Altair Announces Third Quarter 2019 Financial Results


(1) Includes a) nonrecurring severance expenses of $0.4 million and nonrecurring acquisition related costs of $0.6 million, for both the three and nine months ended September 30, 2019, and b) impairment charges for royalty contracts resulting in $1.0 million of expense for the nine months ended September 30, 2019. 
 Includes a) a gain on the sale of a building of $4.4 million for the three and nine months ended September 30, 2018, b) impairment charges for royalty contracts and trade names resulting in $0.8 million and $2.6 million of expense for the three and nine months ended September 30, 2018, respectively, and c) a non-recurring adjustment for a change in estimated legal expenses resulting in $2.0 million of income for the nine months ended September 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
September 30,
    Nine Months Ended
September 30,
 
(in thousands)   2019     2018     2019     2018  
Total revenue $100,406  $86,751  $335,038  $293,368 
Acquisition related deferred revenue (1)  2,250      6,750    
Non-GAAP total revenue $102,656  $86,751     $ 341,788     $ 293,368  

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