CIMATRON LIMITED |
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RECONCILIATION BETWEEN GAAP AND NON-GAAP INFORMATION |
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(US Dollars in thousands, except for per share data) |
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
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2013 |
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2012 |
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2013 |
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2012 |
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GAAP |
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Adj. |
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NON-GAAP |
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GAAP |
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Adj. |
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NON-GAAP |
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GAAP |
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Adj. |
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NON-GAAP |
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GAAP |
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Adj. |
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NON-GAAP |
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Total revenue |
11,039 |
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- |
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11,039 |
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10,608 |
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- |
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10,608 |
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21,197 |
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- |
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21,197 |
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20,494 |
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- |
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20,494 |
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Total cost of revenue |
1,391 |
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1,244 |
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934 |
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1,206 |
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2,717 |
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2,423 |
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2,352 |
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2,477 |
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Non-cash amortization of acquired intangible assets |
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(147) |
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(147) |
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(294) |
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(294) |
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One-time income from OCS agreement |
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419 |
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419 |
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Gross profit |
9,648 |
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147 |
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9,795 |
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9,674 |
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(272) |
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9,402 |
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18,480 |
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294 |
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18,774 |
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18,142 |
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(125) |
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18,017 |
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Research and development expenses |
1,758 |
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- |
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1,758 |
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1,629 |
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- |
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1,629 |
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3,486 |
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- |
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3,486 |
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3,322 |
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- |
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3,322 |
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Selling, general and administrative expenses (1) |
6,477 |
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(32) |
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6,445 |
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6,215 |
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(98) |
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6,117 |
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12,803 |
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(85) |
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12,718 |
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12,101 |
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(197) |
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11,904 |
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Operating income |
1,413 |
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179 |
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1,592 |
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1,830 |
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(174) |
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1,656 |
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2,191 |
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379 |
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2,570 |
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2,719 |
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72 |
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2,791 |
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Financial expenses, net |
(40) |
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- |
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(40) |
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(205) |
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- |
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(205) |
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(24) |
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- |
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(24) |
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(92) |
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- |
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(92) |
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Taxes on income (2) |
(377) |
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- |
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(377) |
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(626) |
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209 |
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(417) |
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(569) |
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(91) |
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(660) |
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(800) |
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118 |
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(682) |
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Other |
3 |
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- |
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3 |
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(4) |
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- |
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(4) |
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5 |
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- |
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5 |
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11 |
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- |
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11 |
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Net income |
999 |
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179 |
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1,178 |
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995 |
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35 |
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1,030 |
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1,603 |
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288 |
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1,891 |
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1,838 |
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190 |
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2,028 |
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Less: Net (income) loss attributable to the noncontrolling interest |
3 |
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- |
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3 |
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3 |
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- |
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3 |
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3 |
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- |
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3 |
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(9) |
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- |
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(9) |
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Net income attributable to Cimatron's shareholders |
$ 1,002 |
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$ 179 |
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$ 1,181 |
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$ 998 |
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$ 35 |
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$ 1,033 |
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$ 1,606 |
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$ 288 |
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$ 1,894 |
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$ 1,829 |
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$ 190 |
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$ 2,019 |
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Net income per share - basic and diluted |
$ 0.11 |
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$ 0.13 |
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$ 0.11 |
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$ 0.11 |
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$ 0.17 |
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$ 0.20 |
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$ 0.20 |
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$ 0.22 |
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Weighted average number of shares outstanding |
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Basic EPS (in thousands) |
9,362 |
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9,362 |
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9,309 |
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9,309 |
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9,355 |
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9,355 |
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9,305 |
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9,305 |
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Diluted EPS (in thousands) |
9,362 |
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9,362 |
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9,329 |
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9,329 |
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9,360 |
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9,360 |
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9,323 |
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9,323 |
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(1) Non-GAAP adjustment to exclude non-cash amortization of acquired intangible assets. |
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(2) Non-GAAP adjustment to exclude the effect of deferred taxes and other tax provisions. |
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