The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets for the periods indicated below.
GAAP to Non-GAAP Reconciliation of Third Quarter Fiscal Year 2020 Targets (1) | ||||
(in thousands, except per share amounts) | ||||
|
|
|
| ||
|
|
| Range for Three Months | ||
|
|
| Ending July 31, 2020 | ||
|
|
| Low |
| High |
Target GAAP expenses |
| $ 721,000 |
| $ 737,000 |
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
| (23,000) |
| (26,000) |
Estimated impact of stock compensation |
| (58,000) |
| (61,000) |
Target non-GAAP expenses |
| $ 640,000 |
| $ 650,000 |
|
|
|
|
|
|
|
|
|
| ||
|
|
| Range for Three Months | ||
|
|
| Ending July 31, 2020 | ||
|
|
| Low |
| High |
Target GAAP earnings per share |
| $ 1.12 |
| $ 1.22 |
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
| 0.17 |
| 0.15 |
Estimated impact of stock compensation |
| 0.39 |
| 0.38 |
Estimated impact of tax adjustments |
| (0.35) |
| (0.37) |
Target non-GAAP earnings per share |
| $ 1.33 |
| $ 1.38 |
|
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
| 154,500 |
| 154,500 |
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2020 Targets(1) | ||||
(in thousands, except per share amounts) | ||||
|
|
|
| ||
|
|
| Range for Fiscal Year | ||
|
|
| October 31, 2020 | ||
|
|
| Low |
| High |
Target GAAP expenses |
| $ 2,990,968 |
| $ 3,030,968 |
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
| (89,000) |
| (94,000) |
Estimated impact of stock compensation |
| (226,000) |
| (231,000) |
Acquisition-related costs |
| (7,545) |
| (7,545) |
| Estimated impact of restructuring charges |
| (38,423) |
| (38,423) |
| Target non-GAAP expenses |
| $ 2,630,000 |
| $ 2,660,000 |
|
|
|
|
|
|
|
|
|
| ||
|
|
| Range for Fiscal Year | ||
|
|
| October 31, 2020 | ||
|
|
| Low |
| High |
| Target GAAP earnings per share |
| $ 3.74 |
| $ 3.90 |
| Adjustments: |
|
|
|
|
| Estimated impact of amortization of intangible assets |
| 0.61 |
| 0.58 |
| Estimated impact of stock compensation |
| 1.50 |
| 1.46 |
| Acquisition-related costs |
| 0.05 |
| 0.05 |
| Estimated impact of restructuring charges |
| 0.25 |
| 0.25 |
| Impact of tax adjustments |
| (0.94) |
| (0.96) |
| Target non-GAAP earnings per share |
| $ 5.21 |
| $ 5.28 |
|
|
|
|
|
|
| Shares used in non-GAAP calculation (midpoint of target range) |
| 154,500 |
| 154,500 |
