|
ANSYS, INC. AND SUBSIDIARIES |
|||||||
| Reconciliation of Non-GAAP Measures | |||||||
| For the three months ended June 30, 2008 | |||||||
| (in thousands, except percentages and per share data) | |||||||
| (Unaudited) | |||||||
|
As Reported |
Adjustments |
Non-GAAP Results | |||||
| Total revenue | $ 111,246 | $ 111,246 | |||||
| Operating income | 43,854 | $ 9,999 | (1) | 53,853 | |||
| Operating profit margin | 39.4% | 48.4% | |||||
| Net income | $ 28,129 | $ 6,575 | (2) | $ 34,704 | |||
| Earnings per share – diluted: | |||||||
| Diluted earnings per share | $ 0.34 | $ 0.42 | |||||
| Weighted average shares – diluted | 82,083 | 82,083 | |||||
| (1) | Amount represents $6.8 million of amortization expense associated with intangible assets acquired in business acquisitions, including amounts primarily related to acquired software, customer list and non-compete agreements, and a $3.2 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 $3.4 million. |
|
ANSYS, INC. AND SUBSIDIARIES |
|||||||
| Reconciliation of Non-GAAP Measures | |||||||
| For the three months ended June 30, 2007 | |||||||
| (in thousands, except per share data) | |||||||
| (Unaudited) | |||||||
|
As Reported |
Adjustments |
Non-GAAP Results | |||||
| Total revenue | $ 92,211 | $ 69 | (1) | $ 92,280 | |||
| Operating income | 30,396 | 9,671 | (2) | 40,067 | |||
| Operating profit margin | 33.0% | 43.4% | |||||
| Net income | $18,256 | $ 6,365 | (3) | $ 24,621 | |||
| Earnings per share – diluted: | |||||||
| Diluted earnings per share | $ 0.23 | $ 0.30 | |||||
| Weighted average shares – diluted | 80,886 | 80,886 | |||||
|
(1) |
Amount represents the revenue not reported during the period as a result of the purchase accounting adjustment associated with EITF 01-3, "Accounting in a Business Combination for Deferred Revenue of an Acquiree." | |
| (2) | Amount represents $7.5 million of amortization expense associated with intangible assets acquired in business acquisitions, including amounts primarily related to acquired software, customer list and non-compete agreements, a $2.1 million charge for stock-based compensation, as well as the $69,000 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 $3.3 million. |
