Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2019
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RECONCILIATION OF INCOME BEFORE INCOME TAXES TO NON-GAAP INCOME BEFORE INCOME TAXES
(Unaudited, in thousands)
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Three Months Ended June 30, | | |
Six Months Ended June 30, | |
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2019 | | |
2018 | | |
2019 | | |
2018 | |
| Total income before income taxes | | $ | 22,348 | | | $ | 27,114 | | | $ | 47,405 | | | $ | 49,591 | |
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| Adjustments to reconcile income before income taxes to non-GAAP income before income taxes: | | | | | | | | | | | | | | | | |
| Stock-based compensation expense | | | 22,709 | | | | 15,892 | | | | 38,719 | | | | 30,921 | |
| Amortization of acquisition-related intangible assets | | | 51 | | | | 197 | | | | 102 | | | | 447 | |
| Deferred compensation plan expense (income) | | | 151 | | | | (9 | ) | | | 15 | | | | 40 | |
| Non-GAAP income before income taxes | | $ | 45,259 | | | $ | 43,194 | | | $ | 86,241 | | | $ | 80,999 | |
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