| APPLIED MICRO CIRCUITS CORPORATION | ||||||||||||||
| RECONCILIATION OF GAAP NET LOSS TO NON-GAAP NET LOSS | ||||||||||||||
| (in thousands, except per share data) | ||||||||||||||
| (unaudited) | ||||||||||||||
| Three Months Ended | ||||||||||||||
| June 30, | March 31, | June 30, | ||||||||||||
| 2016 | 2016 | 2015 | ||||||||||||
| GAAP net loss | $ | (10,539 | ) | $ | (8,907 | ) | $ | (7,404 | ) | |||||
| Adjustments: | ||||||||||||||
| Stock-based compensation expense | 8,165 | 7,637 | 6,092 | |||||||||||
| Restructuring | - | (57 | ) | 96 | ||||||||||
| Reversals of impairment charges upon sales of marketable securities | - | - | (1,427 | ) | ||||||||||
| Income tax effect on non-GAAP adjustments | (129 | ) | (84 | ) | (622 | ) | ||||||||
| Total GAAP to non-GAAP adjustments | 8,036 | 7,496 | 4,139 | |||||||||||
| Non-GAAP net loss | $ | (2,503 | ) | $ | (1,411 | ) | $ | (3,265 | ) | |||||
| Diluted non-GAAP net loss per share | $ | (0.03 | ) | $ | (0.02 | ) | $ | (0.04 | ) | |||||
| Shares used in calculating diluted non-GAAP net loss per share | 84,980 | 84,127 | 81,179 | |||||||||||
| Diluted net loss per share: | ||||||||||||||
| GAAP diluted net loss per share | $ | (0.12 | ) | $ | (0.11 | ) | $ | (0.09 | ) | |||||
| GAAP to non-GAAP adjustments | 0.09 | 0.09 | 0.05 | |||||||||||
| Non-GAAP diluted net loss per share | $ | (0.03 | ) | $ | (0.02 | ) | $ | (0.04 | ) | |||||
Applied Micro Circuits Corporation Reports First Quarter Fiscal 2017 Financial Results
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