The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets for the periods indicated below.
GAAP to Non-GAAP Reconciliation of Third Quarter Fiscal Year 2022 Targets (1) | ||||
(in thousands, except per share amounts) | ||||
|
| ||||
|
|
| Range for Three Months | ||
|
|
| July 31, 2022 | ||
|
|
| Low |
| High |
Target GAAP expenses |
| $ 981,000 |
| $ 1,001,000 |
Adjustments: |
|
|
|
|
Amortization of intangible assets |
| (24,000) |
| (27,000) |
Stock compensation |
| (127,000) |
| (134,000) |
Target non-GAAP expenses |
| $ 830,000 |
| $ 840,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
| Range for Three Months | ||
|
|
| July 31, 2022 | ||
|
|
| Low |
| High |
Target GAAP earnings per diluted share |
| $ 1.32 |
| $ 1.44 |
Adjustments: |
|
|
|
|
Amortization of intangible assets |
| 0.17 |
| 0.15 |
Stock compensation |
| 0.85 |
| 0.81 |
Tax adjustments |
| (0.33) |
| (0.34) |
Target non-GAAP earnings per diluted share |
| $ 2.01 |
| $ 2.06 |
|
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
| 157,500 |
| 157,500 |
|
| ||||
|
| ||||
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2022 Targets (1) | ||||
(in thousands, except per share amounts) | ||||
|
| ||||
|
|
| Range for Fiscal Year | ||
|
|
| October 31, 2022 | ||
|
|
| Low |
| High |
Target GAAP expenses |
| $ 3,928,157 |
| $ 3,975,157 |
Adjustments: |
|
|
|
|
Amortization of intangible assets |
| (90,000) |
| (95,000) |
Stock compensation |
| (470,000) |
| (482,000) |
Acquisition-related costs |
| (6,100) |
| (6,100) |
| Restructuring charges |
| (12,057) |
| (12,057) |
| Target non-GAAP expenses |
| $ 3,350,000 |
| $ 3,380,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
| Range for Fiscal Year | ||
|
|
| October 31, 2022 | ||
|
|
| Low |
| High |
| Target GAAP earnings per diluted share |
| $ 6.22 |
| $ 6.40 |
| Adjustments: |
|
|
|
|
| Amortization of intangible assets |
| 0.60 |
| 0.57 |
| Stock compensation |
| 3.06 |
| 2.98 |
| Acquisition-related costs |
| 0.04 |
| 0.04 |
| Restructuring charges |
| 0.08 |
| 0.08 |
| Tax adjustments |
| (1.37) |
| (1.37) |
| Target non-GAAP earnings per diluted share |
| $ 8.63 |
| $ 8.70 |
|
|
|
|
|
|
| Shares used in non-GAAP calculation (midpoint of target range) |
| 157,500 |
| 157,500 |
|
|
|
|
|
|
