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)

 
 
Six Months Ended
June 30, 2010     June 30, 2009
As Non-GAAP As Non-GAAP
Reported Adjustments Results Reported Adjustments Results
 
Total revenue $ 273,820 $ 273,820 $ 238,336 $ 7,263(3 ) $ 245,599
 
Operating income 102,006 $ 33,360(1 ) 135,366 75,489 $ 39,228(4 ) 114,717
 
Operating profit margin 37.3 % 49.4 % 31.7 % 46.7 %
 
Net income $ 67,862 $ 22,204(2 ) $ 90,066 $ 48,232 $ 25,139(5 ) $ 73,371
 
Earnings per share - diluted:
Diluted earnings per share $ 0.73 $ 0.97 $ 0.53

 

 

$

0.80

Weighted average shares – diluted 92,960 92,960 91,612

 

 

91,612

 
(1)   Amount represents $24.2 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 $9.2 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 $11.2 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 $25.8 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 $6.1 million charge for stock-based compensation, as well as the $7.3 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 $14.1 million.
 

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