Reconciliation of 2022 Targets
The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets for the periods indicated below.
GAAP to Non-GAAP Reconciliation of Fourth Quarter Fiscal Year 2022 Targets (1)
| ||||
|
| ||||
|
|
| Range for Three Months | ||
|
|
| October 31, 2022 | ||
|
|
| Low |
| High |
Target GAAP expenses |
| $ 1,076,000 |
| $ 1,096,000 |
Adjustments: |
|
|
|
|
Amortization of intangible assets |
| (26,000) |
| (29,000) |
Stock compensation |
| (131,000) |
| (138,000) |
Target non-GAAP expenses |
| $ 919,000 |
| $ 929,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
| Range for Three Months | ||
|
|
| October 31, 2022 | ||
|
|
| Low |
| High |
Target GAAP earnings per diluted share |
| $ 1.06 |
| $ 1.18 |
Adjustments: |
|
|
|
|
Amortization of intangible assets |
| 0.18 |
| 0.17 |
Stock compensation |
| 0.88 |
| 0.83 |
Tax adjustments |
| (0.32) |
| (0.33) |
Target non-GAAP earnings per diluted share |
| $ 1.80 |
| $ 1.85 |
|
|
|
|
|
|
Shares used in non-GAAP calculation (midpoint of target range) |
| 157,500 |
| 157,500 |
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2022 Targets (1)
| ||||
|
| ||||
|
|
| Range for Fiscal Year | ||
|
|
| October 31, 2022 | ||
|
|
| Low |
| High |
Target GAAP expenses |
| $ 3,978,389 |
| $ 3,998,389 |
| Adjustments: |
|
|
|
|
| Amortization of intangible assets |
| (96,000) |
| (99,000) |
| Stock compensation |
| (464,000) |
| (471,000) |
| Acquisition-related costs |
| (11,332) |
| (11,332) |
| Restructuring charges |
| (12,057) |
| (12,057) |
| Target non-GAAP expenses |
| $ 3,395,000 |
| $ 3,405,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
| Range for Fiscal Year | ||
|
|
| October 31, 2022 | ||
|
|
| Low |
| High |
| Target GAAP earnings per diluted share |
| $ 6.37 |
| $ 6.49 |
| Adjustments: |
|
|
|
|
| Amortization of intangible assets |
| 0.63 |
| 0.62 |
| Stock compensation |
| 3.01 |
| 2.96 |
| Acquisition-related costs |
| 0.07 |
| 0.07 |
| Restructuring charges |
| 0.08 |
| 0.08 |
| Tax adjustments |
| (1.36) |
| (1.37) |
| Target non-GAAP earnings per diluted share |
| $ 8.80 |
| $ 8.85 |
|
|
|
|
|
|
| Shares used in non-GAAP calculation (midpoint of target
|
| 157,500 |
| 157,500 |
|
|
|
|
|
|
| (1) Synopsys' fourth quarter of fiscal year 2022 and fiscal year 2022 will end on October 29, 2022. For presentation purposes,
| ||||
