| ANSYS, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||
| Reconciliation of Non-GAAP Measures | |||||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||||
| Three Months Ended | |||||||||||||||||||||||||
| September 30, 2017 | September 30, 2016 | ||||||||||||||||||||||||
| (in thousands, except percentages and per share data) |
As
Reported | Adjustments |
Non-
GAAP Results |
As
Reported | Adjustments |
Non-
GAAP Results | |||||||||||||||||||
| Total revenue | $ | 275,585 | $ | 1,181 | (1 ) | $ | 276,766 | $ | 245,862 | $ | — | $ | 245,862 | ||||||||||||
| Operating income | 106,183 | 28,711 | (2 ) | 134,894 | 100,099 | 21,885 | (4) | 121,984 | |||||||||||||||||
| Operating profit margin | 38.5 | % | 48.7 | % | 40.7 | % | 49.6 | % | |||||||||||||||||
| Net income | $ | 73,630 | $ | 17,638 | (3 ) | $ | 91,268 | $ | 69,557 | $ | 14,638 | (5) | $ | 84,195 | |||||||||||
| Earnings per share – diluted: | |||||||||||||||||||||||||
| Earnings per share | $ | 0.85 | $ | 1.05 | $ | 0.78 | $ | 0.95 | |||||||||||||||||
| Weighted average shares | 86,588 | 86,588 | 88,676 | 88,676 | |||||||||||||||||||||
(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 $14.8 million of stock-based compensation expense, $12.3 million of amortization expense associated with intangible assets acquired in business combinations, $0.5 million of restructuring charges and the $1.2 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, adjusted for the related income tax impact of $11.0 million and rabbi trust income of $0.1 million.
(4) Amount represents $12.7 million of amortization expense associated with intangible assets acquired in business combinations, $9.0 million of stock-based compensation expense and $0.2 million of transaction expenses related to business combinations.
(5) Amount represents the impact of the adjustments to operating income referred to in (4) above, adjusted for the related income tax impact of $7.2 million.
| ANSYS, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||
| Reconciliation of Non-GAAP Measures | |||||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||||
| Nine Months Ended | |||||||||||||||||||||||||
| September 30, 2017 | September 30, 2016 | ||||||||||||||||||||||||
| (in thousands, except percentages and per share data) |
As
Reported | Adjustments |
Non-
GAAP Results |
As
Reported | Adjustments |
Non-
GAAP Results | |||||||||||||||||||
| Total revenue | $ | 792,914 | $ | 1,748 | (1 ) | $ | 794,662 | $ | 717,837 | $ | 103 | (4) | $ | 717,940 | |||||||||||
| Operating income | 290,049 | 89,985 | (2 ) | 380,034 | 279,276 | 62,990 | (5) | 342,266 | |||||||||||||||||
| Operating profit margin | 36.6 | % | 47.8 | % | 38.9 | % | 47.7 | % | |||||||||||||||||
| Net income | $ | 206,666 | $ | 48,480 | (3 ) | $ | 255,146 | $ | 195,653 | $ | 41,145 | (6) | $ | 236,798 | |||||||||||
| Earnings per share – diluted: | |||||||||||||||||||||||||
| Earnings per share | $ | 2.38 | $ | 2.94 | $ | 2.19 | $ | 2.65 | |||||||||||||||||
| Weighted average shares | 86,902 | 86,902 | 89,355 | 89,355 | |||||||||||||||||||||
