(in thousands, except share and per share data)
(unaudited)
Reconciliation of operating income to Adjusted OI w/SBC and to Adjusted operating income:
|
|
Three Months Ended |
|
Six Months Ended |
|||||||||||
|
|
June 30, |
|
June 30, |
|||||||||||
|
|
|
2023 |
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
Operating income |
|
$ |
53,305 |
|
$ |
55,717 |
|
|
$ |
119,090 |
|
|
$ |
112,309 |
|
Amortization of purchased intangibles |
|
|
12,625 |
|
|
13,671 |
|
|
|
26,360 |
|
|
|
26,599 |
|
Deferred compensation plan |
|
|
3,777 |
|
|
(12,159 |
) |
|
|
7,923 |
|
|
|
(17,297 |
) |
Acquisition expenses |
|
|
3,521 |
|
|
3,856 |
|
|
|
12,298 |
|
|
|
17,853 |
|
Realignment expenses (income) |
|
|
29 |
|
|
3,194 |
|
|
|
(1,950 |
) |
|
|
3,194 |
|
| Adjusted OI w/SBC |
|
|
73,257 |
|
|
64,279 |
|
|
|
163,721 |
|
|
|
142,658 |
|
| Stock-based compensation expense |
|
|
17,670 |
|
|
17,395 |
|
|
|
36,868 |
|
|
|
32,348 |
|
| Adjusted operating income |
|
$ |
90,927 |
|
$ |
81,674 |
|
|
$ |
200,589 |
|
|
$ |
175,006 |
|
