Synopsys Posts Financial Results for Third Quarter Fiscal Year 2008 (Revenue up 13%)

 

Reconciliation of Target 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 Fourth Quarter Fiscal Year 2008 Targets
                   (in thousands, except per share amounts)

                                                     Range for Three Months
                                                    Ending October 31, 2008
                                                     Low              High
    Target GAAP expenses                          $295,000          $310,000
    Adjustment:
      Estimated impact of amortization of
       intangible assets                            (9,000)          (12,000)
      Estimated impact of share-based
       compensation                                (13,000)          (15,000)
    Target non-GAAP expenses                      $273,000          $283,000



                                                      Range for Three Months
                                                     Ending October 31, 2008
                                                      Low               High
    Target GAAP earnings per share                   $0.23             $0.29
    Adjustment:
      Estimated impact of amortization of
       intangible assets                              0.08              0.06
      Estimated impact of share-based
       compensation                                   0.10              0.08
      Net non-GAAP tax effect                        (0.05)            (0.04)
    Target non-GAAP earnings per share               $0.36             $0.39

    Shares used in non-GAAP calculation
     (midpoint of target range)                    149,500           149,500



         GAAP to Non-GAAP Reconciliation of Fiscal Year 2008 Targets

                                                      Range for Fiscal Year
                                                     Ending October 31, 2008
                                                      Low               High
    Target GAAP earnings per share                   $1.20             $1.26
    Adjustment:
      Estimated impact of amortization of
       intangible assets                              0.32              0.30
      Estimated impact of share-based
       compensation                                   0.44              0.43
      In-process research and development             0.03              0.03
      Tax benefit from IRS settlement                (0.12)            (0.12)
      Net non-GAAP tax effect                        (0.22)            (0.22)
    Target non-GAAP earnings per share               $1.65             $1.68

    Shares used in non-GAAP calculation
     (midpoint of target range)                    148,500                   148,500


 




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