| ANSYS, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||
| Reconciliation of Non-GAAP Measures | |||||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||||
| Three Months Ended | |||||||||||||||||||||||||
| March 31, 2017 | March 31, 2016 | ||||||||||||||||||||||||
| (in thousands, except percentages and per share data) |
As
Reported | Adjustments |
Non-GAAP
Results |
As
Reported | Adjustments |
Non-GAAP
Results | |||||||||||||||||||
| Total revenue | $ | 253,405 | $ | 143 | (1 | ) | $ | 253,548 | $ | 225,906 | $ | 103 | (4 | ) | $ | 226,009 | |||||||||
| Operating income | 85,472 | 32,111 | (2 | ) | 117,583 | 85,022 | 19,850 | (5 | ) | 104,872 | |||||||||||||||
| Operating profit margin | 33.7 | % | 46.4 | % | 37.6 | % | 46.4 | % | |||||||||||||||||
| Net income | $ | 63,306 | $ | 14,183 | (3 | ) | $ | 77,489 | $ | 56,468 | $ | 12,965 | (6 | ) | $ | 69,433 | |||||||||
| Earnings per share – diluted: | |||||||||||||||||||||||||
| Earnings per share | $ | 0.73 | $ | 0.89 | $ | 0.63 | $ | 0.77 | |||||||||||||||||
| Weighted average shares | 87,224 | 87,224 | 90,084 | 90,084 | |||||||||||||||||||||
(1) 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.
(2) Amount represents $12.0 million of amortization expense associated with intangible assets acquired in business combinations, $10.5 million of stock-based compensation expense, $9.3 million of restructuring charges, $0.1 million of transaction expenses related to business combinations and the $0.1 million 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 $17.9 million.
(4) 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.
(5) Amount represents $12.7 million of amortization expense associated with intangible assets acquired in business combinations, $7.1 million of stock-based compensation expense and the $0.1 million adjustment to revenue as 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 $6.9 million.
| ANSYS, INC. AND SUBSIDIARIES | |
| Reconciliation of Forward-Looking Guidance | |
| Quarter Ending June 30, 2017 | |
|
Earnings Per Share
Range - Diluted | |
| U.S. GAAP expectation | $0.66 - $0.76 |
| Adjustment to exclude acquisition-related amortization | $0.09 - $0.10 |
| Adjustment to exclude stock-based compensation | $0.07 - $0.09 |
| Adjustment to exclude restructuring charges | $0.01 - $0.03 |
| Non-GAAP expectation | $0.88 - $0.93 |
| ANSYS, INC. AND SUBSIDIARIES | ||
| Reconciliation of Forward-Looking Guidance | ||
| Year Ending December 31, 2017 | ||
|
Earnings Per Share
Range - Diluted | ||
| U.S. GAAP expectation | $2.91 - $3.17 | |
| Adjustment to exclude acquisition adjustments to deferred revenue | $0.01 | |
| Adjustment to exclude acquisition-related amortization | $0.35 - $0.37 | |
| Adjustment to exclude stock-based compensation | $0.24 - $0.28 | |
| Adjustment to exclude restructuring charges | $0.08 - $0.11 | |
| Non-GAAP expectation | $3.68 - $3.85 | |
