| 2022 FIRST QUARTER OUTLOOK | ||||||||
| RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN | ||||||||
| (Unaudited) | ||||||||
| Three Months Ending | ||||||||
| March 31, 2022 | ||||||||
| Low | High | |||||||
| Gross margin | 57.4 | % | 58.0 | % | ||||
| Adjustment to reconcile gross margin to non-GAAP gross margin: | ||||||||
| Stock-based compensation expense | 0.3 | % | 0.3 | % | ||||
| Non-GAAP gross margin | 57.7 | % | 58.3 | % | ||||
| RECONCILIATION OF R&D AND SG&A EXPENSES TO NON-GAAP R&D AND SG&A EXPENSES | ||||||||
| (Unaudited, in thousands) | ||||||||
| Three Months Ending | ||||||||
| March 31, 2022 | ||||||||
| Low | High | |||||||
| R&D and SG&A expense | $ | 119,200 | $ | 123,200 | ||||
| Adjustments to reconcile R&D and SG&A expense to non-GAAP R&D and SG&A expense: | ||||||||
| Stock-based compensation expense | (35,800 | ) | (37,800 | ) | ||||
| Non-GAAP R&D and SG&A expense | $ | 83,400 | $ | 85,400 | ||||
