Mentor Graphics Reports Fiscal Second Quarter Results

 

MENTOR GRAPHICS CORPORATION

UNAUDITED RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES

(In thousands, except percentages)
           
Three Months Ended July 31, Six Months Ended July 31,
2009 2008 2009 2008
GAAP gross margin $ 149,664 $ 152,026 $ 314,399 $ 297,371
Reconciling items to non-GAAP gross margin
Equity plan-related compensation 470 375 969 751
Prepaid royalty costs - - - 103
Amortization of purchased technology   2,928     1,992     5,876     5,230  
Non-GAAP gross margin $ 153,062   $ 154,393   $ 321,244   $ 303,455  
 
 
Three Months Ended July 31, Six Months Ended July 31,
2009 2008 2009 2008
GAAP gross margin as a percent of total revenues 82 % 83 % 84 % 82 %
Non-GAAP adjustments detailed above   2 %   2 %   1 %   2 %
Non-GAAP gross margin as a percent of total revenues   84 %   85 %   85 %   84 %
 
 
Three Months Ended July 31, Six Months Ended July 31,
2009 2008 2009 2008
GAAP operating expenses $ 161,161 $ 181,933 $ 332,042 $ 357,943
Reconciling items to non-GAAP operating expenses
Equity plan-related compensation (7,027 ) (7,209 ) (14,298 ) (13,384 )
Amortization of other identified intangible assets (2,888 ) (2,537 ) (5,758 ) (4,970 )
Rebalance, restructuring, and other costs (4,202 ) (3,235 ) (9,897 ) (12,885 )
In-process research and development   -     (15,285 )   -     (15,285 )
Non-GAAP operating expenses $ 147,044   $ 153,667   $ 302,089   $ 311,419  
 
 
Three Months Ended July 31, Six Months Ended July 31,
2009 2008 2009 2008
GAAP operating loss $ (11,497 ) $ (29,907 ) $ (17,643 ) $ (60,572 )
Reconciling items to non-GAAP operating income
Equity plan-related compensation 7,497 7,584 15,267 14,135
Prepaid royalty costs - - - 103
Amortization of purchased intangible assets:
Cost of revenues 2,928 1,992 5,876 5,230
Amortization of intangible assets 2,888 2,537 5,758 4,970
Rebalance, restructuring, and other costs 4,202 3,235 9,897 12,885
In-process research and development   -     15,285     -     15,285  
Non-GAAP operating income (loss) $ 6,018   $ 726   $ 19,155   $ (7,964 )
 
 
Three Months Ended July 31, Six Months Ended July 31,
2009 2008 2009 2008
GAAP operating margin as a percent of total revenues -6 % -16 % -5 % -17 %
Non-GAAP adjustments detailed above   9 %   16 %   10 %   15 %
Non-GAAP operating margin as a percent of total revenues   3 %   0 %   5 %   -2 %
 
 
Three Months Ended July 31, Six Months Ended July 31,
2009 2008 2009 2008
GAAP other income (expense), net and interest expense a $ (5,079 ) $ (3,687 ) $ (9,132 ) $ (6,067 )
Reconciling items to non-GAAP other income, net and interest expense
Equity in losses of unconsolidated entities 244 475 681 643
Amortization of debt discount and debt retirement costs   578     628     999     1,243  
Non-GAAP other income (expense), net and interest expense a $ (4,257 ) $ (2,584 ) $ (7,452 ) $ (4,181 )
 
a Adjusted for the retrospective adoption of FSP APB 14-1.
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »



Review Article Be the first to review this article

Airbus

Featured Video
Jobs
GIS Analyst II for Air Worldwide at Boston, MA
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Upcoming Events
RoboUniverse San Diego at San Diego CA - Dec 14 - 15, 2016
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
Geospatial World Forum 2017 Hyderabad at Hyderabad International Convention Center P.O Bag 1101, Cyberabad Post Office Hyderabad Telangana India - Jan 23 - 25, 2017
Trimble
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy