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 First Quarter Fiscal Year 2013 Targets | |||
(in thousands, except per share amounts) | |||
|
|
|
|
|
Range for Three Months | ||
|
Ending January 31, 2013 (1) | ||
|
Low |
|
High |
Target GAAP expenses |
$ 403,000 |
|
$ 419,000 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
(31,000) |
|
(34,000) |
Estimated impact of stock compensation |
(16,000) |
|
(19,000) |
Target non-GAAP expenses |
$ 356,000 |
|
$ 366,000 |
|
|
|
|
|
|
|
|
|
Range for Three Months | ||
|
Ending January 31, 2013 (1) | ||
|
Low |
|
High |
Target GAAP earnings per share |
$ 0.30 |
|
$ 0.35 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
0.22 |
|
0.20 |
Estimated impact of stock compensation |
0.12 |
|
0.10 |
Net non-GAAP tax adjustments |
(0.10) |
|
(0.09) |
Target non-GAAP earnings per share |
$ 0.54 |
|
$ 0.56 |
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
155,000 |
|
155,000 |
|
|
|
|
|
|
|
|
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2013 Targets | |||
|
|
|
|
|
Range for Fiscal Year | ||
|
Ending October 31, 2013 (1) | ||
|
Low |
|
High |
Target GAAP earnings per share |
$ 1.32 |
|
$ 1.46 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
0.83 |
|
0.78 |
Estimated impact of stock compensation |
0.48 |
|
0.43 |
Net non-GAAP tax adjustments |
(0.37) |
|
(0.36) |
Target non-GAAP earnings per share |
$ 2.26 |
|
$ 2.31 |
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
157,000 |
|
157,000 |