Mentor Graphics Reports Fiscal First Quarter Results

 

MENTOR GRAPHICS CORPORATION

UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP

EARNINGS PER SHARE GUIDANCE

 
The following table reconciles management's estimates of the specific items excluded from GAAP in the calculation of expected non-GAAP loss per share for the periods shown below:
   
 
Q2 FY11 FY11
Diluted GAAP net income (loss) per share $(0.17) - (0.22) $0.10 - 0.15
Non-GAAP Adjustments:
Amortization of purchased intangible assets (1) 0.05 0.17
Amortization of other identified intangible assets (2) 0.03 0.09
Equity plan-related compensation (3) 0.04 0.16
Special charges (4) 0.00 0.03
Other income and interest expense (5) 0.01 0.04
Income tax effects (6) 0.04 0.01
Non-GAAP net income (loss) per share $0.00 - (0.05) $0.60 - 0.65
 
 
(1) Excludes amortization of purchased intangible assets resulting from acquisition transactions. Purchased intangible assets are amortized over two to five years. The guidance for Q2 FY11 and Full Year FY11 assumes no additional acquisitions.
(2) Excludes amortization of other identified intangible assets including trade names, employment agreements, customer relationships, and deferred compensation resulting from acquisition transactions. Other identified intangible assets are amortized over two to five years. The guidance for Q2 FY11 and Full Year FY11 assumes no additional acquisitions.
(3) Excludes equity plan-related compensation expense.
(4) Excludes special charges consisting primarily of costs incurred for facility closures, employee rebalances, (which includes severance benefits, notice pay and outplacement services), advisory fees, and acquisition costs. The guidance for Q2 FY11 and Full Year FY11 assumes no additional special charges.
(5) Reflects amortization of original issuance debt discount and equity in losses of an equity method investment.
(6) Non-GAAP income tax expense adjustment reflects the application of our assumed normalized effective 17% tax rate, instead of our GAAP tax rate, to our GAAP pre-tax income and the application of the 17% tax rate to our non-GAAP adjustments.

 

 



Contact:

Mentor Graphics Corporation
Media Contact
Ry Schwark, 503-685-1660
Email Contact
or
Investor Contact
Joe Reinhart, 503-685-1462
Email Contact



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