Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures | ||||||||||||
(In thousands, except per share data) | ||||||||||||
|
| ||||||||||||
Non-GAAP Income
|
| Three Months Ended April 3, 2021 | ||||||||||
|
|
| GAAP Measure |
| GAAP Percent of
|
| Stock Compensation
|
| Intangible
|
| Non-GAAP Measure |
| Non-GAAP Percent of
|
Revenues |
| $255,505 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
| 150,583 |
| 58.9% |
| $ 337 |
| $ -- |
| $150,920 |
| 59.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
| 76,474 |
| 29.9% |
| 7,024 |
| 8,390 |
| 61,060 |
| 23.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
| 51,950 |
| 20.3% |
| 6,466 |
| 3,315 |
| 42,169 |
| 16.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income |
| 22,159 |
| 8.7% |
| 13,827 |
| 11,705 |
| 47,691 |
| 18.7% |
Non-GAAP
|
| Three Months Ended
| ||||||||||||
|
|
| GAAP Measure |
| Stock Compensation Expense* |
| Intangible
|
| Investment
|
| Interest Expense Adjustments* |
| Income Tax Adjustments |
| Non-
|
Net income |
| $13,509 |
| $13,827 |
| $11,705 |
| $(1,801) |
| $9,307 |
| $(4,856) |
| $41,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted shares outstanding |
| 45,832 |
|
|
|
|
|
|
|
|
|
|
| 45,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per share |
| $ 0.29 |
|
|
|
|
|
|
|
|
|
|
| $ 0.91 |
|
|
| * Represents pre-tax amounts |
