GAAP to Non-GAAP Reconciliation of Third Quarter Fiscal Year 2020 Targets ⁽¹⁾

(in thousands, except per share amounts)

 Range for Three Months 

Ending July 31, 2020

Low

High

Target GAAP expenses

$   721,000

$   737,000

Adjustments:

      Estimated impact of amortization of intangible assets

(23,000)

(26,000)

      Estimated impact of stock compensation

(58,000)

(61,000)

Target non-GAAP expenses

$   640,000

$   650,000

Range for Three Months

Ending July 31, 2020

Low

High

Target GAAP earnings per share

$        1.12

$        1.22

Adjustments:

      Estimated impact of amortization of intangible assets

0.17

0.15

      Estimated impact of stock compensation

0.39

0.38

      Estimated impact of tax adjustments

(0.35)

(0.37)

Target non-GAAP earnings per share

$        1.33

$        1.38

Shares used in non-GAAP calculation (midpoint of target range)

154,500

154,500

GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2020 Targets⁽¹⁾

(in thousands, except per share amounts)

Range for Fiscal Year

October 31, 2020

Low

High

Target GAAP expenses

$   2,990,968

$   3,030,968

Adjustments:

      Estimated impact of amortization of intangible assets

(89,000)

(94,000)

      Estimated impact of stock compensation

(226,000)

(231,000)

      Acquisition-related costs

(7,545)

(7,545)

      Estimated impact of restructuring charges

(38,423)

(38,423)

Target non-GAAP expenses

$   2,630,000

$   2,660,000

Range for Fiscal Year

October 31, 2020

Low

High

Target GAAP earnings per share

$            3.74

$            3.90

Adjustments:

     Estimated impact of amortization of intangible assets

0.61

0.58

     Estimated impact of stock compensation

1.50

1.46

     Acquisition-related costs

0.05

0.05

     Estimated impact of restructuring charges

0.25

0.25

     Impact of tax adjustments

(0.94)

(0.96)

Target non-GAAP earnings per share

$            5.21

$            5.28

Shares used in non-GAAP calculation (midpoint of target range)

154,500

154,500