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 Fourth Quarter Fiscal Year 2017 Targets | |||
|
(in thousands, except per share amounts) | |||
|
|
|
|
|
|
|
Range for Three Months | ||
|
|
Ending October 31, 2017 (1) | ||
|
|
Low |
|
High |
|
Target GAAP expenses |
$ 586,000 |
|
$ 602,000 |
|
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
(23,000) |
|
(26,000) |
|
Estimated impact of stock compensation |
(28,000) |
|
(31,000) |
|
Target non-GAAP expenses |
$ 535,000 |
|
$ 545,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Range for Three Months | ||
|
|
Ending October 31, 2017 (1) | ||
|
|
Low |
|
High |
|
Target GAAP earnings per share |
$ 0.26 |
|
$ 0.33 |
|
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
0.17 |
|
0.15 |
|
Estimated impact of stock compensation |
0.20 |
|
0.18 |
|
Estimated impact of tax adjustments |
(0.08) |
|
(0.08) |
|
Target non-GAAP earnings per share |
$ 0.55 |
|
$ 0.58 |
|
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
154,500 |
|
154,500 |
|
|
|
|
|
|
|
|
|
|
|
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2017 Targets | |||
|
|
|
|
|
|
|
Range for Fiscal Year | ||
|
|
Ending October 31, 2017 (1) | ||
|
|
Low |
|
High |
|
Target GAAP earnings per share |
$ 1.92 |
|
$ 1.99 |
|
Adjustments: |
|
|
|
|
Estimated impact of amortization of intangible assets |
0.71 |
|
0.69 |
|
Estimated impact of stock compensation |
0.72 |
|
0.70 |
|
Estimated impact of acquisition-related costs |
0.04 |
|
0.04 |
|
Estimated impact of restructuring |
0.20 |
|
0.20 |
|
Estimated impact of legal matters |
0.25 |
|
0.25 |
|
Estimated impact of tax adjustments |
(0.55) |
|
(0.55) |
|
Target non-GAAP earnings per share |
$ 3.29 |
|
$ 3.32 |
|
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
154,500 |
|
154,500 |
|
|
|
|
|
