Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2021 and an Increase in Quarterly Cash Dividend
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RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES |
| (Unaudited, in thousands) |
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Three Months Ended December 31, | | |
Year Ended December 31, | |
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2021 | | |
2020 | | |
2021 | | |
2020 | |
| Total operating expenses | | $ | 115,302 | | | $ | 88,911 | | | $ | 423,042 | | | $ | 307,072 | |
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| Adjustments to reconcile total operating expenses to non-GAAP total operating expenses: | | | | | | | | | | | | | | | | |
| Stock-based compensation expense | | | (30,275 | ) | | | (22,284 | ) | | | (119,936 | ) | | | (82,959 | ) |
| Amortization of purchased intangible assets | | | (33 | ) | | | - | | | | (44 | ) | | | - | |
| Deferred compensation plan expense | | | (2,020 | ) | | | (3,047 | ) | | | (4,868 | ) | | | (4,719 | ) |
| Non-GAAP operating expenses | | $ | 82,974 | | | $ | 63,580 | | | $ | 298,194 | | | $ | 219,394 | |
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