The 2009 GAAP and non-GAAP net income and earnings per share data reflected above include approximately $2.0 million, or $0.02 per share, in tax charges during the fourth quarter of 2009 related to the repatriation of cash from the Company’s international subsidiaries.
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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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Twelve 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 | $516,885 | $8,049(1) | $524,934 | $478,339 | $ 14,625(4) | $492,964 | ||||||
| Operating income | 183,477 | 73,254(2) | 256,731 | 169,731 | 64,515(5) | 234,246 | ||||||
| Operating profit margin | 35.5% | 48.9% | 35.5% | 47.5% | ||||||||
| Net income | $116,391 | $47,336(3) | $163,727 | $111,671 | $ 40,734(6) | $152,405 | ||||||
| Earnings per share – diluted: | ||||||||||||
| Diluted earnings per share | $ 1.27 | $ 1.78 | $ 1.29 | $ 1.76 | ||||||||
| Weighted average shares – diluted | 91,785 | 91,785 | 86,768 | 86,768 | ||||||||
| (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 $52.0 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 $13.2 million charge for stock-based compensation, as well as the $8.0 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 $25.9 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 $38.1 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, an $11.8 million charge for stock-based compensation, as well as the $14.6 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 $23.8 million. |
