Our earnings release contains forward looking estimates of non-GAAP
gross margin and loss per share for the third quarter of 2014. We
provide these non-GAAP measures on a prospective basis for the same
reasons that we provide them to investors on a historical basis. The
following table provides a reconciliation of GAAP gross margin and loss
per share to non-GAAP gross margin and earnings per share anticipated
for the third quarter of 2014 based on the mid-point of guidance.
|
|
|
|
|
|
Forward Looking Q3 GAAP Gross Margin
|
|
42.0
|
%
|
|
|
Adjustment for stock based compensation charges
|
|
1.0
|
%
|
|
|
Adjustment for charges associated with acquisitions
|
|
1.0
|
%
|
|
Forward Looking Q3 non-GAAP Gross Margin
|
|
|
44.0
|
%
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|
|
|
|
|
|
|
|
|
Forward Looking Q3 GAAP Operating Expenses (in millions)
|
|
$
|
82.7
|
|
|
|
Adjustment for stock based compensation charges
|
|
(5.0
|
)
|
|
|
Adjustment for charges associated with acquisitions
|
|
(7.7
|
)
|
|
Forward Looking Q3 non-GAAP Operating Expenses
|
|
$
|
70.0
|
|
|
|
|
|
|
|
|
|
|
Forward Looking Q3 GAAP Net Earnings per Share
|
|
$
|
0.10
|
|
|
|
Adjustment for stock based compensation charges
|
|
0.04
|
|
|
|
Adjustment for non-cash tax expense
|
|
|
0.02
|
|
|
|
Adjustment for charges associated with acquisitions
|
|
0.08
|
|
|
Forward Looking Q3 non-GAAP Net Earnings per Share
|
|
$
|
0.24
|
|
|
|
|
|
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|
