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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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| Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||||||||||||
| GAAP gross profit | $ | 234,799 | $ | 211,304 | $ | 457,891 | $ | 406,012 | ||||||||||||
| Reconciling items to non-GAAP gross profit: | ||||||||||||||||||||
| Equity plan-related compensation | 608 | 544 | 1,316 | 1,079 | ||||||||||||||||
| Amortization of purchased technology | 1,794 | 1,841 | 3,652 | 3,202 | ||||||||||||||||
| Non-GAAP gross profit | $ | 237,201 | $ | 213,689 | $ | 462,859 | $ | 410,293 | ||||||||||||
| Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||||||||||||
| GAAP gross profit as a percent of total revenues | 83.5 | % | 81.2 | % | 82.8 | % | 79.2 | % | ||||||||||||
| Non-GAAP adjustments detailed above | 0.9 | % | 0.9 | % | 0.9 | % | 0.9 | % | ||||||||||||
| Non-GAAP gross profit as a percent of total revenues | 84.4 | % | 82.1 | % | 83.7 | % | 80.1 | % | ||||||||||||
| Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||||||||||||
| GAAP operating expenses | $ | 195,533 | $ | 194,392 | $ | 426,288 | $ | 387,456 | ||||||||||||
| Reconciling items to non-GAAP operating expenses: | ||||||||||||||||||||
| Equity plan-related compensation | (9,978 | ) | (8,616 | ) | (19,548 | ) | (16,210 | ) | ||||||||||||
| Amortization of other identified intangible assets | (2,234 | ) | (2,026 | ) | (4,453 | ) | (3,892 | ) | ||||||||||||
| Special charges | (2,186 | ) | (5,108 | ) | (39,163 | ) | (11,034 | ) | ||||||||||||
| Non-GAAP operating expenses | $ | 181,135 | $ | 178,642 | $ | 363,124 | $ | 356,320 | ||||||||||||
| Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||||||||||||
| GAAP operating income | $ | 39,266 | $ | 16,912 | $ | 31,603 | $ | 18,556 | ||||||||||||
| Reconciling items to non-GAAP operating income: | ||||||||||||||||||||
| Equity plan-related compensation | 10,586 | 9,160 | 20,864 | 17,289 | ||||||||||||||||
| Amortization of purchased technology | 1,794 | 1,841 | 3,652 | 3,202 | ||||||||||||||||
| Amortization of other identified intangible assets | 2,234 | 2,026 | 4,453 | 3,892 | ||||||||||||||||
| Special charges | 2,186 | 5,108 | 39,163 | 11,034 | ||||||||||||||||
| Non-GAAP operating income | $ | 56,066 | $ | 35,047 | $ | 99,735 | $ | 53,973 | ||||||||||||
| Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||||||||||||
| GAAP operating income as a percent of total revenues | 14.0 | % | 6.5 | % | 5.7 | % | 3.6 | % | ||||||||||||
| Non-GAAP adjustments detailed above | 5.9 | % | 7.0 | % | 12.3 | % | 6.9 | % | ||||||||||||
| Non-GAAP operating income as a percent of total revenues | 19.9 | % | 13.5 | % | 18.0 | % | 10.5 | % | ||||||||||||
| Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||||||||||||
| GAAP other income (expense), net and interest expense | $ | (4,585 | ) | $ | (4,911 | ) | $ | (8,937 | ) | $ | (9,754 | ) | ||||||||
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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 | (14 | ) | 55 | (39 | ) | 68 | ||||||||||||||
| Amortization of original issuance debt discount | 1,633 | 1,521 | 3,237 | 3,015 | ||||||||||||||||
| Non-GAAP other income (expense), net and interest expense | $ | (2,966 | ) | $ | (3,335 | ) | $ | (5,739 | ) | $ | (6,671 | ) | ||||||||
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