|
Three Months Ended |
|
Six Months Ended |
||||||||||||||||||||||||||||
|
June 30, |
|
June 30, |
||||||||||||||||||||||||||||
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
||||||||||||||||||||
|
$ |
|
EPS(1) |
|
$ |
|
EPS(1) |
|
$ |
|
EPS(1) |
|
$ |
|
EPS(1) |
||||||||||||||||
Net income |
$ |
48,685 |
|
|
$ |
0.15 |
|
|
$ |
55,673 |
|
|
$ |
0.17 |
|
|
$ |
94,175 |
|
|
$ |
0.29 |
|
|
$ |
112,061 |
|
|
$ |
0.35 |
|
Non-GAAP adjustments, prior to income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Amortization of purchased intangibles |
|
12,625 |
|
|
|
0.04 |
|
|
|
13,671 |
|
|
|
0.04 |
|
|
|
26,360 |
|
|
|
0.08 |
|
|
|
26,599 |
|
|
|
0.08 |
|
| Stock-based compensation expense |
|
17,670 |
|
|
|
0.05 |
|
|
|
17,395 |
|
|
|
0.05 |
|
|
|
36,868 |
|
|
|
0.11 |
|
|
|
32,348 |
|
|
|
0.10 |
|
| Deferred compensation plan |
|
3,777 |
|
|
|
0.01 |
|
|
|
(12,159 |
) |
|
|
(0.04 |
) |
|
|
7,923 |
|
|
|
0.02 |
|
|
|
(17,297 |
) |
|
|
(0.05 |
) |
| Acquisition expenses |
|
3,521 |
|
|
|
0.01 |
|
|
|
3,856 |
|
|
|
0.01 |
|
|
|
12,298 |
|
|
|
0.04 |
|
|
|
17,853 |
|
|
|
0.05 |
|
| Realignment expenses (income) |
|
29 |
|
|
|
— |
|
|
|
3,194 |
|
|
|
0.01 |
|
|
|
(1,950 |
) |
|
|
(0.01 |
) |
|
|
3,194 |
|
|
|
0.01 |
|
| Other income, net |
|
(965 |
) |
|
|
— |
|
|
|
(3,514 |
) |
|
|
(0.01 |
) |
|
|
(1,254 |
) |
|
|
— |
|
|
|
(13,861 |
) |
|
|
(0.04 |
) |
| Total non-GAAP adjustments, prior to income taxes |
|
36,657 |
|
|
|
0.11 |
|
|
|
22,443 |
|
|
|
0.07 |
|
|
|
80,245 |
|
|
|
0.24 |
|
|
|
48,836 |
|
|
|
0.15 |
|
| Income tax effect of non-GAAP adjustments |
|
(6,608 |
) |
|
|
(0.02 |
) |
|
|
(4,913 |
) |
|
|
(0.01 |
) |
|
|
(13,997 |
) |
|
|
(0.04 |
) |
|
|
(8,490 |
) |
|
|
(0.03 |
) |
| Loss from investments accounted for using the equity method, net of tax |
|
— |
|
|
|
— |
|
|
|
593 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,165 |
|
|
|
— |
|
| Adjusted net income (2)(3) |
$ |
78,734 |
|
|
$ |
0.24 |
|
|
$ |
73,796 |
|
|
$ |
0.23 |
|
|
$ |
160,423 |
|
|
$ |
0.49 |
|
|
$ |
153,572 |
|
|
$ |
0.47 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
| Adjusted weighted average shares, diluted |
332,352,725 |
|
332,275,216 |
|
331,831,973 |
|
332,208,435 |
||||||||||||||||||||||||
| ________________________ | |
| (1) |
Adjusted EPS was computed independently for each reconciling item presented; therefore, the sum of Adjusted EPS for each line item may not equal total Adjusted EPS due to rounding. |
| (2) |
Total Adjusted EPS for the three and six months ended June 30, 2022 have been corrected to reflect the dilutive effect of convertible senior notes. |
| (3) |
Adjusted EPS numerator includes $1,723 and $1,705 for the three months ended June 30, 2023 and 2022, respectively, and $3,440 and $3,400 for the six months ended June 30, 2023 and 2022, respectively, related to interest expense, net of tax, attributable to the convertible senior notes using the if‑converted method. |
