Unaudited Reconciliations of GAAP to Non-GAAP Measures
Three Months Ended March 31, 2022 and 2021
Quarter Ended March 31, (1) | ||||||||||||||
(in millions, except per share data) | 2022 | 2022 | ||||||||||||
GAAP |
Amortization,
stock-based compensation & other |
Legal,
acquisition and divestiture- related |
Cost
optimization plan | Non-GAAP | ||||||||||
Revenue | $ | 133.0 | $ | — | $ | — | $ | — | $ | 133.0 | ||||
Gross Profit | 53.8 | 0.1 | — | — | 53.9 | |||||||||
Gross Profit Margin | 40.4 | % | 40.6 | % | ||||||||||
Operating expenses | 77.0 | $ | (15.2 | ) | (4.0 | ) | — | 57.8 | ||||||
Operating income (loss) | (23.2 | ) | 15.3 | 4.0 | — | (3.9 | ) | |||||||
Interest and other income (expense), net | (2.3 | ) | — | 0.3 | — | (2.0 | ) | |||||||
Net income (loss) | $ | (26.8 | ) | $ | 15.3 | $ | 4.3 | $ | — | $ | (7.2 | ) | ||
Net income (loss) EPS - basic | $ | (0.21 | ) | $ | 0.12 | $ | 0.03 | $ | — | $ | (0.06 | ) | ||
Net income (loss) EPS - diluted | $ | (0.21 | ) | $ | 0.12 | $ | 0.03 | $ | — | $ | (0.06 | ) | ||
Weighted Average Shares - basic | 126.7 | 126.7 | ||||||||||||
Weighted Average Shares - diluted | 126.7 | 126.7 |