(2) Amount represents $16.9 million of amortization expense associated with intangible assets acquired in business combinations, $8.0 million of stock-based compensation expense, the $840,000 adjustment to revenue as reflected in (1) above and $670,000 of transaction expenses related to the Esterel acquisition.
(3) Amount represents the impact of the adjustments to operating income referred to in (2) above, adjusted for the related income tax impact of $8.6 million.
(4) Amount represents $11.6 million of amortization expense associated with intangible assets acquired in business combinations, $5.3 million of stock-based compensation expense and $1.9 million of transaction expenses related to the Apache acquisition.
(5) Amount represents the impact of the adjustments to operating income referred to in (4) above, adjusted for the related income tax impact of $5.6 million.
ANSYS, INC. AND SUBSIDIARIES Reconciliation of Non-GAAP Measures (Unaudited) (in thousands, except percentages and per share data) | ||||||||
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| Six Months Ended | |||||||
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| June 30, 2012 | June 30, 2011 | ||||||
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| As Reported | Non-GAAP Adjustments | Results | As Reported | Non-GAAP Adjustments | Results | ||
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Total revenue | $380,361 | $ 2,993(1) | $383,354 | $320,305 |
| $320,305 | ||
Operating income | 138,962 | 52,999(2) | 191,961 | 127,087 | $ 35,407(4) | 162,494 | ||
Operating profit margin | 36.5% |
| 50.1% | 39.7% |
| 50.7% | ||
Net income | $ 95,801 | $35,225(3) | $131,026 | $ 87,672 | $24,360(5) | $112,032 | ||
Earnings per share - diluted: |
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Diluted earnings per share | $ 1.01 |
| $ 1.38 | $ 0.93 |
| $ 1.19 | ||
Weighted average shares – diluted | 95,059 |
| 95,059 | 94,179 |
| 94,179 | ||
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