The table below presents a reconciliation of Non-GAAP net income to net income attributable to InterDigital, Inc., the most directly comparable GAAP financial measure:
| For the Three Months Ended March 31, | Outlook | ||||||||||
| (in thousands, except for per share data) | (in millions, except for per share data) | ||||||||||
| 2024 | 2023 | Q2 2024 | Full Year 2024 | ||||||||
| Net income attributable to InterDigital, Inc. | $ | 81,652 | $ | 105,259 | $5.5 - $8.0 | $140 - $175 | |||||
| Share-based compensation | 9,386 | 7,790 | 10.0 | 42 | |||||||
| Acquisition related amortization | 8,421 | 10,268 | 8.0 | 33 | |||||||
| Other operating items (a) | — | 8,237 | — | — | |||||||
| Other non-operating items (b) | 674 | (158 | ) | (1.0) | — | ||||||
| Related income tax and noncontrolling interest effect of above items | (3,881 | ) | (6,739 | ) | (4.0) | (16) | |||||
| Adjustments to income taxes | (1,708 | ) | (1,042 | ) | — | — | |||||
| Non-GAAP net income 3 | $ | 94,544 | $ | 123,615 | $18.5 - $21.0 | $199 - $234 | |||||
| Weighted average dilutive shares - GAAP | 28,341 | 29,372 | 27.8 | 28.3 | |||||||
| Less: Dilutive impact of the Convertible Notes | 1,942 | — | 1.5 | 1.6 | |||||||
| Weighted average dilutive shares - Non-GAAP 3 | 26,399 | 29,372 | 26.3 | 26.7 | |||||||
| Non-GAAP EPS 3 | $ | 3.58 | $ | 4.21 | $0.70 - $0.80 | $7.45 - $8.76 | |||||
| (a) Other items in the above table includes a $5.7 million one-time charge for a net litigation fee reimbursement and a $2.5 million one-time impairment on our patents held for sale during the three months ended March 31, 2023.
(b) Other non-operating items includes net (gains) or losses from observable price changes of our long-term strategic investments. | |||||||||||
