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Cadence Design Systems, Inc. | ||||
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As of April 27, 2015 | ||||
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Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share | ||||
|
(Unaudited) | ||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ending |
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Year Ending |
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|
|
July 4, 2015 |
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January 2, 2016 |
|
|
|
Forecast |
|
Forecast |
|
|
|
|
|
|
|
Diluted net income per share on a GAAP basis |
$0.14 to $0.16 |
|
$0.60 to $0.70 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
0.05 |
|
0.20 |
|
|
Stock-based compensation expense |
0.07 |
|
0.30 |
|
|
Non-qualified deferred compensation expenses |
- |
|
- |
|
|
Restructuring and other charges |
- |
|
0.01 |
|
|
Acquisition and integration-related costs |
0.01 |
|
0.03 |
|
|
Amortization of debt discount on convertible notes |
0.01 |
|
0.02 |
|
|
Other income or expense related to investments and non-qualified |
|
|
|
|
|
deferred compensation plan assets* |
- |
|
- |
|
|
Income tax effect of non-GAAP adjustments |
(0.05) |
|
(0.20) |
|
|
|
|
|
|
|
Diluted net income per share on a non-GAAP basis |
$0.23 to $0.25 |
|
$0.96 to $1.06 | |
|
| ||||
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* Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. | ||||||||||||||||||||
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|
|
Cadence Design Systems, Inc. | ||||
|
As of April 27, 2015 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Net Income | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
July 4, 2015 |
|
January 2, 2016 |
|
($ in millions) |
Forecast |
|
Forecast | |
|
|
|
|
|
|
|
Net income on a GAAP basis |
$45 to $51 |
|
$186 to $218 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
16 |
|
64 |
|
|
Stock-based compensation expense |
23 |
|
95 |
|
|
Non-qualified deferred compensation expenses |
- |
|
1 |
|
|
Restructuring and other charges |
- |
|
4 |
|
|
Acquisition and integration-related costs |
2 |
|
8 |
|
|
Amortization of debt discount on convertible notes |
2 |
|
7 |
|
|
Other income or expense related to investments and non-qualified |
|
|
|
|
|
deferred compensation plan assets* |
- |
|
(1) |
|
|
Income tax effect of non-GAAP adjustments |
(15) |
|
(64) |
|
|
|
|
|
|
|
Net income on a non-GAAP basis |
$73 to $79 |
|
$300 to $332 | |
|
| ||||
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* Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. |
