|
Cadence Design Systems, Inc. | ||||
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As of July 21, 2014 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share | ||||
|
(Unaudited) | ||||
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|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
September 27, 2014 |
|
January 3, 2015 |
|
|
|
Forecast |
|
Forecast |
|
|
|
|
|
|
|
Diluted net income per share on a GAAP basis |
$0.13 to $0.15 |
|
$0.48 to $0.56 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
0.05 |
|
0.20 |
|
|
Stock-based compensation expense |
0.07 |
|
0.27 |
|
|
Non-qualified deferred compensation expenses |
- |
|
0.01 |
|
|
Acquisition and integration-related costs |
0.02 |
|
0.08 |
|
|
Special charges* |
- |
|
0.03 |
|
|
Amortization of debt discount |
0.01 |
|
0.06 |
|
|
Other income or expense related to investments and non-qualified |
|
|
|
|
|
deferred compensation plan assets** |
- |
|
(0.02) |
|
|
Income tax effect of non-GAAP adjustments |
(0.05) |
|
(0.21) |
|
|
|
|
|
|
|
Diluted net income per share on a non-GAAP basis |
$0.23 to $0.25 |
|
$0.90 to $0.98 | |
|
|
|
|
|
|
|
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* Comprised of costs related to a voluntary retirement program |
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** Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. |
|
Cadence Design Systems, Inc. | ||||
|
As of July 21, 2014 | ||||
|
Impact of Non-GAAP Adjustments on Forward Looking Net Income | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
Three Months Ending |
|
Year Ending |
|
|
|
September 27, 2014 |
|
January 3, 2015 |
|
($ in millions) |
Forecast |
|
Forecast | |
|
|
|
|
|
|
|
Net income on a GAAP basis |
$41 to $47 |
|
$147 to $172 | |
|
|
|
|
|
|
|
|
Amortization of acquired intangibles |
16 |
|
60 |
|
|
Stock-based compensation expense |
21 |
|
83 |
|
|
Non-qualified deferred compensation expenses |
- |
|
3 |
|
|
Acquisition and integration-related costs |
5 |
|
25 |
|
|
Special charges* |
- |
|
10 |
|
|
Amortization of debt discount |
4 |
|
18 |
|
|
Other income or expense related to investments and non-qualified |
|
|
|
|
|
deferred compensation plan assets** |
- |
|
(5) |
|
|
Income tax effect of non-GAAP adjustments |
(16) |
|
(66) |
|
|
|
|
|
|
|
Net income on a non-GAAP basis |
$71 to $77 |
|
$275 to $300 | |
|
|
|
|
|
|
|
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* Comprised of costs related to a voluntary retirement program |
|
|
|
|
|
** 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. |
