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ANSYS, INC. AND SUBSIDIARIES |
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Reconciliation of Non-GAAP Measures |
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(Unaudited) |
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(in thousands, except percentages and per share data) |
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Three Months Ended |
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March 31, 2010 |
March 31, 2009 |
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As
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Adjustments |
Non-GAAP
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As
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Adjustments |
Non-GAAP
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| Total revenue | $ | 136,053 | $ | 136,053 | $ | 116,310 | $ | 5,074(3 | ) | 121,384 | ||||||||||||||
| Operating income | 49,623 | $ | 16,651(1 | ) | 66,274 | 34,829 | $ | 21,081(4 | ) | 55,910 | ||||||||||||||
| Operating profit margin | 36.5 | % | 48.7 | % | 29.9 | % | 46.1 | % | ||||||||||||||||
| Net income | $ | 32,369 | $ | 11,082(2 | ) | $ | 43,451 | $ | 21,095 | $ | 13,405(5 | ) | $ | 34,500 | ||||||||||
| Earnings per share - diluted: | ||||||||||||||||||||||||
| Diluted earnings per share | $ | 0.35 | $ | 0.47 | $ | 0.23 | $ | 0.37 | ||||||||||||||||
| Weighted average shares - diluted | 92,774 | 92,774 | 92,175 | 92,175 | ||||||||||||||||||||
| (1) | Amount represents $12.1 million of amortization expense associated with intangible assets acquired in business acquisitions, including amounts primarily related to acquired software, customer list, trademarks and non-compete agreements, as well as a $4.5 million charge for stock-based compensation. | ||
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Amount represents the impact of the adjustments to operating income referred to in (1) above, adjusted for the related income tax impact of $5.6 million. |
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| (3) | Amount represents the revenue not reported during the period as a result of the purchase accounting adjustment associated with accounting for deferred revenue in business combinations. | ||
| (4) | Amount represents $12.9 million of amortization expense associated with intangible assets acquired in business acquisitions, including amounts primarily related to acquired software, customer list, trademarks and non-compete agreements, a $3.1 million charge for stock-based compensation, as well as the $5.1 million adjustment to revenue as reflected in (3) above. | ||
| (5) | Amount represents the impact of the adjustments to operating income referred to in (4) above, adjusted for the related income tax impact of $7.7 million. | ||
