Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2020
(Unaudited, in thousands)
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2020 | | |
2019 | | |
2020 | | |
2019 | |
| Total other income, net | | $ | 5,200 | | | $ | 2,229 | | | $ | 3,486 | | | $ | 5,569 | |
| | | | | | | | | | | | | | | | | |
| Adjustments to reconcile other income, net to non-GAAP other income, net: | | | | | | | | | | | | | | | | |
| Deferred compensation plan (income) expense | | | (3,572 | ) | | | (620 | ) | | | 177 | | | | (2,556 | ) |
| Non-GAAP other income, net | | $ | 1,628 | | | $ | 1,609 | | | $ | 3,663 | | | $ | 3,013 | |
RECONCILIATION OF INCOME BEFORE INCOME TAXES TO NON-GAAP INCOME BEFORE INCOME TAXES
(Unaudited, in thousands)
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2020 | | |
2019 | | |
2020 | | |
2019 | |
| Total income before income taxes | | $ | 33,155 | | | $ | 22,348 | | | $ | 62,427 | | | $ | 47,405 | |
| | | | | | | | | | | | | | | | | |
| Adjustments to reconcile income before income taxes to non-GAAP income before income taxes: | | | | | | | | | | | | | | | | |
| Stock-based compensation expense | | | 21,044 | | | | 22,709 | | | | 39,606 | | | | 38,719 | |
| Amortization of acquisition-related intangible assets | | | - | | | | 51 | | | | - | | | | 102 | |
| Deferred compensation plan expense | | | 460 | | | | 151 | | | | 554 | | | | 15 | |
| Non-GAAP income before income taxes | | $ | 54,659 | | | $ | 45,259 | | | $ | 102,587 | | | $ | 86,241 | |
