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Thoratec Reports 40 Percent Increase in Third Quarter Revenues From Continuing Operations
Date:10/28/2010

e weighted average unvested restricted stock awards outstanding of 323,582 and 638,105 for the three months ended October 2, 2010 and October 3, 2009, respectively, and 386,808 and 724,469 for the nine months ended October 2, 2010 and October 3, 2010, respectively.The following table reconciles the specific items excluded from GAAP gross profit and gross margin from continuing operations in the calculation of non-GAAP gross profit and gross margin from continuing operations for the periods shown below:

THORATEC CORPORATION
Reconciliation of GAAP to Non-GAAP Gross Profit from Continuing Operations
(Unaudited)
(in thousands) Three Months Ended Nine Months Ended October 2,
2010October 3,
2009October 2,
2010October 3,
2009Gross profit from continuing operations on a GAAP basis

$
2,375

68.5%

$
45,138

69.3%$
94,595

68.2%

$
31,938

66.3%Share-based compensation
expense

322234947789Gross profit from continuing operations on a non-GAAP basis

$
2,697

68.9%

$
45,372

69.7%$
95,542

68.5%

$
32,727

66.7%The following table reconciles the specific items excluded from GAAP operating expenses from continuing operations in the calculation of non-GAAP operating expenses from continuing operations for the periods shown below:

THORATEC CORPORATION
Reconciliation of GAAP to Non-GAAP Operating Expenses from Continuing Operations
(Unaudited)
(in thousands) Three Months Ended Nine Months Ended October 2,
2010October 3,
2009October 2,
2010October 3,
2009 Operating expenses from continuing operations on a GAAP basis $
35,882$
31,247$
5,471$
,771Share-based compensation expense:- Selling, general and administrative(1,858)(1,610)(6,074)(5,153)- Research and development(791)(594)(2,602)(1,992)Amortization of purchased intangibles(2,446)
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SOURCE Thoratec Corporation
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