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MENTOR GRAPHICS CORPORATION |
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UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP |
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EARNINGS PER SHARE |
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| 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 Q1'16 and fiscal year 2016. | |||||||||||||
| Estimated | Estimated | ||||||||||||
| Q1'16 | FY'16 | ||||||||||||
| Diluted GAAP net income per share | $ | 0.08 | $ | 1.45 | |||||||||
| Non-GAAP adjustments: | |||||||||||||
| Amortization of purchased technology (1) | 0.02 | 0.06 | |||||||||||
| Amortization of other identified intangible assets (2) | 0.02 | 0.06 | |||||||||||
| Equity plan-related compensation (3) | 0.08 | 0.34 | |||||||||||
| Other income (expense), net and interest expense (4) | 0.01 | 0.06 | |||||||||||
| Non-GAAP income tax effects (5) | (0.03 | ) | (0.11 | ) | |||||||||
| Noncontrolling interest (6) | (0.00 | ) | (0.01 | ) | |||||||||
| Diluted non-GAAP net income per share | $ | 0.18 | $ | 1.85 | |||||||||
| (1 | ) | Excludes amortization of purchased technology resulting from acquisitions. Purchased technology is 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 generally 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 (loss) 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 19% tax rate, instead of our GAAP tax rate, to our non-GAAP pre-tax income. | |||||||||||
| (6 | ) | Adjustment for the impact of amortization of intangible assets, equity plan-related compensation, and income tax expense on noncontrolling interest. | |||||||||||
Mentor Graphics Reports Fiscal Fourth Quarter Results, Announces Quarterly Dividend Increase
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