Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2020
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RECONCILIATION OF INCOME BEFORE INCOME TAXES TO NON-GAAP INCOME BEFORE INCOME TAXES |
| (Unaudited, in thousands) |
| |
| | |
Three Months Ended
September 30, | | |
Nine Months Ended
September 30, | |
| | |
2020 | | |
2019 | | |
2020 | | |
2019 | |
| Total income before income taxes | | $ | 62,473 | | | $ | 32,289 | | | $ | 124,900 | | | $ | 79,695 | |
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| Adjustments to reconcile income before income taxes to non-GAAP income before income taxes: | | | | | | | | | | | | | | | | |
| Stock-based compensation expense | | | 22,975 | | | | 21,300 | | | | 62,581 | | | | 60,019 | |
| Amortization of acquisition-related intangible assets | | | - | | | | 8 | | | | - | | | | 110 | |
| Deferred compensation plan expense (income) | | | 347 | | | | (61 | ) | | | 901 | | | | (46 | ) |
| Non-GAAP income before income taxes | | $ | 85,795 | | | $ | 53,536 | | | $ | 188,382 | | | $ | 139,778 | |
