GAAP to Non-GAAP Earnings Reconciliation | |||||||||||||||||||||
(In millions, except per share amounts) | |||||||||||||||||||||
Quarter Ended | |||||||||||||||||||||
April 4, 2021 | % of Net Revenues | December 31, 2020 | % of Net Revenues | March 29, 2020 | % of Net Revenues | ||||||||||||||||
Net revenues | $ | 781.6 | $ | 759.0 | $ | 704.4 | |||||||||||||||
Gross profit GAAP | $ | 461.6 | 59.1% | $ | 449.8 | 59.3% | $ | 405.6 | 57.6% | ||||||||||||
Inventory step-up | - | - | - | - | 0.1 | 0.0 % | |||||||||||||||
Gross profit non-GAAP | $ | 461.6 | 59.1 % | $ | 449.8 | 59.3 % | $ | 405.7 | 57.6 % | ||||||||||||
Income from operations - GAAP | $ | 233.0 | 29.8 % | $ | 234.1 | 30.8 % | $ | 206.7 | 29.3 % | ||||||||||||
Restructuring and other (1) | (7.1 | ) | -0.9% | (15.1 | ) | -2.0% | (7.6 | ) | -1.1% | ||||||||||||
Acquired intangible assets amortization | 5.5 | 0.7 % | 5.8 | 0.8 % | 9.9 | 1.4 % | |||||||||||||||
Equity modification charge | - | - | 0.8 | 0.1 % | - | - | |||||||||||||||
Inventory step-up | - | - | - | - | 0.1 | 0.0 % | |||||||||||||||
Income from operations - non-GAAP | $ | 231.4 | 29.6 % | $ | 225.6 | 29.7 % | $ | 209.1 | 29.7 % |
Teradyne Reports First Quarter 2021 Results
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