The following tables reconcile the specific items excluded from GAAP net income and GAAP net income per diluted share in the calculation of non-GAAP net income and non-GAAP net income per diluted share for the periods shown below:
Net Income Reconciliation Three Months Ended
--------------------------
March 31, April 2,
2012 2011
------------ ------------
(unaudited)
(in thousands)
Net income on a GAAP basis $ 31,104 $ 6,323
Amortization of acquired intangibles 6,685 6,655
Stock-based compensation expense 11,525 9,357
Non-qualified deferred compensation expenses 1,798 1,762
Restructuring and other charges (credits) (51) (41)
Shareholder litigation costs 46 68
Integration and acquisition-related costs 448 474
Amortization of debt discount 5,089 6,519
Other income or expense related to investments
and non-qualified deferred compensation plan
assets* (1,949) (4,391)
Income tax effect of non-GAAP adjustments (8,195) (3,468)
------------ ------------
Net income on a non-GAAP basis $ 46,500 $ 23,258
============ ============
* Includes, as applicable, equity in losses or income from investments,
write-down of investments, gains or losses on sale of investments and
gains or losses on non-qualified deferred compensation plan assets
recorded in Other income, net.
Diluted Net Income per Share Reconciliation Three Months Ended
--------------------------
March 31, April 2,
2012 2011
------------ ------------
(unaudited)
(in thousands, except per share data)
Diluted net income per share on a GAAP basis $ 0.11 $ 0.02
Amortization of acquired intangibles 0.03 0.03
Stock-based compensation expense 0.04 0.04
Non-qualified deferred compensation expenses 0.01 0.01
Restructuring and other charges (credits) - -
Shareholder litigation costs - -
Integration and acquisition-related costs - -
Amortization of debt discount 0.02 0.02
Other income or expense related to investments
and non-qualified deferred compensation plan
assets* (0.01) (0.02)
Income tax effect of non-GAAP adjustments (0.03) (0.01)
------------ ------------
Diluted net income per share on a non-GAAP basis $ 0.17 $ 0.09
============ ============
Shares used in calculation of diluted net income
per share -- GAAP** 277,733 268,578
Shares used in calculation of diluted net income
per share -- non-GAAP** 277,733 268,578
* Includes, as applicable, equity in losses or income from investments,
write-down of investments, gains or losses on sale of investments and
gains or losses on non-qualified deferred compensation plan assets
recorded in Other income, net.
** Shares used in the calculation of GAAP net income per share are expected
to be the same as shares used in the calculation of non-GAAP net income
per share, except when the company reports a GAAP net loss and non-GAAP
net income, or GAAP net income and a non-GAAP net loss.
