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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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September 30, 2009 |
September 30, 2008 |
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As |
Non-GAAP |
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As |
Non-GAAP |
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Reported |
Adjustments |
Results |
Reported |
Adjustments |
Results |
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| Total revenue | $ | 128,187 | $ | 567(1) | $ | 128,754 | $ | 122,247 | $ | 6,598(4) | $ | 128,845 | ||||||||
| Operating income | 47,632 | 16,777(2) | 64,409 | 38,296 | $ | 20,424(5) | 58,720 | |||||||||||||
| Operating profit margin | 37.2% | 50.0% | 31.3% | 45.6% | ||||||||||||||||
| Net income | $ | 30,529 | $ | 10,884(3) | $ | 41,413 | $ | 25,775 | $ | 12,903(6) | $ | 38,678 | ||||||||
| Earnings per share - diluted: | ||||||||||||||||||||
| Diluted earnings per share | $ | 0.33 | $ | 0.45 | $ | 0.29 | $ | 0.43 | ||||||||||||
| Weighted average shares - diluted | 91,640 | 91,640 | 90,117 | 90,117 | ||||||||||||||||
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(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 $13.0 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 $3.2 million charge for stock-based compensation, as well as the $567,000 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 $11.0 million of amortization expense associated with intangible assets acquired in business acquisitions, including amounts primarily related to acquired software, customer list and non-compete agreements, a $2.8 million charge for stock-based compensation, as well as the $6.6 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 $7.5 million. | |
