The following tables reconcile the specific items excluded from GAAP in the calculation of target non-GAAP operating results for the periods indicated below.
GAAP to Non-GAAP Reconciliation of Fourth Quarter Fiscal Year 2018 Targets | |||
(in thousands, except per share amounts) | |||
|
|
|
|
|
Range for Three Months | ||
|
Ending October 31, 2018 (1) | ||
|
Low |
|
High |
Target GAAP expenses |
$ 722,000 |
|
$ 738,000 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
(28,000) |
|
(31,000) |
Estimated impact of stock compensation |
(39,000) |
|
(42,000) |
Target non-GAAP expenses |
$ 655,000 |
|
$ 665,000 |
|
|
|
|
|
|
|
|
|
Range for Three Months | ||
|
Ending October 31, 2018 (1) | ||
|
Low |
|
High |
Target GAAP earnings per share |
$ 0.39 |
|
$ 0.47 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
0.20 |
|
0.18 |
Estimated impact of stock compensation |
0.27 |
|
0.25 |
Estimated impact of tax adjustments |
(0.10) |
|
(0.10) |
Target non-GAAP earnings per share |
$ 0.76 |
|
$ 0.80 |
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
154,500 |
|
154,500 |
|
|
|
|
|
|
|
|
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2018 Targets | |||
|
|
|
|
|
Range for Fiscal Year | ||
|
Ending October 31, 2018 (1) | ||
|
Low |
|
High |
Target GAAP earnings per share |
$ 1.55 |
|
$ 1.63 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
0.79 |
|
0.77 |
Estimated impact of stock compensation |
0.94 |
|
0.92 |
Acquisition-related costs |
0.13 |
|
0.13 |
Restructuring charges |
0.01 |
|
0.01 |
Legal matters |
0.17 |
|
0.17 |
Income tax related to transition tax |
0.48 |
|
0.48 |
Income tax related to tax rate change |
0.30 |
|
0.30 |
Estimated impact of tax adjustments |
(0.48) |
|
(0.48) |
Target non-GAAP earnings per share |
$ 3.89 |
|
$ 3.93 |
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
154,500 |
|
154,500 |
| |||
(1) Synopsys' fourth quarter and fiscal year end on November 3, 2018. For presentation purposes, we refer to the closest calendar month end. The first quarter of fiscal 2018 included an extra week. |