(2) Amount represents $22.4 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 $6.4 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 $10.7 million.
| ANSYS, INC. AND SUBSIDIARIES | |||||
| Condensed Consolidated Balance Sheets | |||||
| (in thousands) | |||||
| (Unaudited) | |||||
| September 30, | December 31, | ||||
| 2008 | 2007 | ||||
| ASSETS: | |||||
| Cash & short-term investments | $212,374 | $ 171,851 | |||
| Accounts receivable, net | 57,844 | 48,281 | |||
| Goodwill | 1,056,170 | 453,689 | |||
| Other intangibles, net | 383,844 | 176,850 | |||
| Other assets | 130,859 | 118,621 | |||
| Total assets | $ 1,841,091 | $ 969,292 | |||
| LIABILITIES & STOCKHOLDERS' EQUITY: | |||||
| Deferred revenue | $ 147,119 | $ 122,799 | |||
| Long-term debt (including current portion) | 300,244 | 60,146 | |||
| Other liabilities | 231,289 | 145,137 | |||
| Stockholders' equity | 1,162,439 | 641,210 | |||
| Total liabilities & stockholders' equity | $ 1,841,091 | $ 969,292 | |||
