ANSYS, Inc. Reports Continued Growth Momentum in Second Quarter 2010

 
 

ANSYS, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Measures

(Unaudited)

(in thousands, except percentages and per share data)

 
 
   

Three Months Ended

June 30, 2010

   

June 30, 2009

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.
 

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