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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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Three Months Ended |
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December 31, 2009 |
December 31, 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 | $150,362 | $ 219(1) | $150,581 | $135,301 | $ 8,027(4) | $143,328 | ||||||
| Operating income | 60,356 | 17,250(2) | 77,606 | 45,780 | 24,094(5) | 69,874 | ||||||
| Operating profit margin | 40.1% | 51.5% | 33.8% | 48.8% | ||||||||
| Net income | $37,630 | $11,312(3) | $48,942 | $ 31,913 | $14,645(6) | $ 46,558 | ||||||
| Earnings per share - diluted: | ||||||||||||
| Diluted earnings per share | $ 0.41 | $ 0.53 | $ 0.34 | $ 0.50 | ||||||||
| Weighted average shares - diluted | 92,277 | 92,277 | 93,230 | 93,230 | ||||||||
| (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 $13.1 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 $3.9 million charge for stock-based compensation, as well as the $219,000 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 $5.9 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 $13.0 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 $3.1 million charge for stock-based compensation, as well as the $8.0 million adjustment to revenue 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 $9.4 million. |
