|
Three Months Ended |
|
Six Months Ended |
||||||||||||
|
June 30, |
|
June 30, |
||||||||||||
|
2022 |
|
2021 |
|
2022 |
|
2021 |
||||||||
Net income |
$ |
55,673 |
|
|
$ |
45,627 |
|
|
$ |
112,061 |
|
|
$ |
102,633 |
|
Non-GAAP adjustments, prior to income taxes: |
|
|
|
|
|
|
|
||||||||
Amortization of purchased intangibles and developed technologies |
|
13,671 |
|
|
|
5,781 |
|
|
|
26,599 |
|
|
|
10,464 |
|
Stock-based compensation |
|
17,395 |
|
|
|
11,685 |
|
|
|
32,348 |
|
|
|
20,598 |
|
Deferred compensation plan |
|
(12,159 |
) |
|
|
195 |
|
|
|
(17,297 |
) |
|
|
362 |
|
Acquisition expenses |
|
3,856 |
|
|
|
13,954 |
|
|
|
17,853 |
|
|
|
23,210 |
|
| Realignment expenses |
|
3,194 |
|
|
|
— |
|
|
|
3,194 |
|
|
|
— |
|
| Other (income) expense, net |
|
(3,497 |
) |
|
|
3,777 |
|
|
|
(14,138 |
) |
|
|
(10,705 |
) |
| Total non-GAAP adjustments, prior to income taxes |
|
22,460 |
|
|
|
35,392 |
|
|
|
48,559 |
|
|
|
43,929 |
|
| Income tax effect of non-GAAP adjustments |
|
(4,918 |
) |
|
|
(8,385 |
) |
|
|
(8,421 |
) |
|
|
(10,244 |
) |
| Loss from investment accounted for using the equity method, net of tax |
|
593 |
|
|
|
1,829 |
|
|
|
1,165 |
|
|
|
2,275 |
|
| Adjusted Net Income |
$ |
73,808 |
|
|
$ |
74,463 |
|
|
$ |
153,364 |
|
|
$ |
138,593 |
|
Bentley Systems Announces Operating Results for the Second Quarter of 2022
 |  | More GIS News
|
|
Reconciliation of net income to Adjusted Net Income:
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