The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets under ASC 606 for the periods indicated below.
GAAP to Non-GAAP Reconciliation of First Quarter Fiscal Year 2019 Targets (1) | |||
(in thousands, except per share amounts) | |||
|
|
|
|
|
|
| ASC 606 | ||
|
| Range for Three Months | ||
|
| Ending January 31, 2019 (2) | ||
|
| Low |
| High |
Target GAAP expenses | $ 677,000 |
| $ 693,000 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets | (28,000) |
| (31,000) |
Estimated impact of stock compensation | (37,000) |
| (40,000) |
Target non-GAAP expenses | $ 612,000 |
| $ 622,000 |
|
|
|
|
|
|
|
|
|
|
|
| ASC 606 | ||
|
| Range for Three Months | ||
|
| Ending January 31, 2019 (2) | ||
|
| Low |
| High |
Target GAAP earnings per share | $ 0.56 |
| $ 0.64 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets | 0.20 |
| 0.18 |
Estimated impact of stock compensation | 0.26 |
| 0.24 |
Estimated impact of tax adjustments | (0.07) |
| (0.06) |
Target non-GAAP earnings per share | $ 0.95 |
| $ 1.00 |
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) | 154,500 |
| 154,500 |
|
|
|
|
|
|
|
|
|
|
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2019 Targets (1) | |||
(in thousands, except per share amounts) | |||
|
|
|
|
|
|
| ASC 606 | ||
|
| Range for Fiscal Year | ||
|
| October 31, 2019 (2) | ||
|
| Low |
| High |
Target GAAP expenses | $ 2,787,000 |
| $ 2,817,000 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets | (99,000) |
| (104,000) |
Estimated impact of stock compensation | (158,000) |
| (163,000) |
Target non-GAAP expenses | $ 2,530,000 |
| $ 2,550,000 |
|
|
|
|
|
|
|
|
|
|
|
| ASC 606 | ||
|
| Range for Fiscal Year | ||
|
| October 31, 2019 (2) | ||
|
| Low |
| High |
| Target GAAP earnings per share | $ 2.80 |
| $ 2.90 |
| Adjustments: |
|
|
|
| Estimated impact of amortization of intangible assets | 0.79 |
| 0.77 |
| Estimated impact of stock compensation | 0.93 |
| 0.91 |
| Estimated impact of tax adjustments | (0.32) |
| (0.31) |
| Target non-GAAP earnings per share | $ 4.20 |
| $ 4.27 |
|
|
|
|
|
| Shares used in non-GAAP calculation (midpoint of target range) | 154,500 |
| 154,500 |
|
| |||
| (1) Synopsys will adopt new revenue recognition guidance ASC 606, Revenue from Contracts with Customers, at the beginning of fiscal 2019 under the modified retrospective method. | |||
|
| |||
| (2) Synopsys' first fiscal quarter and fiscal year will end on February 2, 2019 and November 2, 2019, respectively. For presentation purposes, we refer to the closest calendar month end. |
