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 First Quarter Fiscal Year 2015 Targets | |||
|
(in thousands, except per share amounts) | |||
|
|
|
|
|
|
|
Range for Three Months | ||
|
|
Ending January 31, 2015 | ||
|
|
Low |
|
High |
|
Target GAAP expenses |
$ 482,000 |
|
$ 505,000 |
|
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
(32,000) |
|
(36,000) |
|
Estimated impact of stock compensation |
(20,000) |
|
(25,000) |
|
Estimated impact of restructuring expenses |
(15,000) |
|
(19,000) |
|
Target non-GAAP expenses |
$ 415,000 |
|
$ 425,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Range for Three Months | ||
|
|
Ending January 31, 2015 | ||
|
|
Low |
|
High |
|
Target GAAP earnings per share |
$ 0.18 |
|
$ 0.25 |
|
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
0.23 |
|
0.20 |
|
Estimated impact of stock compensation |
0.16 |
|
0.13 |
|
Estimated impact of restructuring expenses |
0.12 |
|
0.10 |
|
Net non-GAAP tax adjustments |
(0.08) |
|
(0.05) |
|
Target non-GAAP earnings per share |
$ 0.61 |
|
$ 0.63 |
|
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
157,000 |
|
157,000 |
|
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2015 Targets | |||
|
|
|
|
|
|
|
Range for Fiscal Year | ||
|
|
Ending October 31, 2015 | ||
|
|
Low |
|
High |
|
Target GAAP earnings per share |
$ 1.22 |
|
$ 1.35 |
|
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
0.85 |
|
0.80 |
|
Estimated impact of stock compensation |
0.60 |
|
0.55 |
|
Estimated impact of restructuring expenses |
0.12 |
|
0.10 |
|
Net non-GAAP tax adjustments |
(0.12) |
|
(0.08) |
|
Target non-GAAP earnings per share |
$ 2.67 |
|
$ 2.72 |
|
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
157,000 |
|
157,000 |
