| ANSYS, INC. AND SUBSIDIARIES | ||||||||||||
| ASC 606 Reconciliation of Non-GAAP Measures | ||||||||||||
| (Unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
| September 30, 2018 | ||||||||||||
| (in thousands, except percentages and per share data) |
GAAP
Results |
Adjustments |
Non-GAAP
Results | |||||||||
| Total revenue | $ | 289,418 | $ | 3,548 | (1 | ) | $ | 292,966 | ||||
| Operating income | 93,024 | 35,889 | (2 | ) | 128,913 | |||||||
| Operating profit margin | 32.1 | % | 44.0 | % | ||||||||
| Net income | $ | 89,336 | $ | 23,557 | (3 | ) | $ | 112,893 | ||||
| Earnings per share – diluted: | ||||||||||||
| Earnings per share | $ | 1.04 | $ | 1.31 | ||||||||
| Weighted average shares | 86,043 | 86,043 | ||||||||||
| (1) Amount represents the revenue not reported during the period as a result of the acquisition accounting adjustment associated with the accounting for deferred revenue in business combinations. | ||||||||||||
| (2) Amount represents $23.0 million of stock-based compensation expense, $0.3 million of excess payroll taxes related to stock-based awards, $9.0 million of amortization expense associated with intangible assets acquired in business combinations and the $3.5 million adjustment to revenue as reflected in (1) above. | ||||||||||||
| (3) Amount represents the impact of the adjustments to operating income referred to in (2) above, decreased for the related income tax impact of $11.7 million, a measurement-period adjustment related to the Tax Cuts and Jobs Act of $0.5 million, and rabbi trust income of $0.1 million. | ||||||||||||
| ANSYS, INC. AND SUBSIDIARIES | ||||||||||||
| ASC 606 Reconciliation of Non-GAAP Measures | ||||||||||||
| (Unaudited) | ||||||||||||
| Nine Months Ended | ||||||||||||
| September 30, 2018 | ||||||||||||
| (in thousands, except percentages and per share data) |
GAAP
Results |
Adjustments
|
Non-GAAP
Results | |||||||||
| Total revenue | $ | 878,204 | $ | 6,897 | (1 | ) | $ | 885,101 | ||||
| Operating income | 296,638 | 105,796 | (2 | ) | 402,434 | |||||||
| Operating profit margin | 33.8 | % | 45.5 | % | ||||||||
| Net income | $ | 266,212 | $ | 65,591 | (3 | ) | $ | 331,803 | ||||
| Earnings per share – diluted: | ||||||||||||
| Earnings per share | $ | 3.09 | $ | 3.86 | ||||||||
| Weighted average shares | 86,060 | 86,060 | ||||||||||
| (1) Amount represents the revenue not reported during the period as a result of the acquisition accounting adjustment associated with the accounting for deferred revenue in business combinations. | ||||||||||||
| (2) Amount represents $58.9 million of stock-based compensation expense, $3.8 million of excess payroll taxes related to stock-based awards, $33.8 million of amortization expense associated with intangible assets acquired in business combinations, $2.4 million of transaction expenses related to business combinations and the $6.9 million adjustment to revenue as reflected in (1) above. | ||||||||||||
| (3) Amount represents the impact of the adjustments to operating income referred to in (2) above, decreased for the related income tax impact of $41.0 million and rabbi trust income of $0.1 million, and increased for a measurement-period adjustment related to the Tax Cuts and Jobs Act of $0.9 million. | ||||||||||||
