Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures
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Non-GAAP Income Statement Items |
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Three Months Ended
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GAAP
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GAAP
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Stock
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Intangible
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Acquisition
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Non-GAAP
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Non-GAAP
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Revenues |
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$190,098 |
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Gross margin |
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113,192 |
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59.5% |
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$ 264 |
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$ -- |
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$ -- |
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$113,456 |
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59.7% | ||||||||||||
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Research and development |
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52,432 |
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27.6% |
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5,503 |
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5,048 |
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-- |
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41,881 |
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22.1% | ||||||||||||
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Selling, general and administrative |
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39,826 |
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20.9% |
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5,399 |
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1,647 |
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234 |
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32,546 |
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17.1% | ||||||||||||
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Operating income |
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20,934 |
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11.0% |
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11,166 |
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6,695 |
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234 |
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39,029 |
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20.5% | ||||||||||||
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Non-GAAP Earnings Per Share |
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Three Months Ended
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GAAP Measure |
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Stock Compensation
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Intangible
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Acquisition
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Non-cash
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Income Tax
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Non-GAAP
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Net income |
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$16,569 |
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$11,166 |
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$6,695 |
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$234 |
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$2,640 |
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$(3,319) |
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$33,985 | ||||||||||||
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Diluted shares outstanding |
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43,178 |
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43,178 | ||||||||||||
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Diluted earnings per share |
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$ 0.38 |
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$ 0.79 |
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* Represents pre-tax amounts |