The following tables reconcile the specific items excluded from GAAP in the calculation of certain non-GAAP comparative amounts under ASC 605 for the period indicated below.
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GAAP to Non-GAAP Reconciliation of ASC 605 Comparative Amounts (1) |
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(in thousands, except per share amounts) |
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ASC 605 |
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Range for Fiscal Year |
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October 31, 2019 (2) |
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Low |
High |
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Target GAAP expenses |
$ 2,757,562 |
$ 2,787,562 |
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Adjustments: |
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Estimated impact of amortization of intangible assets |
(99,000) |
(104,000) |
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Estimated impact of stock compensation |
(156,000) |
(161,000) |
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Acquisition-related costs |
(597) |
(597) |
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Restructuring |
35 |
35 |
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Legal matters |
18,000 |
18,000 |
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Target non-GAAP expenses |
$ 2,520,000 |
$ 2,540,000 |
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ASC 605 |
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Range for Fiscal Year |
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October 31, 2019 (2) |
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Low |
High |
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Target GAAP earnings per share |
$ 3.39 |
$ 3.52 |
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Adjustments: |
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Estimated impact of amortization of intangible assets |
0.67 |
0.64 |
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Estimated impact of stock compensation |
1.04 |
1.01 |
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Acquisition-related costs |
0.00 |
0.00 |
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Restructuring |
0.00 |
0.00 |
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Legal matters |
(0.12) |
(0.12) |
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Estimated impact of tax adjustments |
(0.58) |
(0.58) |
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Target non-GAAP earnings per share |
$ 4.40 |
$ 4.47 |
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Shares used in non-GAAP calculation (midpoint of target range) |
154,500 |
154,500 |
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(1) Synopsys adopted new revenue recognition guidance ASC 606, Revenue from Contracts with Customers, at the beginning of fiscal 2019 under the modified retrospective method. For comparison purposes, we provide comparative amounts under old revenue guidance ASC 605, Revenue Recognition. |
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(2) Synopsys' fiscal year will ended on November 2, 2019. For presentation purposes, we refer to the closest calendar month end. |
