|
Cadence Design Systems, Inc. | ||||
|
As of July 27, 2015 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
October 3, 2015 |
|
January 2, 2016 |
|
|
|
Forecast |
|
Forecast |
|
|
|
|
|
|
|
Diluted net income per share on a GAAP basis |
$0.17 to $0.19 |
|
$0.63 to $0.69 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
0.05 |
|
0.21 |
|
|
Stock-based compensation expense |
0.08 |
|
0.30 |
|
|
Non-qualified deferred compensation expenses |
- |
|
- |
|
|
Restructuring and other charges |
- |
|
0.01 |
|
|
Acquisition and integration-related costs |
- |
|
0.02 |
|
|
Amortization of debt discount on convertible notes |
- |
|
0.02 |
|
|
Other income or expense related to investments and non-qualified deferred compensation plan assets* |
- |
|
- |
|
|
Income tax effect of non-GAAP adjustments |
(0.05) |
|
(0.19) |
|
|
|
|
|
|
|
Diluted net income per share on a non-GAAP basis�nbsp; |
$0.25 to $0.27 |
|
$1.00 to $1.06 | |
|
| |||
|
| |||
|
�nbsp;The non-GAAP measures presented in the table above should not be considered a substitute for financial results and measures determined or calculated in accordance with GAAP. | |||
|
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| ||
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* Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. | |||
|
Cadence Design Systems, Inc. | ||||
|
As of July 27, 2015 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Net Income | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
October 3, 2015 |
|
January 2, 2016 |
|
($ in millions) |
Forecast |
|
Forecast | |
|
|
|
|
|
|
|
Net income on a GAAP basis |
$52 to $58 |
|
$195 to $214 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
16 |
|
64 |
|
|
Stock-based compensation expense |
24 |
|
93 |
|
|
Non-qualified deferred compensation expenses |
- |
|
1 |
|
|
Restructuring and other charges |
- |
|
4 |
|
|
Acquisition and integration-related costs |
1 |
|
8 |
|
|
Amortization of debt discount on convertible notes |
- |
|
7 |
|
|
Other income or expense related to investments and non-qualified deferred compensation plan assets* |
- |
|
(2) |
|
|
Income tax effect of non-GAAP adjustments |
(15) |
|
(59) |
|
|
|
|
|
|
|
Net income on a non-GAAP basis�nbsp; |
$78 to $84 |
|
$311 to $330 | |
|
| |||
|
| |||
|
�nbsp;The non-GAAP measures presented in the table above should not be considered a substitute for financial results and measures determined or calculated in accordance with GAAP. | |||
|
|
| ||
|
* Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. | |||
