MENTOR GRAPHICS CORPORATION |
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UNAUDITED RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES |
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(In thousands, except percentages) | ||||||||
Three Months Ended April 30, | ||||||||
2013 | 2012 | |||||||
GAAP gross profit | $ | 186,334 | $ | 202,535 | ||||
Reconciling items to non-GAAP gross profit: | ||||||||
Equity plan-related compensation | 460 | 319 | ||||||
Amortization of purchased technology | 1,207 | 2,179 | ||||||
Non-GAAP gross profit | $ | 188,001 | $ | 205,033 | ||||
Three Months Ended April 30, | ||||||||
2013 | 2012 | |||||||
GAAP gross profit as a percent of total revenues | 82.3 | % | 81.7 | % | ||||
Non-GAAP adjustments detailed above | 0.7 | % | 1.0 | % | ||||
Non-GAAP gross profit as a percent of total revenues | 83.0 | % | 82.7 | % | ||||
Three Months Ended April 30, | ||||||||
2013 | 2012 | |||||||
GAAP operating expenses | $ | 180,441 | $ | 169,713 | ||||
Reconciling items to non-GAAP operating expenses: | ||||||||
Equity plan-related compensation | (6,106 | ) | (4,828 | ) | ||||
Amortization of Frontline purchased technology and other identified intangible assets |
(737 | ) | (1,242 | ) | ||||
Amortization of other identified intangible assets | (1,654 | ) | (1,706 | ) | ||||
Special charges | (2,083 | ) | (1,147 | ) | ||||
Non-GAAP operating expenses | $ | 169,861 | $ | 160,790 | ||||
Three Months Ended April 30, | ||||||||
2013 | 2012 | |||||||
GAAP operating income | $ | 5,893 | $ | 32,822 | ||||
Reconciling items to non-GAAP operating income: | ||||||||
Equity plan-related compensation | 6,566 | 5,147 | ||||||
Amortization of purchased technology | 1,207 | 2,179 | ||||||
Amortization of Frontline purchased technology and other identified intangible assets |
737 | 1,242 | ||||||
Amortization of other identified intangible assets | 1,654 | 1,706 | ||||||
Special Charges | 2,083 | 1,147 | ||||||
Non-GAAP operating income | $ | 18,140 | $ | 44,243 | ||||
Three Months Ended April 30, | ||||||||
2013 | 2012 | |||||||
GAAP operating income as a percent of total revenues | 2.6 | % | 13.2 | % | ||||
Non-GAAP adjustments detailed above | 5.4 | % | 4.6 | % | ||||
Non-GAAP operating income as a percent of total revenues | 8.0 | % | 17.8 | % | ||||
Three Months Ended April 30, | ||||||||
2013 | 2012 | |||||||
GAAP other income (expense), net and interest expense | $ | (5,744 | ) | $ | (4,511 | ) | ||
Reconciling items to non-GAAP other income (expense), net and interest expense: |
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Equity in earnings of unconsolidated entities | (51 | ) | (13 | ) | ||||
Amortization of original issuance debt discount | 1,391 | 1,295 | ||||||
Non-GAAP other income (expense), net and interest expense | $ | (4,404 | ) | $ | (3,229 | ) |