Reconciliation of Target Non-GAAP Operating Results
The following tables reconcile the specific items excluded from GAAP in the calculation of target non-GAAP operating results for the periods indicated below.
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GAAP to Non-GAAP Reconciliation of Second Quarter Fiscal Year 2015 Targets |
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(in thousands, except per share amounts) |
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Range for Three Months |
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Ending April 30, 2015 (1) |
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Low |
High |
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Target GAAP expenses |
$ 470,000 |
$ 489,000 |
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Adjustments: |
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Estimated impact of amortization of intangible assets |
(32,000) |
(36,000) |
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Estimated impact of stock compensation |
(20,000) |
(25,000) |
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Target non-GAAP expenses |
$ 418,000 |
$ 428,000 |
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Range for Three Months |
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Ending April 30, 2015 (1) |
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Low |
High |
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Target GAAP earnings per share |
$ 0.26 |
$ 0.33 |
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Adjustments: |
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Estimated impact of amortization of intangible assets |
0.23 |
0.20 |
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Estimated impact of stock compensation |
0.16 |
0.13 |
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Estimated impact of tax adjustments |
(0.03) |
(0.02) |
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Target non-GAAP earnings per share |
$ 0.62 |
$ 0.64 |
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Shares used in non-GAAP calculation (midpoint of target range) |
157,000 |
157,000 |
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GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2015 Targets |
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Range for Fiscal Year |
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Ending October 31, 2015 (1) |
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Low |
High |
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Target GAAP earnings per share |
$ 1.41 |
$ 1.50 |
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Adjustments: |
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Estimated impact of amortization of intangible assets |
0.85 |
0.80 |
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Estimated impact of stock compensation |
0.60 |
0.55 |
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Acquisition-related costs |
0.00 |
0.00 |
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Restructuring charges |
0.10 |
0.10 |
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Legal and tax matters |
(0.01) |
(0.01) |
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Net non-GAAP tax adjustments |
(0.20) |
(0.14) |
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Target non-GAAP earnings per share |
$ 2.75 |
$ 2.80 |
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Shares used in non-GAAP calculation (midpoint of target range) |
157,000 |
157,000 |
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(1) Synopsys' second quarter and fiscal year end on May 2, 2015 and October 31, 2015, respectively. |
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