Reconciliation of Target Non-GAAP Operating Results
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 2013 Targets | |||
(in thousands, except per share amounts) | |||
|
|
|
|
|
Range for Three Months | ||
|
Ending April 30, 2013 (1) | ||
|
Low |
|
High |
Target GAAP expenses |
$ 409,000 |
|
$ 425,000 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
(31,000) |
|
(34,000) |
Estimated impact of stock compensation |
(16,000) |
|
(19,000) |
Target non-GAAP expenses |
$ 362,000 |
|
$ 372,000 |
|
|
|
|
|
|
|
|
|
Range for Three Months | ||
|
Ending April 30, 2013 (1) | ||
|
Low |
|
High |
Target GAAP earnings per share |
$ 0.38 |
|
$ 0.44 |
Adjustments: |
|
|
|
Estimated impact of amortization of intangible assets |
0.22 |
|
0.20 |
Estimated impact of stock compensation |
0.12 |
|
0.10 |
Net non-GAAP tax adjustments |
(0.09) |
|
(0.09) |
Target non-GAAP earnings per share |
$ 0.63 |
|
$ 0.65 |
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
156,000 |
|
156,000 |