Operating Profit Margin

Operating Profit Margin. Will be measured as the Company's consolidated GAAP operating income (revenue minus cost of goods sold (COGS) minus research and development (R&D) minus selling, general and administrative (SG&A), excluding Incentive Plan and VCP accruals, if any, and any Non-Recurring Items) as a percentage of revenue. The Company's GAAP operating income shall be determined based on the Company's financial results as approved by the Company's Audit Committee and filed with the Securities and Exchange... Commission on a Form 10Q or Form 10K. View More