|
ANSYS, INC. AND SUBSIDIARIES |
|||||||
| Reconciliation of Non-GAAP Measures | |||||||
| For the six months ended June 30, 2008 | |||||||
| (in thousands, except percentages and per share data) | |||||||
| (Unaudited) | |||||||
|
As Reported |
Adjustments |
Non-GAAP Results | |||||
| Total revenue | $ 220,791 | $ 220,791 | |||||
| Operating income | 85,655 | $ 19,997 | (1) | 105,652 | |||
| Operating profit margin | 38.8% | 47.9% | |||||
| Net income | $ 53,983 | $ 13,186 | (2) | $ 67,169 | |||
| Earnings per share – diluted: | |||||||
| Diluted earnings per share | $ 0.66 | $ 0.82 | |||||
| Weighted average shares – diluted | 81,863 | 81,863 | |||||
| (1) | Amount represents $14.1 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 $5.9 million charge for stock-based compensation. | |
| (2) | Amount represents the impact of the adjustments to operating income referred to in (2) above, adjusted for the related income tax impact of $6.8 million. |
|
ANSYS, INC. AND SUBSIDIARIES |
|||||||
| Reconciliation of Non-GAAP Measures | |||||||
| For the six months ended June 30, 2007 | |||||||
| (in thousands, except per share data) | |||||||
| (Unaudited) | |||||||
|
As Reported |
Adjustments |
Non-GAAP Results | |||||
| Total revenue | $ 180,070 | $ 1,829 | (1) | $ 181,899 | |||
| Operating income | 57,217 | 21,013 | (2) | 78,230 | |||
| Operating profit margin | 31.8% | 43.0% | |||||
| Net income | $ 34,407 | $ 13,667 | (3) | $ 48,074 | |||
| Earnings per share – diluted: | |||||||
| Diluted earnings per share | $ 0.43 | $ 0.59 | |||||
| Weighted average shares – diluted | 80,809 | 80,809 | |||||
| (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 $14.9 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 $4.3 million charge for stock-based compensation, as well as the $1.8 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 $7.3 million. |
