| ANSYS, INC. AND SUBSIDIARIES | |||||||||
| Condensed Consolidated Statements of Income | |||||||||
| (Unaudited) | |||||||||
| Three Months Ended | |||||||||
| (in thousands, except per share data) |
March 31,
2021 |
March 31,
2020 | |||||||
| Revenue: | |||||||||
| Software licenses | $ | 132,604 | $ | 87,830 | |||||
| Maintenance and service | 230,622 | 217,155 | |||||||
| Total revenue | 363,226 | 304,985 | |||||||
| Cost of sales: | |||||||||
| Software licenses | 7,606 | 4,926 | |||||||
| Amortization | 14,949 | 9,552 | |||||||
| Maintenance and service | 39,548 | 35,638 | |||||||
| Total cost of sales | 62,103 | 50,116 | |||||||
| Gross profit | 301,123 | 254,869 | |||||||
| Operating expenses: | |||||||||
| Selling, general and administrative | 146,215 | 130,522 | |||||||
| Research and development | 100,479 | 86,112 | |||||||
| Amortization | 4,407 | 4,162 | |||||||
| Total operating expenses | 251,101 | 220,796 | |||||||
| Operating income | 50,022 | 34,073 | |||||||
| Interest income | 517 | 2,775 | |||||||
| Interest expense | (3,315 | ) | (3,651 | ) | |||||
| Other income, net | 399 | 127 | |||||||
| Income before income tax benefit | 47,623 | 33,324 | |||||||
| Income tax benefit | (24,775 | ) | (12,740 | ) | |||||
| Net income | $ | 72,398 | $ | 46,064 | |||||
| Earnings per share – basic: | |||||||||
| Earnings per share | $ | 0.83 | $ | 0.54 | |||||
| Weighted average shares | 86,808 | 85,798 | |||||||
| Earnings per share – diluted: | |||||||||
| Earnings per share | $ | 0.82 | $ | 0.53 | |||||
| Weighted average shares | 87,986 | 87,369 | |||||||
