InterDigital Announces Financial Results for First Quarter 2023

(a) Other items in the above table includes a $5.7 million one-time charge for a net litigation fee reimbursement and a $2.5 million one-time impairment on our patents held for sale during the three months ended March 31, 2023 and $0.5 million of restructuring costs during the three months ended March 31, 2022.

The table below presents a reconciliation of Non-GAAP net income to net income attributable to InterDigital, Inc., the most directly comparable GAAP financial measure (in thousands):

  For the Three Months
Ended March 31,
  Q2 Outlook
   2023    2022   2023
Net income attributable to InterDigital, Inc.$105,259  $17,994  $16,400 - $19,100
Share-based compensation 7,790   5,386  9,000
Acquisition related amortization 10,268   10,086  10,300
Other operating items (a)  8,237   542  
Other non-operating items (b) (158)    
Related income tax and noncontrolling interest effect of above items (6,739)  (3,363) (3,300)
Adjustments to income taxes (1,042)   162    
Non-GAAP net income 3 $ 123,615     $ 30,807     $32,400 - $35,100
Non-GAAP net income per diluted share 3 $ 4.21     $ 0.99     $1.19 - $1.29
                   

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