| RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES | ||||||||||||||||
| (Unaudited, in thousands) | ||||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| Total operating expenses | $ | 115,302 | $ | 88,911 | $ | 423,042 | $ | 307,072 | ||||||||
| Adjustments to reconcile total operating expenses to non-GAAP total operating expenses: | ||||||||||||||||
| Stock-based compensation expense | (30,275 | ) | (22,284 | ) | (119,936 | ) | (82,959 | ) | ||||||||
| Amortization of purchased intangible assets | (33 | ) | - | (44 | ) | - | ||||||||||
| Deferred compensation plan expense | (2,020 | ) | (3,047 | ) | (4,868 | ) | (4,719 | ) | ||||||||
| Non-GAAP operating expenses | $ | 82,974 | $ | 63,580 | $ | 298,194 | $ | 219,394 | ||||||||
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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