Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2020
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RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN | |
| (Unaudited, in thousands) | |
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Three Months Ended March 31, | |
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2020 | | |
2019 | |
| Gross profit | | $ | 91,447 | | | $ | 78,006 | |
| Gross margin | | | 55.2 | % | | | 55.2 | % |
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| Adjustments to reconcile gross profit to non-GAAP gross profit: | | | | | | | | |
| Stock-based compensation expense | | | 557 | | | | 531 | |
| Deferred compensation plan income | | | (54 | ) | | | - | |
| Amortization of acquisition-related intangible assets | | | - | | | | 51 | |
| Non-GAAP gross profit | | $ | 91,950 | | | $ | 78,588 | |
| Non-GAAP gross margin | | | 55.5 | % | | | 55.6 | % |
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RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES | |
| (Unaudited, in thousands) | |
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Three Months Ended March 31, | |
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2020 | | |
2019 | |
| Total operating expenses | | $ | 60,461 | | | $ | 56,289 | |
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| Adjustments to reconcile total operating expenses to non-GAAP total operating expenses: | | | | | |
| Stock-based compensation expense | | | (18,005 | ) | | | (15,479 | ) |
| Deferred compensation plan (expense) income | | | 3,602 | | | | (1,799 | ) |
| Non-GAAP operating expenses | | $ | 46,058 | | | $ | 39,011 | |
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