2020 THIRD QUARTER OUTLOOK
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
(Unaudited)
| Three Months Ending | ||||||||
| September 30, 2020 | ||||||||
| Low | High | |||||||
| Gross margin | 55.2 | % | 55.8 | % | ||||
| Adjustments to reconcile gross margin to non-GAAP gross margin: | ||||||||
| Stock-based compensation expense | 0.3 | % | 0.3 | % | ||||
| Non-GAAP gross margin | 55.5 | % | 56.1 | % | ||||
RECONCILIATION OF R&D AND SG&A EXPENSES TO NON-GAAP R&D AND SG&A EXPENSES
(Unaudited, in thousands)
| Three Months Ending | ||||||||
| September 30, 2020 | ||||||||
| Low | High | |||||||
| R&D and SG&A expense | $ | 70,700 | $ | 74,700 | ||||
| Adjustments to reconcile R&D and SG&A expense to non-GAAP R&D and SG&A expense: | ||||||||
| Stock-based compensation expense | (20,500 | ) | (22,500 | ) | ||||
| Non-GAAP R&D and SG&A expense | $ | 50,200 | $ | 52,200 | ||||
