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THORATEC CORPORATION
Reconciliation of GAAP to Non-GAAP Operating Expenses
(Unaudited)
(in thousands)
Three Months Ended Nine Months Ended
September September September September
27, 29, 27, 29,
2008 2007 2008 2007
Operating expenses on a GAAP basis $40,583 $34,728 $117,026 $103,763
Share-based compensation expense:
- Selling, general and
administrative (1,512) (964) (4,747) (5,068)
- Research and development (592) (481) (1,936) (1,870)
Amortization of purchased
intangibles (3,295) (3,143) (9,887) (9,439)
Operating expenses on a non-GAAP
basis $35,184 $30,140 $100,456 $87,386
The following table reconciles the GAAP tax rate adjusted for the tax
effect of the adjustments from GAAP net income to non-GAAP net income.
THORATEC CORPORATION
GAAP to Non-GAAP Tax Expense Reconciliation
(Unaudited)
(in thousands)
Three Months Ended Nine Months Ended
September 27, September 29, September 27, September 29,
2008 2007 2008 2007
Tax expense on
a GAAP basis $(2,179)23.3% $(273)24.0% $(5,834)26.5% $(269)167.2%
Amortization
of purchased
intangibles (1,318) (1,218) (3,955) (3,658)
Make-whole
provision - -
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