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 2018 Targets Including Black Duck Impact | |||
|
(in thousands, except per share amounts) | |||
|
|
|
|
|
|
|
Range for Three Months | ||
|
|
Ending January 31, 2018 (1)(2) | ||
|
|
Low |
|
High |
|
Target GAAP expenses |
$ 625,000 |
|
$ 641,000 |
|
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
(35,000) |
|
(38,000) |
|
Estimated impact of stock compensation |
(30,000) |
|
(33,000) |
|
Target non-GAAP expenses |
$ 560,000 |
|
$ 570,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Range for Three Months | ||
|
|
Ending January 31, 2018 (1)(2) | ||
|
|
Low |
|
High |
|
Target GAAP earnings per share |
$ 0.62 |
|
$ 0.70 |
|
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
0.25 |
|
0.23 |
|
Estimated impact of stock compensation |
0.21 |
|
0.19 |
|
Estimated impact of tax adjustments |
(0.10) |
|
(0.10) |
|
Target non-GAAP earnings per share |
$ 0.98 |
|
$ 1.02 |
|
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
154,500 |
|
154,500 |
|
|
|
|
|
|
|
|
|
|
|
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2018 Targets Including Black Duck Impact | |||
|
|
|
|
|
|
|
Range for Fiscal Year | ||
|
|
Ending October 31, 2018 (1)(2) | ||
|
|
Low |
|
High |
|
Target GAAP earnings per share |
$ 2.24 |
|
$ 2.38 |
|
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
0.89 |
|
0.86 |
|
Estimated impact of stock compensation |
0.87 |
|
0.83 |
|
Estimated impact of tax adjustments |
(0.54) |
|
(0.54) |
|
Target non-GAAP earnings per share |
$ 3.46 |
|
$ 3.53 |
|
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
154,500 |
|
154,500 |
|
|
|
|
|
|
| |||
|
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2018 Targets Excluding Black Duck Impact | |||
|
|
|
|
|
|
|
Range for Fiscal Year | ||
|
|
Ending October 31, 2018 (1) | ||
|
|
Low |
|
High |
|
Target GAAP earnings per share |
$ 2.68 |
|
$ 2.80 |
|
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
0.56 |
|
0.54 |
|
Estimated impact of stock compensation |
0.86 |
|
0.83 |
|
Estimated impact of tax adjustments |
(0.52) |
|
(0.52) |
|
Target non-GAAP earnings per share |
$ 3.58 |
|
$ 3.65 |
|
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
154,500 |
|
154,500 |
|
| |||
|
(1) Synopsys' first fiscal quarter has one extra week and will end on February 3, 2018. Fiscal year 2018 will end on November 3, 2018. For presentation purposes, we refer to the closest calendar month end. | |||
|
(2) The estimates of Black Duck impacts are preliminary and may vary once closed and once the purchase price allocation is completed. |
