**Adjusted EBITDA for the second quarter of 2018 has been recast to reflect the add-back of stock-based compensation expense.
Reconciliation of GAAP operating margin to adjusted operating margin for the second quarter*: |
||||||||
|
2019 |
|
2018 |
|||||
Operating margin |
Q2 |
|
Q1 |
|
Q2 |
|||
GAAP operating margin |
13.7 |
% |
13.7 |
% |
11.7 |
% |
||
|
|
|
|
|||||
Restructuring, severance, impairment and other related costs |
1.5 |
% |
0.8 |
% |
1.0 |
% |
||
Acquisition and related integration costs |
0.1 |
% |
0.2 |
% |
0.4 |
% |
||
Change in foreign jurisdiction tax regulation on equity awards attributable to a prior period |
—% |
0.2 |
% |
—% |
||||
Loss (gain) on sale of long-lived assets |
—% |
0.1 |
% |
(0.2 |
)% |
|||
Transition services, net |
—% |
0.3 |
% |
—% |
||||
Total discrete items |
1.7 |
% |
1.6 |
% |
1.2 |
% |
||
Operating margin adjusted for discrete items |
15.4 |
% |
15.3 |
% |
13.0 |
% |
||
|
|
|
|
|||||
Acquisition intangible amortization |
1.8 |
% |
1.8 |
% |
1.8 |
% |
||
|
|
|
|
|||||
Adjusted operating margin |
17.2 |
% |
17.1 |
% |
14.8 |
% |
||
*Percentages in table may not add due to rounding.
