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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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June 30, 2010 |
June 30, 2009 |
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| As | Non-GAAP | As | Non-GAAP | |||||||||||||||||||||||||||
| Reported | Adjustments | Results | Reported | Adjustments | Results | |||||||||||||||||||||||||
| Total revenue | $ | 137,767 | $ | 137,767 | $ | 122,026 | $ | 2,189(3 | ) | $ | 124,215 | |||||||||||||||||||
| Operating income | 52,383 | 16,709(1 | ) | 69,092 | 40,660 | $ | 18,147(4 | ) | 58,807 | |||||||||||||||||||||
| Operating profit margin | 38.0 | % | 50.2 | % | 33.3 | % | 47.3 | % | ||||||||||||||||||||||
| Net income | $ | 35,493 | $ | 11,122(2 | ) | $ | 46,615 | $ | 27,137 | $ | 11,734(5 | ) | $ | 38,871 | ||||||||||||||||
| Earnings per share - diluted: | ||||||||||||||||||||||||||||||
| Diluted earnings per share | $ | 0.38 | $ | 0.50 | $ | 0.30 | $ | 0.43 | ||||||||||||||||||||||
| Weighted average shares - diluted | 93,146 | 93,146 | 91,048 | 91,048 | ||||||||||||||||||||||||||
| (1) | Amount represents $12.1 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, as well as a $4.7 million charge for stock-based compensation. | |
| (2) | Amount represents the impact of the adjustments to operating income referred to in (1) above, adjusted for the related income tax impact of $5.6 million. | |
| (3) | 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. | |
| (4) | Amount represents $12.9 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 $3.0 million charge for stock-based compensation, as well as the $2.2 million adjustment to revenue as reflected in (3) above. | |
| (5) | Amount represents the impact of the adjustments to operating income referred to in (4) above, adjusted for the related income tax impact of $6.4 million. | |
