|
Net Income Reconciliation |
|
Years Ended | ||||||
|
|
|
January 2, 2016 |
|
January 3, 2015 | ||||
|
|
|
(unaudited) | ||||||
|
(in thousands) |
|
|
|
| ||||
|
Net income on a GAAP basis |
|
$ |
252,417 |
|
$ |
158,898 | ||
|
Amortization of acquired intangibles |
|
64,248 |
|
60,924 | ||||
|
Stock-based compensation expense |
|
92,341 |
|
83,792 | ||||
|
Non-qualified deferred compensation expenses (credits) |
|
(369) |
|
3,415 | ||||
|
Restructuring and other charges |
|
4,511 |
|
10,252 | ||||
|
Acquisition and integration-related costs |
|
7,975 |
|
24,620 | ||||
|
Special charges* |
|
916 |
|
10,816 | ||||
|
Amortization of debt discount on convertible notes |
|
7,496 |
|
17,602 | ||||
|
Other income or expense related to investments and non-qualified deferred compensation plan assets** |
|
(1,979) |
|
(4,629) | ||||
|
Income tax effect of non-GAAP adjustments |
|
(86,650) |
|
(78,723) | ||||
|
Net income on a non-GAAP basis |
|
$ |
340,906 |
|
$ |
286,967 | ||
|
|
|
|
* |
Comprised of costs related to a voluntary retirement program and executive severance costs. |
|
|
|
|
** |
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. |
|
Diluted Net Income per Share Reconciliation |
|
Three Months Ended | ||||||
|
|
|
January 2, 2016 |
|
January 3, 2015 | ||||
|
|
|
(unaudited) | ||||||
|
(in thousands, except per share data) |
|
|
|
| ||||
|
Diluted net income per share on a GAAP basis |
|
$ |
0.26 |
|
$ |
0.21 | ||
|
Amortization of acquired intangibles |
|
0.05 |
|
0.06 | ||||
|
Stock-based compensation expense |
|
0.08 |
|
0.07 | ||||
|
Non-qualified deferred compensation expenses |
|
— |
|
— | ||||
|
Restructuring and other charges (credits) |
|
— |
|
— | ||||
|
Acquisition and integration-related costs |
|
0.01 |
|
0.01 | ||||
|
Special charges* |
|
— |
|
— | ||||
|
Amortization of debt discount on convertible notes |
|
— |
|
0.01 | ||||
|
Other income or expense related to investments and non-qualified deferred compensation plan assets** |
|
— |
|
— | ||||
|
Income tax effect of non-GAAP adjustments |
|
(0.09) |
|
(0.09) | ||||
|
Diluted net income per share on a non-GAAP basis |
|
$ |
0.31 |
|
$ |
0.27 | ||
|
Shares used in calculation of diluted net income per share — GAAP*** |
|
310,512 |
|
310,273 | ||||
|
Shares used in calculation of diluted net income per share — non-GAAP*** |
|
310,512 |
|
310,273 | ||||
|
|
|
|
* |
Comprised of executive severance costs. |
|
|
|
|
** |
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. |
|
|
|
|
*** |
Shares used in the calculation of GAAP net income per share are expected to be the same as shares used in the calculation of non-GAAP net income per share, except when the company reports a GAAP net loss and non-GAAP net income, or GAAP net income and a non-GAAP net loss. |
