Synopsys Posts Financial Results for Second Quarter Fiscal Year 2011

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 2011 Targets

(in thousands, except per share amounts)



Range for Three Months


Ending July 31, 2011


Low


High

Target GAAP expenses

$      319,000


$      337,000

Adjustment:




      Estimated impact of amortization of intangible assets

(15,000)


(18,000)

      Estimated impact of stock compensation

(12,000)


(17,000)

Target non-GAAP expenses

$      292,000


$      302,000










Range for Three Months


Ending July 31, 2011


Low


High

Target GAAP earnings per share

$            0.25


$            0.31

Adjustment:




Estimated impact of amortization of intangible assets

0.12


0.10

Estimated impact of stock compensation

0.11


0.08

Net non-GAAP tax effect

(0.07)


(0.06)

Target non-GAAP earnings per share

$            0.41


$            0.43





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

151,000


151,000









GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2011 Targets




Range for Fiscal Year


Ending October 31, 2011


Low


High

Target GAAP earnings per share

$            1.33


$            1.46

Adjustment:




Estimated impact of amortization of intangible assets

0.49


0.43

Estimated impact of stock compensation

0.38


0.34

Acquisition-related costs (1)

0.00


0.00

Tax benefit from IRS settlement

(0.21)


(0.21)

Net non-GAAP tax effect

(0.29)


(0.25)

Target non-GAAP earnings per share

$            1.70


$            1.77





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

151,000


151,000





(1) Included changes to the fair value of con tingent consideration related to a prior year acquisition.




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