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MENTOR GRAPHICS CORPORATION |
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UNAUDITED RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES |
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| (In thousands, except percentages) | ||||||||||
| Three Months Ended April 30, | ||||||||||
| 2015 | 2014 | |||||||||
| GAAP gross profit | $ | 223,092 | $ | 194,708 | ||||||
| Reconciling items to non-GAAP gross profit: | ||||||||||
| Equity plan-related compensation | 708 | 535 | ||||||||
| Amortization of purchased technology | 1,858 | 1,361 | ||||||||
| Non-GAAP gross profit | $ | 225,658 | $ | 196,604 | ||||||
| Three Months Ended April 30, | ||||||||||
| 2015 | 2014 | |||||||||
| GAAP gross profit as a percent of total revenues | 82.0 | % | 77.2 | % | ||||||
| Non-GAAP adjustments detailed above | 0.9 | % | 0.8 | % | ||||||
| Non-GAAP gross profit as a percent of total revenues | 82.9 | % | 78.0 | % | ||||||
| Three Months Ended April 30, | ||||||||||
| 2015 | 2014 | |||||||||
| GAAP operating expenses | $ | 230,755 | $ | 193,064 | ||||||
| Reconciling items to non-GAAP operating expenses: | ||||||||||
| Equity plan-related compensation | (9,570 | ) | (7,594 | ) | ||||||
| Amortization of other identified intangible assets | (2,219 | ) | (1,866 | ) | ||||||
| Special charges | (36,977 | ) | (5,926 | ) | ||||||
| Non-GAAP operating expenses | $ | 181,989 | $ | 177,678 | ||||||
| Three Months Ended April 30, | ||||||||||
| 2015 | 2014 | |||||||||
| GAAP operating income (loss) | $ | (7,663 | ) | $ | 1,644 | |||||
| Reconciling items to non-GAAP operating income: | ||||||||||
| Equity plan-related compensation | 10,278 | 8,129 | ||||||||
| Amortization of purchased technology | 1,858 | 1,361 | ||||||||
| Amortization of other identified intangible assets | 2,219 | 1,866 | ||||||||
| Special charges | 36,977 | 5,926 | ||||||||
| Non-GAAP operating income | $ | 43,669 | $ | 18,926 | ||||||
| Three Months Ended April 30, | ||||||||||
| 2015 | 2014 | |||||||||
| GAAP operating income (loss) as a percent of total revenues | (2.8 | %) | 0.7 | % | ||||||
| Non-GAAP adjustments detailed above | 18.8 | % | 6.8 | % | ||||||
| Non-GAAP operating income as a percent of total revenues | 16.0 | % | 7.5 | % | ||||||
| Three Months Ended April 30, | ||||||||||
| 2015 | 2014 | |||||||||
| GAAP other income (expense), net and interest expense | $ | (4,352 | ) | $ | (4,843 | ) | ||||
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Reconciling items to non-GAAP other income (expense), net and interest expense: |
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| Equity in (income) loss of unconsolidated entities | (25 | ) | 13 | |||||||
| Amortization of original issuance debt discount | 1,604 | 1,494 | ||||||||
| Non-GAAP other income (expense), net and interest expense | $ | (2,773 | ) | $ | (3,336 | ) | ||||
Mentor Graphics Reports Fiscal First Quarter Results and Announces Quarterly Dividend
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