RECONCILIATION BETWEEN GAAP AND NON-GAAP INFORMATION
(US Dollars in thousands, except for per share data)
Three months ended
June 30,
2012 2011
GAAP Adj. NON-GAAP GAAP Adj. NON-GAAP
Total revenue 10,608 - 10,608 9,975 - 9,975
Total cost of revenue 934 1,206 1,273 1,126
Non-cash amortization of (147) (147)
acquired intangible assets
One-time income from OCS 419
agreement
Gross profit 9,674 (272) 9,402 8,702 147 8,849
Research and development 1,629 - 1,629 1,500 - 1,500
expenses, net
Selling, general and 6,215 (98) 6,117 6,155 (103) 6,052
administrative expenses (1)
Operating income 1,830 (174) 1,656 1,047 250 1,297
Financial income (expenses), (205) - (205) 38 - 38
net
Taxes on income (2) (626) 209 (417) (195) 150 (45)
Other (4) - (4) (8) - (8)
Net income 995 35 1,030 882 400 1,282
Less: Net (income) loss 3 - 3 (1) - (1)
attributable to the
noncontrolling interest
Net income attributable $ 998 $ 35 $ 1,033 $ 881 $ 400 $ 1,281
to Cimatron's shareholders
Net income per share - basic $ 0.11 $ 0.11 $ 0.09 $ 0.14
and diluted
Weighted average number of shares outstanding
Basic EPS (in thousands) 9,309 9,309 9,298 9,298
Diluted EPS (in thousands) 9,329 9,329 9,314 9,314
(1) Non-GAAP adjustment to exclude non-cash amortization of acquired intangible assets. (2) Non-GAAP adjustment to exclude the effect of deferred taxes and other non-cash tax provisions.
Table continued below.
CIMATRON LIMITED
RECONCILIATION BETWEEN GAAP AND NON-GAAP INFORMATION
(US Dollars in thousands, except for per share data)
Six months ended
June 30,
2012 2011
GAAP Adj. NON-GAAP GAAP Adj. NON-GAAP
Total revenue 20,494 - 20,494 18,869 - 18,869
Total cost of revenue 2,352 2,477 2,618 2,324
Non-cash amortization of (294) (294)
acquired intangible assets
One-time income from OCS 419
agreement
Gross profit 18,142 (125) 18,017 16,251 294 16,545
Research and development 3,322 - 3,322 3,054 - 3,054
expenses, net
Selling, general and 12,101 (197) 11,904 11,726 (204) 11,522
administrative expenses (1)
Operating income 2,719 72 2,791 1,471 498 1,969
Financial income (expenses), (92) - (92) 154 - 154
net
Taxes on income (2) (800) 118 (682) (422) 322 (100)
Other 11 - 11 (10) - (10)
Net income 1,838 190 2,028 1,193 820 2,013
Less: Net (income) loss (9) - (9) 27 - 27
attributable to the
noncontrolling interest
Net income attributable $ 1,829 $ 190 $ 2,019 $ 1,220 $ 820 $ 2,040
to Cimatron's shareholders
Net income per share - $ 0.20 $ 0.22 $ 0.13 $ 0.22
basic and diluted
Weighted average number of shares outstanding
Basic EPS (in thousands) 9,305 9,305 9,202 9,202
Diluted EPS (in thousands) 9,323 9,323 9,276 9,276
