 3, 2015 |
|
January 3, 2015 |
|
($ in millions) |
Forecast |
|
Forecast | |
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|
|
|
|
|
|
Net income on a GAAP basis |
$48 to $55 |
|
$142 to $149 | |
|
|
|
|
|
|
|
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Amortization of acquired intangibles |
16 |
|
60 |
|
|
Stock-based compensation expense |
24 |
|
85 |
|
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Non-qualified deferred compensation expenses |
- |
|
3 |
|
|
Restructuring and other charges |
- |
|
11 |
|
|
Acquisition and integration-related costs |
4 |
|
24 |
|
|
Special charges* |
- |
|
11 |
|
|
Amortization of debt discount |
5 |
|
18 |
|
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Other income or expense related to investments and non-qualified deferred compensation plan assets** |
- |
|
(3) |
|
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Income tax effect of non-GAAP adjustments |
(18) |
|
(69) |
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Net income on a non-GAAP basis |
$79 to $86 |
|
$282 to $289 | |
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* Comprised of costs related to a voluntary retirement program | |||
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** 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. | |||
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