Logitech 2007 Annual Report Download - page 20

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SUPPLEMENTAL FINANCIAL INFORMATION
(in thousands, except per share amounts)
Reconciliation of GAAP to non-GAAP Financial Measures
Twelve Months Ended
March 31, 2007
GAAP gross margin ........................................................ 34.3%
Adjustments:
Effect of share-based compensation ......................................... 0.1%
Non-GAAP gross margin 34.4%
GAAP research and development ............................................. $108,256
Adjustments:
Effect of share-based compensation ......................................... (3,151)
Non-GAAP research and development $105,105
GAAP operating income .................................................... $230,862
Adjustments:
Effect of share-based compensation ......................................... 19,464
Non-GAAP operating income ................................................ $250,326
GAAP income before income tax ............................................. $255,557
Adjustments:
Effect of share-based compensation ......................................... 19,464
Non-GAAP income before income tax ......................................... $275,021
GAAP Provision for income taxes ............................................. $ 25,709
Adjustments:
Effect of share-based compensation ......................................... 4,526
Non-GAAP Provision for income taxes ........................................ $ 30,235
GAAP Tax rate ........................................................... 10.1%
Non-GAAP Tax rate ....................................................... 11.0%
GAAP net income ......................................................... $229,848
Adjustments:
Effect of share-based compensation ......................................... 14,938
Non-GAAP net income $244,786
GAAP net income per share diluted .......................................... $ 1.20
Adjustments:
Effect of share-based compensation ......................................... 0.07
Non-GAAP net income per share diluted ...................................... $ 1.27