|
Cadence Design Systems, Inc. | ||||
|
As of October 24, 2016 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
December 31, 2016 |
|
December 31, 2016 |
|
|
|
Forecast |
|
Forecast |
|
|
|
|
|
|
|
Diluted net income per share on a GAAP basis |
$0.18 to $0.20 |
|
$0.74 to $0.76 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
0.05 |
|
0.21 |
|
|
Stock-based compensation expense |
0.11 |
|
0.37 |
|
|
Non-qualified deferred compensation expenses |
- |
|
- |
|
|
Restructuring and other charges* |
0.04 |
|
0.09 |
|
|
Acquisition and integration-related costs |
- |
|
0.04 |
|
|
Other income or expense related to investments and non-qualified deferred compensation plan assets** |
- |
|
(0.01) |
|
|
Income tax effect of non-GAAP adjustments |
(0.06) |
|
(0.25) |
|
|
|
|
|
|
|
Diluted net income per share on a non-GAAP basis�nbsp; |
$0.32 to $0.34 |
|
$1.19 to $1.21 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cadence Design Systems, Inc. | ||||
|
As of October 24, 2016 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Net Income | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
December 31, 2016 |
|
December 31, 2016 |
|
($ in millions) |
Forecast |
|
Forecast | |
|
|
|
|
|
|
|
Net income on a GAAP basis |
$50 to $56 |
|
$214 to $220 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
14 |
|
60 |
|
|
Stock-based compensation expense |
29 |
|
109 |
|
|
Non-qualified deferred compensation expenses |
- |
|
1 |
|
|
Restructuring and other charges* |
12 |
|
27 |
|
|
Acquisition and integration-related costs |
1 |
|
11 |
|
|
Other income or expense related to investments and non-qualified deferred compensation plan assets** |
- |
|
(4) |
|
|
Income tax effect of non-GAAP adjustments |
(17) |
|
(73) |
|
|
|
|
|
|
|
Net income on a non-GAAP basis�nbsp; |
$89 to $95 |
|
$345 to $351 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
�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 expected costs related to a voluntary retirement program being offered in the fourth quarter of 2016. | |||
|
|
| |||
|
** |
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. | |||
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|
| |||
