(1) Synopsys' fourth quarter of fiscal year 2020 and 2019 ended on October 31, 2020 and November 2, 2019, respectively. For presentation purposes, we refer to the closest calendar month end. | |||||||
|
|
Reconciliation of Fiscal Year 2021 Targets
The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets for the periods indicated below.
GAAP to Non-GAAP Reconciliation of First Quarter Fiscal Year 2021 Targets (1) | |||
(in thousands, except per share amounts) | |||
|
|
|
|
|
|
|
| ||
|
| Range for Three Months Ending | ||
|
| January 31, 2021 | ||
|
| Low |
| High |
Target GAAP expenses | $ 767,000 |
| $ 785,000 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets | (19,000) |
| (22,000) |
Estimated impact of stock compensation | (74,000) |
| (79,000) |
Target non-GAAP expenses | $ 674,000 |
| $ 684,000 |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
| Range for Three Months Ending | ||
|
| January 31, 2021 | ||
|
| Low |
| High |
Target GAAP earnings per share | $ 1.05 |
| $ 1.16 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets | 0.14 |
| 0.12 |
Estimated impact of stock compensation | 0.50 |
| 0.47 |
Estimated impact of tax adjustments | (0.25) |
| (0.26) |
Target non-GAAP earnings per share | $ 1.44 |
| $ 1.49 |
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) | 156,500 |
| 156,500 |
|
|
|
|
|
|
|
|
|
|
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2021 Targets(1) | |||
(in thousands, except per share amounts) | |||
|
|
|
|
|
|
|
| ||
|
| Range for Fiscal Year Ending | ||
|
| October 31, 2021 | ||
|
| Low |
| High |
Target GAAP expenses | $ 3,226,000 |
| $ 3,271,000 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets | (71,000) |
| (76,000) |
Estimated impact of stock compensation | (330,000) |
| (340,000) |
Target non-GAAP expenses | $ 2,825,000 |
| $ 2,855,000 |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
| Range for Fiscal Year Ending | ||
|
| October 31, 2021 | ||
|
| Low |
| High |
| Target GAAP earnings per share | $ 4.39 |
| $ 4.54 |
| Adjustments: |
|
|
|
| Estimated impact of amortization of intangible assets | 0.48 |
| 0.45 |
| Estimated impact of stock compensation | 2.16 |
| 2.10 |
| Estimated impact of tax adjustments | (0.80) |
| (0.79) |
| Target non-GAAP earnings per share | $ 6.23 |
| $ 6.30 |
|
|
|
|
|
| Shares used in non-GAAP calculation (midpoint of target range) | 157,500 |
| 157,500 |
