Rambus Inc. Supplemental Reconciliation of GAAP to Non-GAAP Results (In thousands) (Unaudited) | |||||||
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| Three Months Ended March 31, | ||||||
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| 2021 |
| 2020 | ||||
Cost of product revenue | $ | 11,410 |
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| $ | 10,343 |
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Adjustment: |
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Stock-based compensation expense | (89) |
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| — |
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Non-GAAP cost of product revenue | $ | 11,321 |
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| $ | 10,343 |
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Total operating expenses | $ | 56,513 |
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| $ | 59,354 |
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Adjustments: |
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Stock-based compensation expense | (6,501) |
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| (6,072) |
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Acquisition-related costs and retention bonus expense | (655) |
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| (1,577) |
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Amortization of acquired intangible assets | (229) |
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| (348) |
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Restructuring charges | (368) |
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| (836) |
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Expense on abandoned operating leases | (521) |
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| — |
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Restatement and shareholder activist costs | (2,956) |
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| — |
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Facility restoration costs | — |
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| (411) |
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Change in fair value of earn-out liability | — |
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| 1,800 |
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Non-GAAP total operating expenses | $ | 45,283 |
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| $ | 51,910 |
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Interest and other income (expense), net | $ | 367 |
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| $ | 3,888 |
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Adjustments: |
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Interest income related to significant financing component from fixed-fee patent and technology licensing arrangements | (2,842) |
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| (4,437) |
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Non-cash interest expense on convertible notes | 1,874 |
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| 1,773 |
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Non-GAAP interest and other income (expense), net | $ | (601) |
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| $ | 1,224 |
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Rambus Inc. Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates (In millions) (Unaudited) | |||||||
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2021 Second Quarter Outlook | Three Months Ended June 30, 2021 | ||||||
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| Low |
| High | ||||
| Forward-looking operating costs and expenses | $ | 73.7 |
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| $ | 69.7 |
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| Adjustments: |
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| Stock-based compensation expense | (8.0) |
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| (8.0) |
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| Amortization of acquired intangible assets
| (4.7) |
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| (4.7) |
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| Forward-looking Non-GAAP operating costs and expenses | $ | 61.0 |
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| $ | 57.0 |
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| Forward-looking interest and other income (expense), net | $ | (0.5) |
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| $ | (0.5) |
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| Adjustments: |
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| Interest income related to significant financing component from fixed-fee patent and technology licensing arrangements | (2.4) |
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| (2.4) |
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| Non-cash interest expense on convertible notes | 1.9 |
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| 1.9 |
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| Forward-looking Non-GAAP interest and other income (expense), net | $ | (1.0) |
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| $ | (1.0) |
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