Synopsys Posts Financial Results for Fourth Quarter and 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 First Quarter Fiscal Year 2016 Targets

(in thousands, except per share amounts)






 Range for Three Months 


Ending January 31, 2016 (1)


Low


High

Target GAAP expenses

$  505,000


$  524,000

Adjustments:




      Estimated impact of amortization of intangible assets

(37,000)


(41,000)

      Estimated impact of stock compensation

(23,000)


(28,000)

Target non-GAAP expenses

$  445,000


$  455,000










Range for Three Months


Ending January 31, 2016 (1)


Low


High

Target GAAP earnings per share

$        0.25


$        0.33

Adjustments:




Estimated impact of amortization of intangible assets

0.26


0.24

Estimated impact of stock compensation

0.18


0.15

Estimated impact of tax adjustments (2)

(0.09)


(0.09)

Target non-GAAP earnings per share

$        0.60


$        0.63





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

156,500


156,500









GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2016 Targets






Range for Fiscal Year


Ending October 31, 2016 (1)


Low


High

Target GAAP earnings per share

$        1.55


$        1.71

Adjustments:




Estimated impact of amortization of intangible assets

0.84


0.79

Estimated impact of stock compensation

0.68


0.64

Estimated impact of tax adjustments (2)

(0.14)


(0.14)

Target non-GAAP earnings per share

$        2.93


$        3.00





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

156,500


156,500





(1) Synopsys' first quarter and fiscal year end on January 30, 2016 and October 29, 2016, respectively.  For presentation purposes, we refer to the closest calendar month end.

(2) Estimated impact of tax adjustments reflects the application of our normalized annual non-GAAP tax rate to non-GAAP pre-tax income.


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