Income tax benefit (expense) (3,330) (80) (3,655) 4
Net income $8,651 $1,253 $9,000 $978
Net income per share
Basic $0.16 $0.02 $0.17 $0.02
Diluted $0.15 $0.02 $0.16 $0.02
Shares used to compute net income
per share:
Basic 54,556 53,370 54,389 53,055
Diluted 62,624 54,728 62,396 54,421
The following table reconciles the specific items excluded from GAAP
net income in the calculation of non-GAAP net income for the periods shown
below:
THORATEC CORPORATION
Reconciliation of GAAP to Non-GAAP Net Income
(Unaudited)
(in thousands, except for per share data)
Three Months Ended Six Months Ended
June 28, June 30, June 28, June 30,
Net income/(loss) reconciliation 2008 2007 2008 2007
Net income on a GAAP basis $8,651 $1,253 $9,000 $978
Share-based compensation expense:
- Cost of product sales 471 381 913 738
Share-based compensation expense:
- Selling, general and
administrative 1,562 1,757 3,236 4,105
- Research and development 596 591 1,344 1,389
Amortization of purchased
intangibles 3,296 3,143 6,592 6,296
Make-whole provision - (B) 11 - (80)
Income tax effect of non-GAAP
adjustments (2,471) (1,851) (4,433) (3,864)
Net income on a non-GAAP basis $
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