2021 THIRD QUARTER OUTLOOK
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
(Unaudited)
| Three Months Ending | ||||||||
| September 30, 2021 | ||||||||
| Low | High | |||||||
| Gross margin | 57.3 | % | 57.9 | % | ||||
| Adjustment to reconcile gross margin to non-GAAP gross margin: | ||||||||
| Stock-based compensation expense | 0.3 | % | 0.3 | % | ||||
| Non-GAAP gross margin | 57.6 | % | 58.2 | % | ||||
| Additional adjustment: | ||||||||
| One-time benefit from a litigation settlement | (1.3 | )% | (1.3 | )% | ||||
| Non-GAAP gross margin | 56.3 | % | 56.9 | % | ||||
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, 2021 | ||||||||
| Low | High | |||||||
| R&D and SG&A expense | $ | 104,100 | $ | 108,100 | ||||
| Adjustments to reconcile R&D and SG&A expense to non-GAAP R&D and SG&A expense: | ||||||||
| Stock-based compensation expense | (30,200 | ) | (32,200 | ) | ||||
| Non-GAAP R&D and SG&A expense | $ | 73,900 | $ | 75,900 | ||||
