(1) |
Included changes to the fair value of contingent consideration related to a prior year acquisition. |
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 2012 Targets | |||
(in thousands, except per share amounts) | |||
| |||
|
Range for Three Months | ||
|
Ending January 31, 2012 (1) | ||
|
Low |
|
High |
Target GAAP expenses |
$ 340,000 |
|
$ 357,000 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
(16,000) |
|
(19,000) |
Estimated impact of stock compensation |
(14,000) |
|
(18,000) |
Target non-GAAP expenses |
$ 310,000 |
|
$ 320,000 |
|
|
|
|
|
Range for Three Months | ||
|
Ending January 31, 2012 (1) | ||
|
Low |
|
High |
Target GAAP earnings per share |
$ 0.33 |
|
$ 0.38 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
0.13 |
|
0.11 |
Estimated impact of stock compensation |
0.12 |
|
0.10 |
Net non-GAAP tax adjustments |
(0.07) |
|
(0.06) |
Target non-GAAP earnings per share |
$ 0.51 |
|
$ 0.53 |
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
147,000 |
|
147,000 |
|
|
|
|
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2012 Targets | |||
|
|
|
|
|
Range for Fiscal Year | ||
|
Ending October 31, 2012 | ||
|
Low |
|
High |
Target GAAP earnings per share |
$ 1.28 |
|
$ 1.44 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
0.48 |
|
0.41 |
Estimated impact of stock compensation |
0.47 |
|
0.40 |
Net non-GAAP tax adjustments |
(0.30) |
|
(0.26) |
Target non-GAAP earnings per share |
$ 1.93 |
|
$ 1.99 |
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
147,000 |
|
147,000 |