|
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
(Unaudited, in thousands) | ||||||||
| Three Months Ended March 31, | ||||||||
| 2021 | 2020 | |||||||
| Gross profit | $ | 141,059 | $ | 91,447 | ||||
| Gross margin | 55.4 | % | 55.2 | % | ||||
| Adjustments to reconcile gross profit to non-GAAP gross profit: | ||||||||
| Stock-based compensation expense | 816 | 557 | ||||||
| Deferred compensation plan expense (income) | 161 | (54 | ) | |||||
| Non-GAAP gross profit | $ | 142,036 | $ | 91,950 | ||||
| Non-GAAP gross margin | 55.8 | % | 55.5 | % | ||||
|
RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
(Unaudited, in thousands) | ||||||||
| Three Months Ended March 31, | ||||||||
| 2021 | 2020 | |||||||
| Total operating expenses | $ | 94,973 | $ | 60,461 | ||||
| Adjustments to reconcile total operating expenses to non-GAAP total operating expenses: | ||||||||
| Stock-based compensation expense | (27,767 | ) | (18,005 | ) | ||||
| Deferred compensation plan income (expense) | (959 | ) | 3,602 | |||||
| Non-GAAP operating expenses | $ | 66,247 | $ | 46,058 | ||||
