ANSYS Reports Record Fourth Quarter And Fiscal Year 2016 Results


ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
 
  Three Months Ended
  December 31, 2016  December 31, 2015
(in thousands, except percentages and per share data) As
Reported
  Adjustments  Non-
GAAP
Results
  As
Reported
  Adjustments  Non-
GAAP
Results
Total revenue$270,628  $  $270,628  $251,647  $360 (3)$252,007 
Operating income96,966  25,124 (1)122,090  96,943  22,780 (4)119,723 
Operating profit margin35.8%   45.1% 38.5%   47.5%
Net income$69,983  $16,141 (2)$86,124  $68,021  $14,396 (5)$82,417 
Earnings per share – diluted:           
Earnings per share$0.80    $0.98  $0.75    $0.91 
Weighted average shares87,811    87,811  90,549    90,549 

(1) Amount represents $12.7 million of amortization expense associated with intangible assets acquired in business combinations, $8.8 million of stock-based compensation expense, $3.4 million of restructuring charges and $0.2 million of transaction expenses related to business combinations.

(2) Amount represents the impact of the adjustments to operating income referred to in (1) above, adjusted for the related income tax impact of $9.0 million.

(3) 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.

(4) Amount represents $14.2 million of amortization expense associated with intangible assets acquired in business combinations, $8.2 million of stock-based compensation expense and the $0.4 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 $8.4 million.

 
ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
  Twelve Months Ended
  December 31, 2016  December 31, 2015
(in thousands, except percentages and per share data) As
Reported
  Adjustments  Non-
GAAP
Results
  As
Reported
  Adjustments  Non-
GAAP
Results
Total revenue $ 988,465     $ 103   (1 ) $ 988,568     $ 942,753     $ 1,725   (4 ) $ 944,478  
Operating income 376,242     88,114   (2 ) 464,356     353,679     94,665   (5 ) 448,344  
Operating profit margin 38.1 %       47.0 %   37.5 %       47.5 %
Net income $ 265,636     $ 57,286   (3 ) $ 322,922     $ 252,521     $ 60,854   (6 ) $ 313,375  
Earnings per share – diluted:                      
Earnings per share $ 2.99         $ 3.63     $ 2.76         $ 3.42  
Weighted average shares 88,969         88,969     91,502         91,502  

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