Business Outlook
The following table provides a reconciliation of projected Non-GAAP net income to projected net income (loss), the most comparable GAAP financial measure:
| (Unaudited) | |||||||||||||||
|
Three Months Ending
December 31, 2023 |
Year Ending
December 31, 2023 | ||||||||||||||
| (in thousands) | Low | High | Low | High | |||||||||||
| Net income (loss) | $ | 15,500 | $ | 21,300 | $ | (12,600 | ) | $ | (6,800 | ) | |||||
| Stock-based compensation expense | 17,100 | 17,100 | 83,500 | 83,500 | |||||||||||
| Amortization of intangible assets | 7,400 | 7,400 | 30,500 | 30,500 | |||||||||||
| Non-cash interest expense | 500 | 500 | 1,900 | 1,900 | |||||||||||
| Impact of non-GAAP tax rate(1) | (6,900 | ) | (8,300 | ) | (15,900 | ) | (17,200 | ) | |||||||
| Special adjustments and other(2) | — | — | 4,200 | 4,200 | |||||||||||
| Non-GAAP net income | $ | 33,600 | $ | 38,000 | $ | 91,600 | $ | 96,100 | |||||||
