Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2019
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RECONCILIATION OF OPERATING INCOME TO NON-GAAP OPERATING INCOME
(Unaudited, in thousands)
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Three Months Ended June 30, | | |
Six Months Ended June 30, | |
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2019 | | |
2018 | | |
2019 | | |
2018 | |
| Total operating income | | $ | 20,119 | | | $ | 24,882 | | | $ | 41,836 | | | $ | 46,918 | |
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| Adjustments to reconcile total operating income to non-GAAP total operating income: | | | | | | | | | | | | | | | | |
| Stock-based compensation expense | | | 22,709 | | | | 15,892 | | | | 38,719 | | | | 30,921 | |
| Amortization of acquisition-related intangible assets | | | 51 | | | | 197 | | | | 102 | | | | 447 | |
| Deferred compensation plan expense | | | 772 | | | | 410 | | | | 2,571 | | | | 273 | |
| Non-GAAP operating income | | $ | 43,651 | | | $ | 41,381 | | | $ | 83,228 | | | $ | 78,559 | |
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