GAAP to Non-GAAP Reconciliation of Fourth Quarter and Fiscal Year 2016 Results

(Unaudited and in thousands, except per share amounts)

Three Months Ended

Twelve Months Ended

October 31,

October 31,

2016

2015

2016

2015

GAAP net income

$                 72,697

$                 49,762

$               266,826

$               225,934

Adjustments:

Amortization of intangible assets

29,067

38,801

129,625

136,049

Stock compensation

25,540

22,936

97,583

86,400

Acquisition-related costs

2,981

7,074

9,949

16,994

Restructuring charges

6,646

-

9,633

15,088

Legal and tax matters

-

5,103

-

(6,686)

Tax adjustments ⁽¹⁾

(17,872)

(18,155)

(46,781)

(35,350)

Non-GAAP net income 

$               119,059

$               105,521

$               466,835

$               438,429

Three Months Ended

Twelve Months Ended

October 31,

October 31,

2016

2015

2016

2015

GAAP net income per share

$                     0.47

$                     0.31

$                     1.73

$                     1.43

Adjustments:

Amortization of intangible assets

0.19

0.25

0.84

0.86

Stock compensation

0.17

0.15

0.63

0.54

Acquisition-related costs

0.02

0.04

0.07

0.10

Restructuring charges

0.04

-

0.06

0.10

Legal and tax matters

-

0.03

-

(0.04)

Tax adjustments ⁽¹⁾

(0.12)

(0.11)

(0.31)

(0.22)

Non-GAAP net income per share

$                     0.77

$                     0.67

$                     3.02

$                     2.77

Shares used in calculation

154,331

158,121

154,721

158,065

(1) Fiscal 2016 tax adjustments reflect the application of our normalized annual non-GAAP tax rate to non-GAAP pre-tax income.