Synopsys Posts Financial Results for Second Quarter Fiscal Year 2014

 

Reconciliation of Target Non-GAAP Operating Results

The following tables reconcile the specific items excluded from GAAP in the calculation of target non-GAAP operating results for the periods indicated below.

 

GAAP to Non-GAAP Reconciliation of Third Quarter Fiscal Year 2014 Targets

(in thousands, except per share amounts)






 Range for Three Months 


Ending July 31, 2014 (1)


Low


High

Target GAAP expenses

$   450,500


$   471,000

Adjustments:




       Estimated impact of amortization of intangible assets

(32,000)


(39,000)

       Estimated impact of stock compensation

(18,500)


(22,000)

Target non-GAAP expenses

$   400,000


$   410,000










Range for Three Months


Ending July 31, 2014 (1)


Low


High

Target GAAP earnings per share

$         0.30


$         0.38

Adjustments:




Estimated impact of amortization of intangible assets

0.25


0.20

Estimated impact of stock compensation

0.14


0.12

Net non-GAAP tax adjustments 

(0.09)


(0.08)

Target non-GAAP earnings per share

$         0.60


$         0.62





Shares used in non-GAAP calculation (midpoint of target range)

157,000


157,000









GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2014 Targets






Range for Fiscal Year


Ending October 31, 2014 (1)


Low


High

Target GAAP earnings per share

$         1.55


$         1.68

Adjustments:




Estimated impact of amortization of intangible assets

0.83


0.78

Estimated impact of stock compensation

0.54


0.50

Acquisition-related costs

0.04


0.04

    Tax and other settlements

(0.08)


(0.08)

Net non-GAAP tax adjustments

(0.43)


(0.42)

Target non-GAAP earnings per share

$         2.45


$         2.50





Shares used in non-GAAP calculation (midpoint of target range)

157,000


157,000





(1) Synopsys' third quarter and fiscal year end on August 2, and November 1, 2014, respectively.  For presentation purposes, the periods refer to the closest calendar month end.


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