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MENTOR GRAPHICS CORPORATION |
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UNAUDITED RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES |
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| (In thousands, except percentages) | |||||||||||||
| Three Months Ended April 30, | |||||||||||||
| 2014 | 2013 | ||||||||||||
| GAAP gross profit | $ | 194,708 | $ | 186,334 | |||||||||
| Reconciling items to non-GAAP gross profit: | |||||||||||||
| Equity plan-related compensation | 535 | 460 | |||||||||||
| Amortization of purchased technology | 1,361 | 1,207 | |||||||||||
| Non-GAAP gross profit | $ | 196,604 | $ | 188,001 | |||||||||
| Three Months Ended April 30, | |||||||||||||
| 2014 | 2013 | ||||||||||||
| GAAP gross profit as a percent of total revenues | 77.2 | % | 82.3 | % | |||||||||
| Non-GAAP adjustments detailed above | 0.8 | % | 0.7 | % | |||||||||
| Non-GAAP gross profit as a percent of total revenues | 78.0 | % | 83.0 | % | |||||||||
| Three Months Ended April 30, | |||||||||||||
| 2014 | 2013 | ||||||||||||
| GAAP operating expenses | $ | 193,064 | $ | 180,441 | |||||||||
| Reconciling items to non-GAAP operating expenses: | |||||||||||||
| Equity plan-related compensation | (7,594 | ) | (6,106 | ) | |||||||||
| Amortization of Frontline purchased technology and other | |||||||||||||
| identified intangible assets | (116 | ) | (737 | ) | |||||||||
| Amortization of other identified intangible assets | (1,750 | ) | (1,654 | ) | |||||||||
| Special charges a | (5,926 | ) | (4,023 | ) | |||||||||
| Non-GAAP operating expenses | $ | 177,678 | $ | 167,921 | |||||||||
| Three Months Ended April 30, | |||||||||||||
| 2014 | 2013 | ||||||||||||
| GAAP operating income | $ | 1,644 | $ | 5,893 | |||||||||
| Reconciling items to non-GAAP operating income: | |||||||||||||
| Equity plan-related compensation | 8,129 | 6,566 | |||||||||||
| Amortization of purchased technology | 1,361 | 1,207 | |||||||||||
| Amortization of Frontline purchased technology and other | |||||||||||||
| identified intangible assets | 116 | 737 | |||||||||||
| Amortization of other identified intangible assets | 1,750 | 1,654 | |||||||||||
| Special charges a | 5,926 | 4,023 | |||||||||||
| Non-GAAP operating income | $ | 18,926 | $ | 20,080 | |||||||||
| Three Months Ended April 30, | |||||||||||||
| 2014 | 2013 | ||||||||||||
| GAAP operating income as a percent of total revenues | 0.7 | % | 2.6 | % | |||||||||
| Non-GAAP adjustments detailed above | 6.8 | % | 6.3 | % | |||||||||
| Non-GAAP operating income as a percent of total revenues | 7.5 | % | 8.9 | % | |||||||||
| Three Months Ended April 30, | |||||||||||||
| 2014 | 2013 | ||||||||||||
| GAAP other income (expense), net and interest expense | $ | (4,843 | ) | $ | (5,744 | ) | |||||||
| Reconciling items to non-GAAP other income (expense), net | |||||||||||||
| and interest expense: | |||||||||||||
| Equity in earnings of unconsolidated entities | 13 | (51 | ) | ||||||||||
| Amortization of original issuance debt discount | 1,494 | 1,391 | |||||||||||
| Non-GAAP other income (expense), net and interest expense | $ | (3,336 | ) | $ | (4,404 | ) | |||||||
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a See footnote a for a discussion of the reclassification of certain litigation costs to special charges. |
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Mentor Graphics Reports Fiscal First Quarter Results
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