(2) Represents the estimated impact on "as reported" revenue due to changes in foreign currency exchange rates
(3) Represents the % increase or decrease in revenue excluding the estimated "FX effect"
(4)Amounts in table may not foot due to rounding
Gross Profit and Gross Profit Margin (1)
Three Months Ended June 30, | ||||||||||||
(in thousands) | 2023 | 2022 | ||||||||||
Gross Profit | Gross Profit Margin | Gross Profit | Gross Profit Margin | |||||||||
GAAP | $ | 50,016 | 39.0 | % | $ | 53,138 | 37.9 | % | ||||
Amortization expense included in Cost of sales | (122 | ) | 136 | |||||||||
Non-GAAP (2) | $ | 49,894 | 38.9 | % | $ | 53,274 | 38.0 | % |
(1)Amounts in table may not foot due to rounding
(2) Calculated as non-GAAP gross profit as a percentage of total revenue.
Six Months Ended June 30, | |||||||||||
(in thousands) | 2023 | 2022 | |||||||||
Gross Profit | Gross Profit Margin | Gross Profit | Gross Profit Margin | ||||||||
GAAP | $ | 97,114 | 38.9 | % | $ | 106,933 | 39.2 | % | |||
Amortization expense included in Cost of sales | 14 | 276 | |||||||||
Non-GAAP (2) | $ | 97,128 | 38.9 | % | $ | 107,209 | 39.3 | % |