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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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| Six Months Ended | ||||||||||||||||||||||||||||||
| June 30, 2010 | June 30, 2009 | |||||||||||||||||||||||||||||
| As | Non-GAAP | As | Non-GAAP | |||||||||||||||||||||||||||
| Reported | Adjustments | Results | Reported | Adjustments | Results | |||||||||||||||||||||||||
| Total revenue | $ | 273,820 | $ | 273,820 | $ | 238,336 | $ | 7,263(3 | ) | $ | 245,599 | |||||||||||||||||||
| Operating income | 102,006 | $ | 33,360(1 | ) | 135,366 | 75,489 | $ | 39,228(4 | ) | 114,717 | ||||||||||||||||||||
| Operating profit margin | 37.3 | % | 49.4 | % | 31.7 | % | 46.7 | % | ||||||||||||||||||||||
| Net income | $ | 67,862 | $ | 22,204(2 | ) | $ | 90,066 | $ | 48,232 | $ | 25,139(5 | ) | $ | 73,371 | ||||||||||||||||
| Earnings per share - diluted: | ||||||||||||||||||||||||||||||
| Diluted earnings per share | $ | 0.73 | $ | 0.97 | $ | 0.53 |
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$ |
0.80 |
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| Weighted average shares – diluted | 92,960 | 92,960 | 91,612 |
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91,612 |
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| (1) | Amount represents $24.2 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 $9.2 million charge for stock-based compensation. | |
| (2) | Amount represents the impact of the adjustments to operating income referred to in (1) above, adjusted for the related income tax impact of $11.2 million. | |
| (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 $25.8 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 $6.1 million charge for stock-based compensation, as well as the $7.3 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 $14.1 million. | |
