(1) Amount represents $12.7 million of amortization expense associated with intangible assets acquired in business combinations and $8.5 million of stock-based compensation expense.

⁽²⁾ Amount represents the impact of the adjustments to operating income referred to in (1) above, adjusted for the related income tax impact of $7.7 million.
             
⁽³⁾ Amount represents the revenue not reported during the period as a result of the acquisition accounting adjustment associated with the accounting for deferred revenue in business combinations.

⁽⁴⁾ Amount represents $14.8 million of amortization expense associated with intangible assets acquired in business combinations, $9.0 million of stock-based compensation expense, the $0.4 million adjustment to revenue as reflected in (3) above and $0.3 million of transaction expenses related to business combinations.

⁽⁵⁾ Amount represents the impact of the adjustments to operating income referred to in (4) above, adjusted for the related income tax impact of $8.7 million.

ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
(in thousands, except percentages and per share data)
		Six Months Ended
		June 30, 2016							June 30, 2015
		As Reported			Adjustments	Non-GAAP Results			As Reported			Adjustments		Non-GAAP Results
Total revenue		$	471,975		$    103(1)	$	472,078		$	453,266		$     986(4)		$	454,252
Operating income			179,177		41,105(2)		220,282			166,553		47,628(5)			214,181
Operating profit margin			38.0	%			46.7	%		36.7	%				47.2	%
Net income		$	126,096		$26,507(3)	$	152,603		$	118,467		$30,480(6)		$	148,947
Earnings per share - diluted:
Diluted earnings per share		$	1.41			$	1.70		$	1.29				$	1.62
Weighted average shares – diluted			89,694				89,694			91,933					91,933

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