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 OTHER INCOME, NET, TO NON-GAAP OTHER INCOME, NET | | (Unaudited, in thousands) | | | | | |
Three Months Ended December 31, | | |
Year Ended December 31, | | | | |
2021 | | |
2020 | | |
2021 | | |
2020 | | | Total other income, net | | $ | 3,391 | | | $ | 4,480 | | | $ | 9,802 | | | $ | 10,460 | | | | | | | | | | | | | | | | | | | | | Adjustments to reconcile other income, net to non-GAAP other income, net: | | | | | | | | | | | | | | | | | | Deferred compensation plan income | | | (1,924 | ) | | | (3,172 | ) | | | (4,563 | ) | | | (4,593 | ) | | Non-GAAP other income, net | | $ | 1,467 | | | $ | 1,308 | | | $ | 5,239 | | | $ | 5,867 | | | | | | | | | | | | | | | | | | | |
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RECONCILIATION OF INCOME BEFORE INCOME TAXES TO NON-GAAP INCOME BEFORE INCOME TAXES | | (Unaudited, in thousands) | | | | | |
Three Months Ended December 31, | | |
Year Ended December 31, | | | | |
2021 | | |
2020 | | |
2021 | | |
2020 | | | Total income before income taxes | | $ | 81,962 | | | $ | 44,443 | | | $ | 272,219 | | | $ | 169,342 | | | | | | | | | | | | | | | | | | | | | Adjustments to reconcile income before income taxes to non-GAAP income before income taxes: | | | | | | | | | | | | | | | | | | Stock-based compensation expense | | | 31,196 | | | | 22,970 | | | | 123,479 | | | | 85,551 | | | Amortization of purchased intangible assets | | | 33 | | | | - | | | | 44 | | | | - | | | Deferred compensation plan expense | | | 252 | | | | 156 | | | | 561 | | | | 1,057 | | | Non-GAAP income before income taxes | | $ | 113,443 | | | $ | 67,569 | | | $ | 396,303 | | | $ | 255,950 | | | | | | | | | | | | | | | | | | | |
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