TeleNav 2015 Annual Report Download - page 50

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Table of Contents
39
Fiscal Year Ended June 30,
2015
2014
2013
(in thousands)
Net income (loss)
$
(23,063
)
$
(29,524
)
$
13,067
Income from discontinued operations, net of tax
—
—
7,486
Income (loss) from continuing operations, net of tax
(23,063
)
(29,524
)
5,581
Adjustments:
Legal settlement
—
—
1,300
Changes in valuation allowance on deferred tax assets
(778
)
7,398
—
Benefit for income taxes due to changes in tax accounting method and
amended tax returns
(4,061
)
—
—
Restructuring costs
1,150
4,412
1,671
Capitalized software and developed technology amortization
3,275
3,588
3,680
Stock-based compensation expense:
Cost of revenue
98
100
149
Research and development
5,275
4,490
3,509
Sales and marketing
2,943
3,306
2,290
General and administrative
3,112
3,639
2,699
Total stock-based compensation
11,428
11,535
8,647
Tax effect of adding back adjustments
(840
)
(4,248
)
(2,696
)
Non-GAAP income (loss) from continuing operations, net of tax
$
(12,889
)
$
(6,839
)
$
18,183
Non-GAAP income (loss) from continuing operations, net of tax per share
Basic
$
(0.32
)
$
(0.18
)
$
0.45
Diluted
$
(0.32
)
$
(0.18
)
$
0.43
Weighted average shares used in computing non-GAAP income (loss) from
continuing operations, net of tax per share
Basic
39,991
38,796
40,310
Diluted
39,991
38,796
41,919
Fiscal Year Ended June 30,
2015
2014
2013
(in thousands)
Net income (loss)
$
(23,063
)
$
(29,524
)
$
13,067
Income from discontinued operations, net of tax
—
—
7,486
Income (loss) from continuing operations, net of tax
(23,063
)
(29,524
)
5,581
Adjustments:
Legal settlement
—
—
1,300
Restructuring costs
1,150
4,412
1,671
Stock-based compensation expense
11,428
11,535
8,647
Depreciation and amortization
5,239
6,759
8,408
Interest and other income, net
(2,267
)
(1,288
)
(1,207
)
Provision (benefit) for income taxes
(13,006
)
(4,015
)
1,093
Adjusted EBITDA from continuing operations
$
(20,519
)
$
(12,121
)
$
25,493