Our earnings release contains forward looking estimates of non-GAAP
gross margin and loss per share for the second quarter of 2014. We
provide these non-GAAP measures on a prospective basis for the same
reasons that we provide them to investors on a historical basis. The
following table provides a reconciliation of GAAP gross margin and loss
per share to non-GAAP gross margin and earnings per share anticipated
for the second quarter of 2014 based on the mid-point of guidance.
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|
|
|
|
|
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|
Forward Looking Q2 GAAP Gross Margin
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|
|
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36.0
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%
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|
|
Adjustment for stock based compensation charges
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|
|
|
1.0
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%
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|
|
Adjustment for charges associated with acquisitions
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|
|
|
0.5
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%
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|
Forward Looking Q2 non-GAAP Gross Margin
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|
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37.5
|
%
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|
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Forward Looking Q2 GAAP Net Earnings per Share
|
|
|
|
$
|
0.01
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|
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Adjustment for stock based compensation charges
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|
|
|
0.05
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|
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Adjustment for non-cash tax benefit
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|
|
|
(0.01
|
)
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|
Adjustment for charges associated with acquisitions
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|
|
|
0.02
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Forward Looking Q2 non-GAAP Net Earnings per Share
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|
|
|
$
|
0.07
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|
