Synopsys Posts Financial Results for First Quarter Fiscal Year 2015

 

 

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 2015 Targets

(in thousands, except per share amounts)

       
 

 Range for Three Months 

 

Ending April 30, 2015 (1)

 

Low

 

High

Target GAAP expenses

$   470,000

 

$   489,000

Adjustments:

     

      Estimated impact of amortization of intangible assets

(32,000)

 

(36,000)

      Estimated impact of stock compensation

(20,000)

 

(25,000)

Target non-GAAP expenses

$   418,000

 

$   428,000

       
       
 

Range for Three Months

 

Ending April 30, 2015 (1)

 

Low

 

High

Target GAAP earnings per share

$         0.26

 

$         0.33

Adjustments:

     

Estimated impact of amortization of intangible assets

0.23

 

0.20

Estimated impact of stock compensation

0.16

 

0.13

Estimated impact of tax adjustments

(0.03)

 

(0.02)

Target non-GAAP earnings per share

$         0.62

 

$         0.64

       

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

157,000

 

157,000

       
       

GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2015 Targets

       
 

Range for Fiscal Year

 

Ending October 31, 2015 (1)

 

Low

 

High

Target GAAP earnings per share

$         1.41

 

$         1.50

Adjustments:

     

Estimated impact of amortization of intangible assets

0.85

 

0.80

Estimated impact of stock compensation

0.60

 

0.55

Acquisition-related costs

0.00

 

0.00

Restructuring charges

0.10

 

0.10

Legal and tax matters

(0.01)

 

(0.01)

Net non-GAAP tax adjustments

(0.20)

 

(0.14)

Target non-GAAP earnings per share

$         2.75

 

$         2.80

       

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

157,000

 

157,000

       

(1) Synopsys' second quarter and fiscal year end on May 2, 2015 and October 31, 2015, respectively. 


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