Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures | ||||||||||||||
(In thousands, except per share data) | ||||||||||||||
|
| ||||||||||||||
Non-GAAP Income
|
| Three Months Ended December 29, 2018 |
|
| ||||||||||
|
|
| GAAP Measure |
| GAAP
|
| Stock
|
| Intangible Asset
|
| Non-GAAP
|
| Non-GAAP
|
|
|
Revenues |
| $215,534 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 130,243 |
| 60.4% |
| $ 323 |
| $ -- |
| $130,566 |
| 60.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
| 62,933 |
| 29.2% |
| 6,413 |
| 7,760 |
| 48,760 |
| 22.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
| 48,948 |
| 22.7% |
| 6,447 |
| 3,020 |
| 39,481 |
| 18.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income |
| 18,362 |
| 8.5% |
| 13,183 |
| 10,780 |
| 42,325 |
| 19.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP
|
| Three Months Ended December 29, 2018 | ||||||||||||
|
|
| GAAP
|
| Stock
|
| Intangible
|
| Termination Costs
|
| Non-cash
|
| Income Tax
|
| Non-GAAP
|
| Net income |
| $15,145 |
| $13,183 |
| $10,780 |
| $2,785 |
| $2,880 |
| $(4,777) |
| $39,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted shares outstanding |
| 43,774 |
|
|
|
|
|
|
|
|
|
|
| 43,774 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per share |
| $ 0.35 |
|
|
|
|
|
|
|
|
|
|
| $ 0.91 |
|
|
| * Represents pre-tax amounts |
