Synopsys Posts Financial Results for Second Quarter Fiscal Year 2020

Reconciliation of 2020 Targets

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 2020 Targets (1)

(in thousands, except per share amounts)






 Range for Three Months 



Ending July 31, 2020



Low


High

Target GAAP expenses


$   721,000


$   737,000

Adjustments:





      Estimated impact of amortization of intangible assets


(23,000)


(26,000)

      Estimated impact of stock compensation


(58,000)


(61,000)

Target non-GAAP expenses


$   640,000


$   650,000











Range for Three Months



Ending July 31, 2020



Low


High

Target GAAP earnings per share


$        1.12


$        1.22

Adjustments:





      Estimated impact of amortization of intangible assets


0.17


0.15

      Estimated impact of stock compensation


0.39


0.38

      Estimated impact of tax adjustments


(0.35)


(0.37)

Target non-GAAP earnings per share


$        1.33


$        1.38






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


154,500


154,500

 

GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2020 Targets(1)

(in thousands, except per share amounts)






Range for Fiscal Year



October 31, 2020



Low


High

Target GAAP expenses


$   2,990,968


$   3,030,968

Adjustments:





      Estimated impact of amortization of intangible assets


(89,000)


(94,000)

      Estimated impact of stock compensation


(226,000)


(231,000)

      Acquisition-related costs


(7,545)


(7,545)

      Estimated impact of restructuring charges


(38,423)


(38,423)

Target non-GAAP expenses


$   2,630,000


$   2,660,000











Range for Fiscal Year



October 31, 2020



Low


High

Target GAAP earnings per share


$            3.74


$            3.90

Adjustments:





     Estimated impact of amortization of intangible assets


0.61


0.58

     Estimated impact of stock compensation


1.50


1.46

     Acquisition-related costs


0.05


0.05

     Estimated impact of restructuring charges


0.25


0.25

     Impact of tax adjustments


(0.94)


(0.96)

Target non-GAAP earnings per share


$            5.21


$            5.28






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


154,500


154,500



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