The following tables reconcile the specific items excluded from GAAP in the calculation of target non-GAAP operating results for the periods indicated below.
GAAP to Non-GAAP Reconciliation of Second Quarter Fiscal Year 2012 Targets |
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(in thousands, except per share amounts) |
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Range for Three Months |
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Ending April 30, 2012 (1) |
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Low |
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High |
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Target GAAP expenses |
$ 332,000 |
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$ 348,000 |
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Adjustments: |
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Estimated impact of amortization of intangible assets |
(16,000) |
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(19,000) |
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Estimated impact of stock compensation |
(13,000) |
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(16,000) |
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Target non-GAAP expenses |
$ 303,000 |
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$ 313,000 |
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Range for Three Months |
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Ending April 30, 2012 |
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Low |
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High |
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Target GAAP earnings per share |
$ 0.37 |
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$ 0.43 |
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Adjustments: |
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Estimated impact of amortization of intangible assets |
0.13 |
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0.11 |
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Estimated impact of stock compensation |
0.11 |
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0.09 |
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Net non-GAAP tax adjustments |
(0.07) |
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(0.07) |
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Target non-GAAP earnings per share |
$ 0.54 |
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$ 0.56 |
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Shares used in non-GAAP calculation (midpoint of target range) |
148,000 |
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148,000 |
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GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2012 Targets |
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Range for Fiscal Year |
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Ending October 31, 2012 (1) |
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Low |
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High |
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Target GAAP earnings per share |
$ 1.33 |
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$ 1.48 |
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Adjustments: |
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Estimated impact of amortization of intangible assets |
0.45 |
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0.41 |
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Estimated impact of stock compensation |
0.44 |
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0.40 |
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Acquisition-related costs (2) |
0.01 |
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- |
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Facility restructuring charges |
0.00 |
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- |
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Net non-GAAP tax adjustments |
(0.26) |
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(0.26) |
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Target non-GAAP earnings per share |
$ 1.97 |
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$ 2.03 |
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Shares used in non-GAAP calculation (midpoint of target range) |
148,000 |
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148,000 |
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(1) Synopsys' fiscal 2012 is a 53 week year ending on November 3, 2012. For presentation purposes, the periods refer to a calendar month ending April 30 and October 31, 2012. |
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(2) Included changes to the fair value of contingent consideration related to a prior year acquisition. |
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