|
Cadence Design Systems, Inc. | ||||
|
As of July 24, 2017 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
September 30, 2017 |
|
December 30, 2017 |
|
|
|
Forecast |
|
Forecast |
|
|
|
|
|
|
|
Diluted net income per share on a GAAP basis |
$0.24 to $0.26 |
|
$0.98 to $1.04 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
0.05 |
|
0.20 |
|
|
Stock-based compensation expense |
0.12 |
|
0.46 |
|
|
Non-qualified deferred compensation expenses |
- |
|
0.01 |
|
|
Restructuring and other charges (credits) |
- |
|
(0.01) |
|
|
Acquisition and integration-related costs |
- |
|
0.01 |
|
|
Other income or expense related to investments and non-qualified |
|
|
|
|
|
deferred compensation plan assets* |
- |
|
(0.01) |
|
|
Income tax effect of non-GAAP adjustments |
(0.08) |
|
(0.28) |
|
|
|
|
|
|
|
Diluted net income per share on a non-GAAP basis�nbsp; |
$0.33 to $0.35 |
|
$1.36 to $1.42 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cadence Design Systems, Inc. | ||||
|
As of July 24, 2017 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Net Income | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
September 30, 2017 |
|
December 30, 2017 |
|
($ in millions) |
Forecast |
|
Forecast | |
|
|
|
|
|
|
|
Net income on a GAAP basis |
$66 to $72 |
|
$274 to $291 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
14 |
|
56 |
|
|
Stock-based compensation expense |
34 |
|
129 |
|
|
Non-qualified deferred compensation expenses |
- |
|
2 |
|
|
Restructuring and other charges (credits) |
- |
|
(3) |
|
|
Acquisition and integration-related costs |
1 |
|
3 |
|
|
Other income or expense related to investments and non-qualified |
|
|
|
|
|
deferred compensation plan assets* |
- |
|
(2) |
|
|
Income tax effect of non-GAAP adjustments |
(23) |
|
(79) |
|
|
|
|
|
|
|
Net income on a non-GAAP basis�nbsp; |
$92 to $98 |
|
$380 to $397 | |
|
|
|
�nbsp; The non-GAAP measures presented in the table above should not be considered a substitute for financial results and measures determined or calculated in accordance with GAAP. |
|
|
|
* Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. |
