(2) Amount represents $13.5 million of amortization expense associated with intangible assets acquired in business acquisitions, $6.1 million of stock-based compensation expense, the $4.9 million adjustment to revenue as reflected in (1) above and $0.2 million of transaction expenses related to the Apache 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 $8.1 million.
(4) Amount represents $12.2 million of amortization expense associated with intangible assets acquired in business acquisitions and a $4.7 million charge for stock-based compensation.
(5) Amount represents the impact of the adjustments to operating income referred to in (4) above, adjusted for the related income tax impact of $5.7 million.
ANSYS, INC. AND SUBSIDIARIES | |||||||||||||
Reconciliation of Non-GAAP Measures | |||||||||||||
(Unaudited) | |||||||||||||
(in thousands, except percentages and per share data) | |||||||||||||
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| Nine Months Ended | ||||||||||||
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| September 30, 2011 |
| September 30, 2010 | ||||||||||
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| As | Non-GAAP |
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| As | Non-GAAP |
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| Reported | Adjustments | Results |
| Reported | Adjustments | Results | ||||||
Total revenue | $493,240 | $ 4,925(1) | $498,165 |
| $413,663 |
| $413,663 | ||||||
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Operating income | 192,416 | $60,072(2) | 252,488 |
| 153,883 | $50,320(4) | 204,203 | ||||||
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Operating profit margin | 39.0% |
| 50.7% |
| 37.2% |
| 49.4% | ||||||
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Net income | $133,218 | $40,917(3) | $174,135 |
| $103,992 | $33,498(5) | $137,490 | ||||||
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| Earnings per share - diluted: |
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| Diluted earnings per share | $ 1.41 |
| $ 1.85 |
| $ 1.12 |
| $ 1.48 | ||||||
| Weighted average shares - diluted | 94,268 |
| 94,268 |
| 93,044 |
| 93,044 | ||||||
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