|
Net Income Reconciliation |
|
Years Ended | ||||||
|
|
|
December 28, 2013 |
|
December 29, 2012 | ||||
|
|
|
(unaudited) | ||||||
|
(in thousands) |
|
|
|
| ||||
|
Net income on a GAAP basis |
|
$ |
164,243 |
|
|
$ |
439,948 |
|
|
Amortization and sale of acquired intangibles |
|
44,134 |
|
|
28,618 |
| ||
|
Stock-based compensation expense |
|
66,285 |
|
|
47,561 |
| ||
|
Non-qualified deferred compensation expenses |
|
3,293 |
|
|
4,453 |
| ||
|
Restructuring and other charges |
|
17,999 |
|
|
113 |
| ||
|
Shareholder litigation costs |
|
— |
|
|
46 |
| ||
|
Integration and acquisition-related costs |
|
31,972 |
|
|
9,278 |
| ||
|
Executive severance costs |
|
961 |
|
|
— |
| ||
|
Amortization of debt discount |
|
22,315 |
|
|
20,846 |
| ||
|
Other income or expense related to investments and non-qualified deferred compensation plan assets* |
|
(5,280) |
|
|
(6,296) |
| ||
|
Income tax benefit of valuation allowance release |
|
— |
|
|
(219,601) |
| ||
|
Income tax benefit of State of California settlement |
|
— |
|
|
(36,564) |
| ||
|
Income tax benefit due to a release of an uncertain tax position |
|
(33,719) |
|
|
— |
| ||
|
Acquisition-related income tax benefit |
|
— |
|
|
(14,806) |
| ||
|
Income tax effect of non-GAAP adjustments |
|
(60,104) |
|
|
(56,857) |
| ||
|
Net income on a non-GAAP basis |
|
$ |
252,099 |
|
|
$ |
216,739 |
|
|
|
|
|
* |
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 or expense. |
|
Diluted Net Income per Share Reconciliation |
|
Three Months Ended | ||||||
|
|
|
December 28, 2013 |
|
December 29, 2012 | ||||
|
|
|
(unaudited) | ||||||
|
(in thousands, except per share data) |
|
|
|
| ||||
|
Diluted net income per share on a GAAP basis |
|
$ |
0.13 |
|
|
$ |
1.10 |
|
|
Amortization of acquired intangibles |
|
0.04 |
|
|
0.03 |
| ||
|
Stock-based compensation expense |
|
0.06 |
|
|
0.05 |
| ||
|
Non-qualified deferred compensation expenses |
|
0.01 |
|
|
— |
| ||
|
Restructuring and other charges |
|
0.05 |
|
|
— |
| ||
|
Integration and acquisition-related costs |
|
0.03 |
|
|
0.01 |
| ||
|
Executive severance costs |
|
— |
|
|
— |
| ||
|
Amortization of debt discount |
|
0.02 |
|
|
0.02 |
| ||
|
Other income or expense related to investments and non-qualified deferred compensation plan assets* |
|
— |
|
|
(0.02) |
| ||
|
Income tax benefit of valuation allowance release |
|
— |
|
|
(0.77) |
| ||
|
Income tax benefit of State of California settlement |
|
— |
|
|
(0.13) |
| ||
|
Income tax effect of non-GAAP adjustments |
|
(0.11) |
|
|
(0.09) |
| ||
|
Diluted net income per share on a non-GAAP basis |
|
$ |
0.23 |
|
|
$ |
0.20 |
|
|
Shares used in calculation of diluted net income per share — GAAP** |
|
294,663 |
|
|
286,289 |
| ||
|
Shares used in calculation of diluted net income per share — non-GAAP** |
|
294,663 |
|
|
286,289 |
| ||
|
|
|
|
* |
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 or expense. |
|
|
|
|
** |
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. |
