| Forward-looking non-GAAP operating margin estimate |
>38.0 |
% |
||||||
| Less: Share-based compensation expense | (3.0 | ) | ||||||
| Less: Amortization of intangibles |
(1.0 |
) |
||||||
| Forward-looking GAAP operating margin estimate |
>34.0 |
% |
||||||
We are unable to provide a reconciliation of our forward-looking
estimate of Q4 2015 non-GAAP diluted earnings per share to a
forward-looking estimate of Q4 2015 GAAP diluted earnings per share
because certain information needed to make a reasonable forward-looking
estimate of GAAP diluted earnings per share for Q4 2015 (other than
estimated share-based compensation expense of $0.14 per diluted share,
certain tax items of $0.19 per diluted share and estimated amortization
of intangibles of $0.04 per diluted share) is difficult to predict and
estimate and is often dependent on future events that may be uncertain
or outside of our control. Such events may include unanticipated changes
in our GAAP effective tax rate, unanticipated one-time charges related
to asset impairments (fixed assets, inventory, intangibles or goodwill),
unanticipated acquisition-related expenses, unanticipated litigation
settlement gains, losses and expenses and other unanticipated
non-recurring items not reflective of ongoing operations. We believe the
probable significance of these unknown items, in the aggregate, to be in
the range of $0.00 to $0.05 in quarterly earnings per diluted share on a
GAAP basis. Our forward-looking estimates of both GAAP and non-GAAP
measures of our financial performance may differ materially from our
actual results and should not be relied upon as statements of fact.
