Note: The 2008 GAAP and non-GAAP net income and earnings per share data reflected above include approximately $2.0 million, or $0.02 per share, in tax benefits during the fourth quarter of 2008 related to U.S. research and development activities that occurred during the first nine months of 2008. These amounts were recorded in the fourth quarter when the U.S. government approved the related tax credits retroactive to January 1, 2008.

The 2009 GAAP and non-GAAP net income and earnings per share data reflected above include approximately $2.0 million, or $0.02 per share, in tax charges during the fourth quarter of 2009 related to the repatriation of cash from the Company’s international subsidiaries.

ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
(in thousands, except percentages and per share data)
		Twelve Months Ended
		December 31, 2009						December 31, 2008
		As				Non-GAAP		As				Non-GAAP
		Reported		Adjustments		Results		Reported		Adjustments		Results
Total revenue		$516,885		$8,049(1)		$524,934		$478,339		$ 14,625(4)		$492,964
Operating income		183,477		73,254(2)		256,731		169,731		64,515(5)		234,246
Operating profit margin		35.5%				48.9%		35.5%				47.5%
Net income		$116,391		$47,336(3)		$163,727		$111,671		$ 40,734(6)		$152,405
Earnings per share – diluted:
Diluted earnings per share		$ 1.27				$ 1.78		$ 1.29				$ 1.76
Weighted average shares – diluted		91,785				91,785		86,768				86,768

(1)		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.
(2)		Amount represents $52.0 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 $13.2 million charge for stock-based compensation, as well as the $8.0 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 $25.9 million.
(4)		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.
(5)		Amount represents $38.1 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, an $11.8 million charge for stock-based compensation, as well as the $14.6 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 $23.8 million.

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