|
Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures (U.S. Dollars in thousands, except per share amounts) | ||||
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|
|
| ||
|
|
Quarter ended |
Year ended | ||
|
|
December 31, |
December 31, | ||
|
|
2015 |
2014 |
2015 |
2014 |
|
|
Unaudited |
Unaudited |
Unaudited |
Unaudited |
|
GAAP net income |
2,304 |
(1,934) |
6,267 |
(819) |
|
Equity-based compensation expense included in cost of revenue |
44 |
34 |
155 |
193 |
|
Equity-based compensation expense included in research and development expenses |
515 |
452 |
1,838 |
2,027 |
|
Equity-based compensation expense included in sales and marketing expenses |
173 |
156 |
568 |
909 |
|
Equity-based compensation expense included in general and administrative expenses |
488 |
386 |
1,454 |
1,882 |
|
Income tax related to equity-based compensation expenses |
(31) |
- |
52 |
- |
|
Costs associated with the RivieraWaves acquisition |
- |
91 |
147 |
480 |
|
Amortization of intangible assets related to RivieraWaves transaction, net of taxes |
216 |
210 |
861 |
445 |
|
Loss from realization of investment in other company associated with Antcor |
- |
- |
- |
404 |
|
Write off of a tax asset related to equity-based compensation expenses |
- |
2,214 |
- |
1,890 |
|
Income taxes related to RivieraWaves acquisition |
(151) |
118 |
(151) |
- |
|
Non-GAAP net income |
3,558 |
1,727 |
11,191 |
7,411 |
|
|
|
|
|
|
|
GAAP weighted-average number of Common Stock used in computation of diluted earnings per share (in thousands) |
21,203 |
20,209 |
20,989 |
20,622 |
|
Weighted-average number of shares related to outstanding options |
206 |
335 |
211 |
362 |
|
Weighted-average number of Common Stock used in computation of diluted earnings per share, excluding the above (in thousands) |
21,409 |
20,544 |
21,200 |
20,984 |
|
|
|
|
|
|
|
GAAP diluted earnings per share |
$0.11 |
$(0.10) |
$0.30 |
$(0.04) |
|
Equity-based compensation expense, net of taxes |
$0.06 |
$0.05 |
$0.19 |
$0. 24 |
|
Costs associated with the RivieraWaves acquisition |
- |
- |
$0.01 |
$0.02 |
|
Amortization of intangible assets related to RivieraWaves transaction, net of taxes |
$0.01 |
$0.01 |
$0.04 |
$0.02 |
|
Loss from realization of investment in other company associated with Antcor |
- |
- |
- |
$0.02 |
|
Write off of a tax asset related to equity-based compensation expenses |
- |
0.11 |
- |
$0.09 |
|
Income taxes related to RivieraWaves acquisition |
$(0.01) |
$0.01 |
$(0.01) |
- |
|
|
|
|
|
|
|
Non-GAAP diluted earnings per share |
$0.17 |
$0.08 |
$0.53 |
$0.35 |
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|
|
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