| APPLIED MICRO CIRCUITS CORPORATION | |||||||||||||||||||||
| RECONCILIATION OF GAAP NET LOSS TO NON-GAAP NET LOSS | |||||||||||||||||||||
| (in thousands, except per share data) | |||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | |||||||||||||||||
| 2015 | 2015 | 2014 | 2015 | 2014 | |||||||||||||||||
| GAAP net loss | $ | (8,199 | ) | $ | (8,061 | ) | $ | (12,131 | ) | $ | (23,664 | ) | $ | (36,913 | ) | ||||||
| Adjustments: | |||||||||||||||||||||
| Stock-based compensation expense | 6,141 | 5,934 | 4,857 | 18,167 | 14,303 | ||||||||||||||||
| Amortization of purchased intangible assets | - | - | - | - | 105 | ||||||||||||||||
| Veloce acquisition consideration | - | - | - | - | 7,140 | ||||||||||||||||
| Restructuring | (29 | ) | 15 | 221 | 82 | 1,322 | |||||||||||||||
| Impairment of a strategic investment | - | - | - | - | 2,500 | ||||||||||||||||
| Reversals of impairment charges upon sales of marketable securities | - | (267 | ) | (129 | ) | (1,694 | ) | (158 | ) | ||||||||||||
| Income tax effect on non-GAAP adjustments | (30 | ) | (25 | ) | 62 | (677 | ) | (307 | ) | ||||||||||||
| Total GAAP to non-GAAP adjustments | 6,082 | 5,657 | 5,011 | 15,878 | 24,905 | ||||||||||||||||
| Non-GAAP net loss | $ | (2,117 | ) | $ | (2,404 | ) | $ | (7,120 | ) | $ | (7,786 | ) | $ | (12,008 | ) | ||||||
| Diluted non-GAAP net loss per share | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.09 | ) | $ | (0.09 | ) | $ | (0.15 | ) | ||||||
| Shares used in calculating diluted non-GAAP net loss per share | 83,191 | 82,176 | 78,920 | 82,186 | 78,442 | ||||||||||||||||
| Diluted net loss per share: | |||||||||||||||||||||
| GAAP diluted net loss per share | $ | (0.10 | ) | $ | (0.10 | ) | $ | (0.15 | ) | $ | (0.29 | ) | $ | (0.47 | ) | ||||||
| GAAP to non-GAAP adjustments | 0.07 | 0.07 | 0.06 | 0.19 | 0.32 | ||||||||||||||||
| Non-GAAP diluted net loss per share | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.09 | ) | $ | (0.09 | ) | $ | (0.15 | ) | ||||||
| Reconciliation of shares used in calculating non-GAAP net loss per share: | |||||||||||||||||||||
| Shares used in calculating the basic net loss per share | 83,191 | 82,176 | 78,920 | 82,186 | 78,442 | ||||||||||||||||
| Adjustment for dilutive securities | - | - | - | - | - | ||||||||||||||||
| Shares used in calculating diluted non-GAAP net loss per share | 83,191 | 82,176 | 78,920 | 82,186 | 78,442 | ||||||||||||||||
Applied Micro Circuits Corporation Reports Third Quarter Fiscal 2016 Financial Results
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