Mentor Graphics Reports Fiscal Third Quarter Results

MENTOR GRAPHICS CORPORATION

UNAUDITED RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES

(In thousands, except percentages)
                         
 
Three Months Ended October 31, Nine Months Ended October 31,
  2010     2009     2010     2009  
GAAP gross margin $ 199,975 $ 161,727 $ 507,100 $ 476,126
Reconciling items to non-GAAP gross margin
Equity plan-related compensation 221 349 671 1,318
Amortization of purchased technology   3,299     3,089     10,428     8,965  
Non-GAAP gross margin $ 203,495   $ 165,165   $ 518,199   $ 486,409  
 
 
Three Months Ended October 31, Nine Months Ended October 31,
  2010     2009     2010     2009  
GAAP gross margin as a percent of total revenues 84 % 85 % 83 % 84 %
Non-GAAP adjustments detailed above   1 %   2 %   2 %   2 %
Non-GAAP gross margin as a percent of total revenues   85 %   87 %   85 %   86 %
 
 
Three Months Ended October 31, Nine Months Ended October 31,
  2010     2009     2010     2009  
GAAP operating expenses $ 179,334 $ 168,995 $ 511,944 $ 501,037
Reconciling items to non-GAAP operating expenses

Amortization of Frontline purchased technology and other identified intangible assets

(1,242 ) - (3,105 ) -
Equity plan-related compensation (4,686 ) (5,360 ) (15,920 ) (19,658 )
Amortization of other identified intangible assets (1,445 ) (2,796 ) (5,742 ) (8,554 )
Special charges   (1,578 )   (5,993 )   (8,052 )   (15,890 )
Non-GAAP operating expenses $ 170,383   $ 154,846   $ 479,125   $ 456,935  
 
 
Three Months Ended October 31, Nine Months Ended October 31,
  2010     2009     2010     2009  
GAAP operating income (loss) $ 20,641 $ (7,268 ) $ (4,844 ) $ (24,911 )
Reconciling items to non-GAAP operating income

Amortization of Frontline purchased technology and other identified intangible assets

1,242 - 3,105 -
Equity plan-related compensation 4,907 5,709 16,591 20,976
Amortization of purchased intangible assets:
Cost of revenues 3,299 3,089 10,428 8,965
Amortization of intangible assets 1,445 2,796 5,742 8,554
Special Charges   1,578     5,993     8,052     15,890  
Non-GAAP operating income $ 33,112   $ 10,319   $ 39,074   $ 29,474  
 
 
Three Months Ended October 31, Nine Months Ended October 31,
  2010     2009     2010     2009  
GAAP operating income (loss) as a percent of total revenues 9 % -4 % -1 % -4 %
Non-GAAP adjustments detailed above   5 %   9 %   7 %   9 %
Non-GAAP operating income as a percent of total revenues   14 %   5 %   6 %   5 %
 
 
Three Months Ended October 31, Nine Months Ended October 31,
  2010     2009     2010     2009  
GAAP other expense, net and interest expense $ (4,530 ) $ (5,389 ) $ (14,739 ) $ (14,521 )
Reconciling items to non-GAAP other income (expense), net
and interest expense
Equity in losses of unconsolidated entities - 170 271 738
Impairment of cost method investment - - - 113
Amortization of debt discount and retirement costs   753     698     2,571     1,697  
Non-GAAP other expense, net and interest expense $ (3,777 ) $ (4,521 ) $ (11,897 ) $ (11,973 )
 
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »



Review Article Be the first to review this article
Featured Video
Jobs
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
ASIC FPGA Verification Engineer for General Dynamics Mission Systems at Bloomington, MN
Technical Support Engineer for EDA Careers at Freemont, CA
Senior DSP Architect / System Engineer for General Dynamics Mission Systems at Scottsdale, AZ
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Upcoming Events
FPGA 2017 at 350 Calle Pincipal, Marriott Hotel Monterey CA - Feb 22 - 24, 2017
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy