Synopsys Posts Financial Results for First Quarter Fiscal Year 2014

 

Reconciliation of Target Non-GAAP Operating Results

The following tables reconcile the specific items excluded from GAAP in the calculation of target non-GAAP operating results for the periods indicated below.

 


GAAP to Non-GAAP Reconciliation of Second Quarter Fiscal Year 2014 Targets

(in thousands, except per share data)


 Range for Three Months 


Ending April 30, 2014 (1)


Low


High

Target GAAP expenses

$      422,000


$     444,000

Adjustment:




      Estimated impact of amortization of intangible assets

(27,000)


(35,000)

      Estimated impact of stock compensation expense 

(18,000)


(22,000)

Target non-GAAP expenses

$      377,000


$     387,000










Range for Three Months


Ending April 30, 2014 (1)


Low


High

Target GAAP earnings (loss) per share

$            0.33


$           0.41

Adjustment:




Estimated impact of amortization of intangible assets

0.22


0.17

Estimated impact of stock-based compensation 

0.14


0.11

Net non-GAAP tax effect 

(0.09)


(0.07)

Target non-GAAP earnings per share

$            0.60


$           0.62





Shares used in non-GAAP calculation (midpoint of target range)

157,000


157,000









GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2014 Targets






Range for Fiscal Year


Ending October 31, 2014 (1)


Low


High

Target GAAP earnings per share

$            1.72


$           1.83

Adjustment:




Estimated impact of amortization of intangible assets

0.74


0.69

Estimated impact of stock-based compensation 

0.52


0.48

Estimated Impact of tax settlement

(0.07)


(0.07)

Tax effect

(0.36)


(0.33)

Target non-GAAP earnings per share

$            2.55


$           2.60





Shares used in non-GAAP calculation (midpoint of target range)

157,000


157,000





(1) Synopsys' second quarter and fiscal year end on May 3, and November 1, 2014, respectively.  For presentation purposes, the periods refer to the closest calendar month end.


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