| Silicon Motion Technology Corporation | |||||||||||
| Reconciliation of GAAP to Non-GAAP Operating Results | |||||||||||
| (in thousands, except percentages and per ADS data, unaudited) | |||||||||||
|
For the Three Months Ended
| |||||||||||
|
Jun. 30,
2015 ($) |
Mar. 31,
2016 ($) |
Jun. 30,
2016 ($) | |||||||||
| GAAP net income | 18,225 | 23, 014 | 29,047 | ||||||||
| Stock-based compensation: | |||||||||||
| Cost of sales | 2 | 43 | 2 | ||||||||
| Research and development | 176 | 1,174 | 279 | ||||||||
| Sales and marketing | 78 | 454 | 159 | ||||||||
| General and administrative | 24 | 334 | 33 | ||||||||
| Total stock-based compensation | 280 | 2,005 | 473 | ||||||||
| Non-recurring items: | |||||||||||
| Litigation expenses | 44 | 30 | 8 | ||||||||
| Acquisition costs | 192 | - | - | ||||||||
| Amortization of intangibles assets | - | 526 | 526 | ||||||||
| Foreign exchange loss (gain),net | (972 | ) | (1,270 | ) | 650 | ||||||
| Non-GAAP net income | 17,769 | 24,305 | 30,704 | ||||||||
| Shares used in computing non-GAAP diluted earnings per ADS | 34,686 | 35,527 | 35,539 | ||||||||
| Non-GAAP diluted earnings per ADS | $ | 0.51 | $ | 0.68 | $ | 0.86 | |||||
| Non-GAAP gross margin | 51.0 | % | 50.6 | % | 48.4 | % | |||||
| Non-GAAP operating margin | 24.8 | % | 26.8 | % | 26.5 | % | |||||
