|
|
Amortization
|
Stock-based compensation expense |
|
Non-qualified
|
|
Acquisition
|
|
Special charges (E) |
|
Total adjustments |
|
Cost of product and maintenance |
$ 8,613 |
$ 485 |
|
$ 5 |
|
$ - |
|
$ 401 |
|
$ 9,504 |
|
Cost of services |
- |
709 |
|
8 |
|
- |
|
667 |
|
1,384 |
|
Marketing and sales |
- |
4,560 |
|
20 |
|
499 |
|
1,913 |
|
6,992 |
|
Research and development |
- |
9,701 |
|
642 |
|
4,980 |
|
5,854 |
|
21,177 |
|
General and administrative |
- |
3,622 |
|
372 |
|
3,308 |
|
1,522 |
|
8,824 |
|
Amortization of acquired intangibles |
5,579 |
- |
|
- |
|
- |
|
- |
|
5,579 |
|
Total |
$ 14,192 |
$ 19,077 |
|
$ 1,047 |
|
$ 8,787 |
|
$ 10,357 |
|
$ 53,460 |
|
|
|
(B) Amortization of debt discount related to convertible notes |
|
(C) Other income or expense related to investments and non-qualified deferred compensation plan assets |
|
(D) Income tax effect of non-GAAP adjustments |
|
(E) Comprised of costs related to a voluntary retirement program |
|
Cadence Design Systems, Inc. | ||||||||
|
Supplemental Reconciliation of Certain GAAP to Non-GAAP Measures | ||||||||
|
For the Three Months Ended June 29, 2013 | ||||||||
|
(In thousands) | ||||||||
|
(Unaudited) | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended | ||||
|
|
|
|
|
June 29, 2013 | ||||
|
|
|
|
|
GAAP |
|
Adjustments |
|
Non-GAAP |
|
|
|
|
|
|
|
|
|
|
|
Revenue: |
|
|
|
|
|
| ||
|
|
Product and maintenance |
$ 337,983 |
|
$ - |
|
$ 337,983 | ||
|
|
Services |
24,498 |
|
- |
|
24,498 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
362,481 |
|
- |
|
362,481 | |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
| |||
|
|
Cost of product and maintenance |
28,095 |
|
(6,095) |
(F) |
22,000 | ||
|
|
Cost of services |
15,148 |
|
(483) |
(F) |
14,665 | ||
|
|
Marketing and sales |
95,277 |
|
(3,868) |
(F) |
91,409 | ||
|
|
Research and development |
136,395 |
|
(13,096) |
(F) |
123,299 | ||
|
|
General and administrative |
34,441 |
|
(9,121) |
(F) |
25,320 | ||
|
|
Amortization of acquired intangibles |
5,327 |
|
(5,327) |
(F) |
- | ||
|
|
Restructuring and other charges |
2,656 |
|
(2,656) |
|
- | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
Total costs and expenses |
317,339 |
|
(40,646) |
|
276,693 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from operations |
45,142 |
|
40,646 |
|
85,788 |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
(9,528) |
|
5,571 |
(G) |
(3,957) | ||
|
|
Other income, net |
2,018 |
|
(1,193) |
(H) |
825 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before provision for income taxes |
37,632 |
|
45,024 |
|
82,656 |
|
|
|
|
|
|
|
|
|
|
|
|
Provision for income taxes |
28,203 |
|
(6,712) |
(I) |
21,491 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
$ 9,429 |
|
$ 51,736 |
|
$ 61,165 |
|
|
|
|
|
|
|
|
|
|
|
Notes: |
|
(F) For the three months ended June 29, 2013 adjustments to GAAP are as follows for the line items specified: |
