ANSYS, INC. AND SUBSIDIARIES
ASC 606 Reconciliation of Non-GAAP Measures
(Unaudited)
	Three Months Ended
	June 30, 2018
(in thousands, except percentages and per share data)	GAAP Results				Adjustments			Non-GAAP Results
Total revenue	$	305,913			$	2,948	(1 )	$	308,861
Operating income	108,553				37,556		(2 )	146,109
Operating profit margin	35.5		%					47.3		%
Net income	$	92,596			$	23,250	(3 )	$	115,846
Earnings per share – diluted:
Earnings per share	$	1.08						$	1.35
Weighted average shares	85,986							85,986

(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 $20.6 million of stock-based compensation expense, $0.4 million of excess payroll taxes related to stock-based awards, $12.6 million of amortization expense associated with intangible assets acquired in business combinations, $1.0 million of transaction expenses related to business combinations and the $2.9 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 $14.2 million and rabbi trust income of $0.1 million.

ANSYS, INC. AND SUBSIDIARIES
ASC 606 Reconciliation of Non-GAAP Measures
(Unaudited)
	Six Months Ended
	June 30, 2018
(in thousands, except percentages and per share data)	GAAP Results				Adjustments			Non-GAAP Results
Total revenue	$	588,786			$	3,349	(1 )	$	592,135
Operating income	203,614				69,907		(2 )	273,521
Operating profit margin	34.6		%					46.2		%
Net income	$	176,876			$	42,034	(3 )	$	218,910
Earnings per share – diluted:
Earnings per share	$	2.06						$	2.54
Weighted average shares	86,069							86,069

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