Synopsys Posts Financial Results for First Quarter Fiscal Year 2016

Reconciliation of First Quarter Fiscal Year 2016 Results

The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP net income and earnings per share for the period indicated below.

 


GAAP to Non-GAAP Reconciliation of First Quarter Fiscal Year 2016 Results

(unaudited and in thousands, except per share amounts)






Three Months Ended


January 31,


2016


2015

GAAP net income

$   60,035


$                    65,189

Adjustments:




Amortization of intangible assets

37,461


32,308

Stock compensation

23,013


20,581

Acquisition-related costs

3,872


712

Restructuring charges

2,093


15,336

Legal and tax matters

-


(1,519)

Tax adjustments (1)

(20,541)


(6,936)

Non-GAAP net income 

$ 105,933


$                  125,671














Three Months Ended


January 31,


2016


2015

GAAP net income per share

$       0.39


$                        0.41

Adjustments:




Amortization of intangible assets

0.24


0.21

Stock compensation

0.15


0.13

Acquisition-related costs

0.02


0.00

Restructuring charges

0.01


0.10

Legal and tax matters

-


(0.01)

Tax adjustments (1)

(0.13)


(0.04)

Non-GAAP net income per share

$       0.68


$                        0.80





Shares used in calculation

155,283


157,206





(1) Fiscal 2016 tax adjustments reflect the application of our normalized annual non-GAAP tax rate to non-GAAP pre-tax income.


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