Synopsys Posts Financial Results for First Quarter Fiscal Year 2012

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 Second Quarter Fiscal Year 2012 Targets

(in thousands, except per share amounts)



Range for Three Months


Ending April 30, 2012 (1)


Low


High

Target GAAP expenses

$      332,000


$      348,000

Adjustments:




      Estimated impact of amortization of intangible assets

(16,000)


(19,000)

      Estimated impact of stock compensation

(13,000)


(16,000)

Target non-GAAP expenses

$      303,000


$      313,000










Range for Three Months


Ending April 30, 2012


Low


High

Target GAAP earnings per share

$            0.37


$            0.43

Adjustments:




Estimated impact of amortization of intangible assets

0.13


0.11

Estimated impact of stock compensation

0.11


0.09

Net non-GAAP tax adjustments

(0.07)


(0.07)

Target non-GAAP earnings per share

$            0.54


$            0.56





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

148,000


148,000









GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2012 Targets




Range for Fiscal Year


Ending October 31, 2012 (1)


Low


High

Target GAAP earnings per share

$            1.33


$            1.48

Adjustments:




Estimated impact of amortization of intangible assets

0.45


0.41

Estimated impact of stock compensation

0.44


0.40

Acquisition-related costs (2)

0.01


-

Facility restructuring charges

0.00


-

Net non-GAAP tax adjustments

(0.26)


(0.26)

Target non-GAAP earnings per share

$            1.97


$            2.03





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

148,000


148,000



(1)  Synopsys' fiscal 2012 is a 53 week year ending on November 3, 2012.  For presentation purposes, the periods refer to a calendar month ending April 30 and October 31, 2012.


(2)  Included changes to the fair value of contingent consideration related to a prior year acquisition.




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