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ANSYS, INC. AND SUBSIDIARIES |
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Reconciliation of Non-GAAP Measures |
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(Unaudited) |
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(in thousands, except percentages and per share data) |
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Nine Months Ended |
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September 30, 2009 |
September 30, 2008 |
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As |
Non-GAAP |
As |
Non-GAAP |
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Reported |
Adjustments |
Results |
Reported |
Adjustments |
Results |
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| Total revenue | $ | 366,523 | $ | 7,830(1) | $ | 374,353 | $ | 343,038 | $ | 6,598(4) | $ | 349,636 | ||||||||
| Operating income | 123,121 | $ | 56,004(2) | 179,125 | 123,951 | $ | 40,421(5) | 164,372 | ||||||||||||
| Operating profit margin | 33.6% | 47.8% | 36.1% | 47.0% | ||||||||||||||||
| Net income | $ | 78,761 | $ | 36,024(3) | $ | 114,785 | $ | 79,758 | $ | 26,089(6) | $ | 105,847 | ||||||||
| Earnings per share - diluted: | ||||||||||||||||||||
| Diluted earnings per share | $ | 0.86 | $ | 1.25 | $ | 0.94 | $ | 1.25 | ||||||||||||
| Weighted average shares - diluted | 91,621 | 91,621 | 84,614 | 84,614 | ||||||||||||||||
| (1) | Amount represents the revenue not reported during the period as a result of the purchase accounting adjustment associated with accounting for deferred revenue in business combinations. | |
| (2) | Amount represents $38.9 million of amortization expense associated with intangible assets acquired in business acquisitions, including amounts primarily related to acquired software, customer list, trademarks and non-compete agreements, a $9.3 million charge for stock-based compensation, as well as the $7.8 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 $20.0 million. | |
| (4) | Amount represents the revenue not reported during the period as a result of the purchase accounting adjustment associated with accounting for deferred revenue in business combinations. | |
| (5) | Amount represents $25.1 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, an $8.7 million charge for stock-based compensation, as well as the $6.6 million adjustment to revenue as reflected in (4) above. | |
| (6) | Amount represents the impact of the adjustments to operating income referred to in (5) above, adjusted for the related income tax impact of $14.3 million. | |
