Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures | |||||||||||||||||||||||||
(In thousands, except per share data) | |||||||||||||||||||||||||
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Non-GAAP Income
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Three Months Ended September 30, 2017 | |||||||||||||||||||||||
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GAAP Measure |
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GAAP Percent of
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Stock Compensation
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Intangible
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Acquisition
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Non-GAAP Measure |
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Non-GAAP Percent of
| |||||||||||
Revenues |
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$198,723 |
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Gross margin |
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116,574 |
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58.7% |
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$ 281 |
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$ -- |
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$ -- |
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$116,855 |
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58.8% | |||||||||||
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Research and development |
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52,000 |
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26.2% |
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5,411 |
|
5,187 |
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-- |
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41,402 |
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20.8% | |||||||||||
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Selling, general and administrative |
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39,606 |
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19.9% |
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5,663 |
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1,647 |
|
161 |
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32,135 |
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16.2% | |||||||||||
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Operating income |
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24,968 |
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12.6% |
|
11,355 |
|
6,834 |
|
161 |
|
43,318 |
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21.8% | |||||||||||
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Non-GAAP
|
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Three Months Ended September 30, 2017 | |||||||||||||||||||||||
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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 Measure | |||||||||||
Net income |
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$19,949 |
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$11,355 |
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$6,834 |
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$161 |
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$2,674 |
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$(1,796) |
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$39,177 | |||||||||||
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Diluted shares outstanding |
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43,374 |
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43,374 | |||||||||||
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Diluted earnings per share |
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$ 0.46 |
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$ 0.90 | |||||||||||
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* Represents pre-tax amounts |