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 Second Quarter Fiscal Year 2010
Targets
(in thousands, except per share amounts)
Range for Three Months
Ending April 30, 2010
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Low High
--- ----
Target GAAP expenses $278,000 $295,000
Adjustment:
Estimated impact of amortization
of intangible assets (11,000) (14,000)
Estimated impact of stock
compensation (15,000) (19,000)
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Target non-GAAP expenses $252,000 $262,000
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Range for Three Months
Ending April 30, 2010
---------------------
Low High
--- ----
Target GAAP earnings per share $0.22 $0.28
Adjustment:
Estimated impact of amortization
of intangible assets 0.09 0.07
Estimated impact of stock
compensation 0.13 0.10
Net non-GAAP tax effect (0.06) (0.05)
----- -----
Target non-GAAP earnings per share $0.38 $0.40
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Shares used in non-GAAP calculation
(midpoint of target range) 150,500 150,500
GAAP to Non-GAAP Reconciliation of Fiscal Year 2010 Targets
Range for Fiscal Year
Ending October 31, 2010
-----------------------
Low High
--- ----
Target GAAP earnings per share $1.55 $1.74
Adjustment:
Estimated impact of amortization
of intangible assets 0.33 0.26
Estimated impact of stock
compensation 0.45 0.40
Acquisition-related costs 0.01 0.01
Tax benefit from IRS settlement (0.61) (0.61)
Net non-GAAP tax effect (0.21) (0.18)
----- -----
Target non-GAAP earnings per share $1.52 $1.62
===== =====
Shares used in non-GAAP calculation
(midpoint of target range) 151,500 151,500
