Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures | ||||||||||||
(In thousands, except per share data) | ||||||||||||
| ||||||||||||
Non-GAAP Income
|
| Three Months Ended September 28, 2019 | ||||||||||
|
| GAAP Measure |
| GAAP Percent of
|
| Stock Compensation
|
| Intangible
|
| Non-GAAP Measure |
| Non-GAAP Percent of
|
Revenues |
| $223,294 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
Gross profit |
| 134,090 |
| 60.1% |
| $ 344 |
| $ -- |
| $134,434 |
| 60.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
| 62,552 |
| 28.0% |
| 6,474 |
| 6,946 |
| 49,132 |
| 22.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
| 47,718 |
| 21.4% |
| 6,970 |
| 2,469 |
| 38,279 |
| 17.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income |
| 23,820 |
| 10.7% |
| 13,788 |
| 9,415 |
| 47,023 |
| 21.1% |
|
|
|
|
|
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Non-GAAP Earnings Per Share |
| Three Months Ended September 28, 2019 | ||||||||||
|
| GAAP Measure |
| Stock Compensation
|
| Intangible
|
| Non-cash
|
| Income Tax
|
| Non-GAAP Measure |
Net income |
| $20,181 |
| $13,788 |
| $9,415 |
| $2,930 |
| $(3,627) |
| $42,687 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted shares outstanding |
| 44,634 |
|
|
|
|
|
|
|
|
| 44,634 |
|
|
|
|
|
|
|
|
|
|
|
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|
Diluted earnings per share |
| $ 0.45 |
|
|
|
|
|
|
|
|
| $ 0.96 |
|
* Represents pre-tax amounts |