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MENTOR GRAPHICS CORPORATION |
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UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP |
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EARNINGS PER SHARE |
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| 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 Q1'15 and fiscal year 2015. | ||||||||||||
| Estimated | Estimated | |||||||||||
| Q1'15 | FY'15 | |||||||||||
| Diluted GAAP net income per share | $ | - | $ | 1.50 | ||||||||
| Non-GAAP Adjustments: | ||||||||||||
| Amortization of purchased intangible assets (1) | 0.01 | 0.04 | ||||||||||
| Amortization of other identified intangible assets (2) | 0.01 | 0.04 | ||||||||||
| Equity plan-related compensation (3) | 0.07 | 0.31 | ||||||||||
| Other income (expense), net and interest expense (4) | 0.01 | 0.05 | ||||||||||
| Non-GAAP income tax effects (5) | (0.04 | ) | (0.19 | ) | ||||||||
| Diluted non-GAAP net income per share | $ | 0.06 | $ | 1.75 | ||||||||
| (1 | ) | Excludes amortization of purchased intangible assets resulting from acquisitions. Purchased intangible assets are 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 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 income from an investment accounted for under the equity method of accounting, and amortization of original issuance debt discount. | ||||||||||
| (5 | ) | Non-GAAP income tax expense adjustment reflects the application of our assumed normalized effective 17% tax rate, instead of our GAAP tax rate, to our non-GAAP pre-tax income. | ||||||||||
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Mentor Graphics Reports Fiscal Fourth Quarter Results and Announces 11% Dividend Increase
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