Altair Announces Second Quarter 2019 Financial Results

(1) Includes an impairment charge for royalty contracts resulting in $0.8 million and $0.9 million of expense for the three months ended June 30, 2019 and 2018, respectively, and $1.0 million and $1.8 million of expense for the six months ended June 30, 2019 and 2018, respectively. Includes a non-recurring adjustment for a change in estimated legal expenses resulting in $2.0 million of income for the six months ended June 30, 2018.
(2) Represents revenue not recognized under GAAP due to acquisition accounting adjustments associated with the accounting for deferred revenue in significant business combinations.

 
The following table provides a reconciliation of Non-GAAP total revenue to total revenue, the most comparable GAAP financial measure:
 
  (Unaudited)
    Three Months Ended June 30,     Six Months Ended June 30,
(in thousands)   2019     2018     2019     2018
Total revenue $106,773  $93,360  $234,632  $206,617
Acquisition related deferred revenue(1)  2,250      4,500   
Non-GAAP total revenue $109,023  $93,360  $239,132  $206,617

(1) Adjustment for revenue not recognized under GAAP due to acquisition accounting adjustments associated with the accounting for deferred revenue in significant business combinations.

 
The following table provides a reconciliation of Non-GAAP total software product revenue to total software product revenue, the most comparable GAAP financial measure:
 
  (Unaudited)
    Three Months Ended June 30,   Six Months Ended June 30,
(in thousands)   2019   2018   2019   2018
Total software product revenue   $ 84,408   $ 70,607   $ 187,699   $ 160,276
Acquisition related deferred revenue (1)     2,250         4,500    
Non-GAAP total software product revenue   $ 86,658   $ 70,607   $ 192,199   $ 160,276

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