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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 October 31, | Nine Months Ended October 31, | |||||||||||||||||||
| 2016 | 2015 | 2016 | 2015 | |||||||||||||||||
| GAAP gross profit | $ | 271,326 | $ | 243,627 | $ | 660,814 | $ | 701,518 | ||||||||||||
| Reconciling items to non-GAAP gross profit: | ||||||||||||||||||||
| Equity plan-related compensation | 785 | 665 | 2,277 | 1,981 | ||||||||||||||||
| Amortization of purchased technology | 1,828 | 1,844 | 5,400 | 5,496 | ||||||||||||||||
| Non-GAAP gross profit | $ | 273,939 | $ | 246,136 | $ | 668,491 | $ | 708,995 | ||||||||||||
| Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||||||
| 2016 | 2015 | 2016 | 2015 | |||||||||||||||||
| GAAP gross profit as a percent of total revenues | 84.1 | % | 83.9 | % | 82.1 | % | 83.1 | % | ||||||||||||
| Non-GAAP adjustments detailed above | 0.8 | % | 0.8 | % | 1.0 | % | 0.9 | % | ||||||||||||
| Non-GAAP gross profit as a percent of total revenues | 84.9 | % | 84.7 | % | 83.1 | % | 84.0 | % | ||||||||||||
| Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||||||
| 2016 | 2015 | 2016 | 2015 | |||||||||||||||||
| GAAP operating expenses | $ | 215,012 | $ | 217,939 | $ | 610,315 | $ | 644,227 | ||||||||||||
| Reconciling items to non-GAAP operating expenses: | ||||||||||||||||||||
| Equity plan-related compensation | (10,306 | ) | (9,360 | ) | (31,241 | ) | (28,908 | ) | ||||||||||||
| Amortization of other identified intangible assets | (1,462 | ) | (2,364 | ) | (4,536 | ) | (6,817 | ) | ||||||||||||
| Special charges | (1,500 | ) | (4,831 | ) | (5,936 | ) | (43,994 | ) | ||||||||||||
| Non-GAAP operating expenses | $ | 201,744 | $ | 201,384 | $ | 568,602 | $ | 564,508 | ||||||||||||
| Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||||||
| 2016 | 2015 | 2016 | 2015 | |||||||||||||||||
| GAAP operating income | $ | 56,314 | $ | 25,688 | $ | 50,499 | $ | 57,291 | ||||||||||||
| Reconciling items to non-GAAP operating income: | ||||||||||||||||||||
| Equity plan-related compensation | 11,091 | 10,025 | 33,518 | 30,889 | ||||||||||||||||
| Amortization of purchased technology | 1,828 | 1,844 | 5,400 | 5,496 | ||||||||||||||||
| Amortization of other identified intangible assets | 1,462 | 2,364 | 4,536 | 6,817 | ||||||||||||||||
| Special charges | 1,500 | 4,831 | 5,936 | 43,994 | ||||||||||||||||
| Non-GAAP operating income | $ | 72,195 | $ | 44,752 | $ | 99,889 | $ | 144,487 | ||||||||||||
| Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||||||
| 2016 | 2015 | 2016 | 2015 | |||||||||||||||||
| GAAP operating income as a percent of total revenues | 17.5 | % | 8.8 | % | 6.3 | % | 6.8 | % | ||||||||||||
| Non-GAAP adjustments detailed above | 4.9 | % | 6.6 | % | 6.1 | % | 10.3 | % | ||||||||||||
| Non-GAAP operating income as a percent of total revenues | 22.4 | % | 15.4 | % | 12.4 | % | 17.1 | % | ||||||||||||
| Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||||||
| 2016 | 2015 | 2016 | 2015 | |||||||||||||||||
| GAAP other income, net and interest expense | $ | (4,875 | ) | $ | (4,595 | ) | $ | (13,176 | ) | $ | (13,532 | ) | ||||||||
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Reconciling items to non-GAAP other income, net and interest expense: |
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| Equity in losses of unconsolidated entities | 36 | 72 | 81 | 33 | ||||||||||||||||
| Amortization of original issuance debt discount | 1,786 | 1,663 | 5,263 | 4,900 | ||||||||||||||||
| Non-GAAP other income, net and interest expense | $ | (3,053 | ) | $ | (2,860 | ) | $ | (7,832 | ) | $ | (8,599 | ) | ||||||||
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