| (1) Amount represents the revenue not reported during the period as a result of the purchase accounting adjustment associated with EITF 01-3, "Accounting in a Business Combination for Deferred Revenue of an Acquiree." |
| (2) Amount represents $29.9 million of amortization expense associated with intangible assets acquired in business acquisitions, including amounts primarily related to acquired software, customer list and non- compete agreements, an $8.9 million charge for stock-based compensation, as well as the $1.8 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 $14.1 million. |
Note: The GAAP and non-GAAP net income and earnings per share data reflected above include approximately $3 million, or $0.04 per share, in tax benefits during the fourth quarter of 2007, primarily related to (1) reductions in the Company’s accrual related to uncertain tax positions associated with the filing of voluntary disclosure agreements in various state taxing jurisdictions, (2) reductions in the Company’s U.S. net deferred tax liabilities associated with the merger of two U.S. legal entities, (3) a favorable adjustment to the Company’s previous estimate for taxes owed in a foreign jurisdiction as a result of the completion of the related tax filing and (4) reductions in certain deferred tax liabilities in foreign jurisdictions related to prospective income tax rate changes adopted by the foreign jurisdiction.
|
ANSYS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (in thousands) (Unaudited) |
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| December 31, | December 31, | |||
| 2008 | 2007 | |||
| ASSETS: | ||||
| Cash & short-term investments | $ 233,875 | $ 171,851 | ||
| Accounts receivable, net | 61,823 | 48,281 | ||
| Goodwill | 1,048,003 | 453,689 | ||
| Other intangibles, net | 373,398 | 176,850 | ||
| Other assets | 147,415 | 118,621 | ||
| Total assets | $1,864,514 | $ 969,292 | ||
| LIABILITIES & STOCKHOLDERS' EQUITY: | ||||
| Deferred revenue | $ 166,189 | $ 122,799 | ||
| Long-term debt (including current portion) | 279,425 | 60,146 | ||
| Other liabilities | 236,001 | 145,137 | ||
| Stockholders' equity | 1,182,899 | 641,210 | ||
| Total liabilities & stockholders' equity | $1,864,514 | $969,292 | ||
