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RECONCILIATION OF INCOME BEFORE INCOME TAXES TO NON-GAAP INCOME BEFORE INCOME TAXES
(Unaudited, in thousands) | ||||||||
| Three Months Ended March 31, | ||||||||
| 2021 | 2020 | |||||||
| Total income before income taxes | $ | 48,673 | $ | 29,272 | ||||
| Adjustments to reconcile income before income taxes to non-GAAP income before income taxes: | ||||||||
| Stock-based compensation expense | 28,583 | 18,562 | ||||||
| Deferred compensation plan expense (income) | (57 | ) | 94 | |||||
| Non-GAAP income before income taxes | $ | 77,199 | $ | 47,928 | ||||
|
2021 SECOND QUARTER OUTLOOK
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) | ||||||||
| Three Months Ending | ||||||||
| June 30, 2021 | ||||||||
| Low | High | |||||||
| Gross margin | 55.1 | % | 55.7 | % | ||||
| Adjustments to reconcile gross margin to non-GAAP gross margin: | ||||||||
| Stock-based compensation expense | 0.4 | % | 0.4 | % | ||||
| Non-GAAP gross margin | 55.5 | % | 56.1 | % | ||||
