Mentor Graphics Reports Fiscal Fourth Quarter Results
|
|
|
MENTOR GRAPHICS CORPORATION
|
|
UNAUDITED RECONCILIATION OF GAAP TO
NON-GAAP
|
|
EARNINGS PER SHARE
|
|
|
|
|
|
|
|
|
The following table reconciles management's estimates of the
specific items excluded from GAAP in the calculation of estimated
non-GAAP net income per share for Q1'17 and fiscal year 2017.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Estimated
|
|
Estimated
|
|
|
|
|
Q1'17
|
|
FY'17
|
|
Diluted GAAP net income (loss) per share
|
|
$
|
(0.12
|
)
|
|
$
|
1.22
|
|
|
Non-GAAP adjustments:
|
|
|
|
|
|
Amortization of purchased technology (1)
|
|
|
0.02
|
|
|
|
0.06
|
|
|
Amortization of other identified intangible assets (2)
|
|
|
0.01
|
|
|
|
0.05
|
|
|
Equity plan-related compensation (3)
|
|
|
0.09
|
|
|
|
0.38
|
|
|
Other income (expense), net and interest expense (4)
|
|
|
0.02
|
|
|
|
0.06
|
|
|
Non-GAAP income tax effects (5)
|
|
|
(0.02
|
)
|
|
|
(0.09
|
)
|
|
|
|
|
|
|
|
|
Diluted non-GAAP net income per share
|
|
$
|
-
|
|
|
$
|
1.68
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Excludes amortization of purchased technology resulting from
acquisitions. Purchased technology is generally amortized over two
to five years.
|
|
(2)
|
Excludes amortization of other identified intangible assets
including trade names, customer relationships, and backlog resulting
from acquisition transactions. Other identified intangible assets
are generally amortized over two to five years.
|
|
(3)
|
Excludes equity plan-related compensation expense for the fair value
of all share-based payments to employees for stock options and
restricted stock units, and purchases made as a result of the
employee stock purchase plans.
|
|
(4)
|
Excludes amortization of original issuance debt discount, and income
(loss) from an investment accounted for under the equity method of
accounting.
|
|
(5)
|
Non-GAAP income tax expense adjustment reflects the application of
our assumed normalized effective 19% tax rate, instead of our GAAP
tax rate, to our non-GAAP pre-tax income.
|
