Business Outlook
The following table provides a reconciliation of projected Non-GAAP net income to projected net income, the most comparable GAAP financial measure:
| (Unaudited) | |||||||||||||||
|
Three Months Ending
March 31, 2024 |
Year Ending
December 31, 2024 | ||||||||||||||
| (in thousands) | Low | High | Low | High | |||||||||||
| Net income | $ | 8,000 | $ | 11,000 | $ | 30,000 | $ | 37,700 | |||||||
| Stock-based compensation expense | 18,900 | 18,900 | 74,500 | 74,500 | |||||||||||
| Amortization of intangible assets | 7,400 | 7,400 | 28,800 | 28,800 | |||||||||||
| Non-cash interest expense | 500 | 500 | 1,500 | 1,500 | |||||||||||
| Impact of non-GAAP tax rate(1) | (5,300 | ) | (6,100 | ) | (20,400 | ) | (22,100 | ) | |||||||
| Non-GAAP net income | $ | 29,500 | $ | 31,700 | $ | 114,400 | $ | 120,400 | |||||||
