|
Three Months Ended |
|
Year Ended |
||||||||||||||||||||||||||||
|
December 31, |
|
December 31, |
||||||||||||||||||||||||||||
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
||||||||||||||||||||
|
$ |
|
EPS(1) |
|
$ |
|
EPS(1) |
|
$ |
|
EPS(1) |
|
$ |
|
EPS(1) |
||||||||||||||||
Net income |
$ |
25,722 |
|
|
$ |
0.08 |
|
|
$ |
38,581 |
|
|
$ |
0.12 |
|
|
$ |
174,780 |
|
|
$ |
0.55 |
|
|
$ |
93,192 |
|
|
$ |
0.30 |
|
Non-GAAP adjustments, prior to income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Amortization of purchased intangibles |
|
13,418 |
|
|
|
0.04 |
|
|
|
11,998 |
|
|
|
0.04 |
|
|
|
53,592 |
|
|
|
0.16 |
|
|
|
34,001 |
|
|
|
0.10 |
|
| Stock-based compensation |
|
23,592 |
|
|
|
0.07 |
|
|
|
15,966 |
|
|
|
0.05 |
|
|
|
74,566 |
|
|
|
0.22 |
|
|
|
48,152 |
|
|
|
0.15 |
|
| Deferred compensation plan |
|
6,091 |
|
|
|
0.02 |
|
|
|
5,719 |
|
|
|
0.02 |
|
|
|
(15,782 |
) |
|
|
(0.05 |
) |
|
|
95,046 |
|
|
|
0.29 |
|
| Acquisition expenses |
|
4,342 |
|
|
|
0.01 |
|
|
|
6,369 |
|
|
|
0.02 |
|
|
|
25,398 |
|
|
|
0.08 |
|
|
|
34,368 |
|
|
|
0.10 |
|
| Realignment (income) expenses |
|
(114 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,109 |
|
|
|
0.01 |
|
|
|
— |
|
|
|
— |
|
| Other income, net |
|
(9,505 |
) |
|
|
(0.03 |
) |
|
|
(1,155 |
) |
|
|
— |
|
|
|
(24,298 |
) |
|
|
(0.07 |
) |
|
|
(9,961 |
) |
|
|
(0.03 |
) |
| Total non-GAAP adjustments, prior to income taxes |
|
37,824 |
|
|
|
0.11 |
|
|
|
38,897 |
|
|
|
0.12 |
|
|
|
115,585 |
|
|
|
0.35 |
|
|
|
201,606 |
|
|
|
0.61 |
|
| Income tax effect of non-GAAP adjustments |
|
(4,227 |
) |
|
|
(0.01 |
) |
|
|
(5,909 |
) |
|
|
(0.02 |
) |
|
|
(18,059 |
) |
|
|
(0.05 |
) |
|
|
(30,491 |
) |
|
|
(0.09 |
) |
| Loss from investments accounted for using the equity method, net of tax |
|
366 |
|
|
|
— |
|
|
|
646 |
|
|
|
— |
|
|
|
2,212 |
|
|
|
0.01 |
|
|
|
3,585 |
|
|
|
0.01 |
|
| Adjusted net income (2)(3) |
$ |
59,685 |
|
|
$ |
0.19 |
|
|
$ |
72,215 |
|
|
$ |
0.22 |
|
|
$ |
274,518 |
|
|
$ |
0.85 |
|
|
$ |
267,892 |
|
|
$ |
0.83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
| Adjusted weighted average shares, diluted (4) |
330,825,309 |
|
332,450,516 |
|
331,765,158 |
|
328,085,393 |
||||||||||||||||||||||||
| ____________ | ||
| (1) |
Adjusted EPS was computed independently for each reconciling item presented; therefore, the sum of Adjusted EPS for each line item may not equal total Adjusted EPS due to rounding. |
|
| (2) |
Total Adjusted EPS for the three months and year ended December 31, 2021 have been corrected to reflect the dilutive effect of convertible senior notes. |
|
| (3) |
Adjusted EPS numerator includes $1,695 and $1,706 for the three months ended December 31, 2022 and 2021, respectively, and $6,810 and $4,843 for the years ended December 31, 2022 and 2021, respectively, related to interest expense, net of tax, attributable to the convertible senior notes using the if‑converted method. |
|
| (4) |
Adjusted weighted average shares, diluted includes incremental shares, which were considered anti-dilutive on a GAAP basis, of 6,908,798 shares for both the three months ended December 31, 2022 and 2021, and 13,474,579 shares for the year ended December 31, 2021 related to the dilutive effect of convertible senior notes using the if‑converted method. |
|
