| RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN | ||||||||||||||||
| (Unaudited, in thousands) | ||||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| Gross profit | $ | 193,873 | $ | 128,874 | $ | 685,459 | $ | 465,954 | ||||||||
| Gross margin | 57.6 | % | 55.3 | % | 56.8 | % | 55.2 | % | ||||||||
| Adjustments to reconcile gross profit to non-GAAP gross profit: | ||||||||||||||||
| Stock-based compensation expense | 921 | 686 | 3,543 | 2,592 | ||||||||||||
| Deferred compensation plan expense | 156 | 281 | 256 | 931 | ||||||||||||
| Non-GAAP gross profit | $ | 194,950 | $ | 129,841 | $ | 689,258 | $ | 469,477 | ||||||||
| Non-GAAP gross margin | 57.9 | % | 55.7 | % | 57.1 | % | 55.6 | % | ||||||||
Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2021 and an Increase in Quarterly Cash Dividend
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