0000000000-18-026701.txt : 20181114 0000000000-18-026701.hdr.sgml : 20181114 20180828112338 ACCESSION NUMBER: 0000000000-18-026701 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180828 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: ANSYS INC CENTRAL INDEX KEY: 0001013462 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 043219960 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 2600 ANSYS DRIVE, SOUTHPOINTE CITY: CANONSBURG STATE: PA ZIP: 15317 BUSINESS PHONE: 8444626797 MAIL ADDRESS: STREET 1: 2600 ANSYS DRIVE, SOUTHPOINTE CITY: CANONSBURG STATE: PA ZIP: 15317 PUBLIC REFERENCE ACCESSION NUMBER: 0001013462-18-000004 LETTER 1 filename1.pdf begin 644 filename1.pdf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Shields Chief Financial Officer ANSYS Inc. 2600 ANSYS Drive Canonsburg, PA 15317 Re: ANSYS Inc. Form 10-K for the Fiscal Year Ended December 31, 2017 Filed February 22, 2018 Form 10-Q for the Quarterly Period Ended March 31, 2018 Filed May 3, 2018 File No. 000-20853 Dear Ms. Shields: We have limited our review of your filings to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-Q for the Quarterly Period Ended March 31, 2018 Notes to Condensed Consolidated Financial Statements Note 3. Revenue from Contracts with Customers, page 9 1. You disclose that you apply a practical expedient to expense sales commissions as incurred when the amortization period would have been one year or less. Please tell us whether sales commissions are earned on contract renewals and if so, how you considered those in determining the amortization period. 2. You disclose that certain sales commissions associated with multi-year contracts are subject to an employee service requirement and are expensed as incurred as they are not Maria T. Shields ANSYS Inc. August 28, 2018 Page 2 considered incremental costs to obtain a contract. Please tell us the nature of the service requirement and how it impacted your consideration in accounting for these sales commissions. Also, tell us whether sales commissions are earned on multi-year contracts that are not subject to an employee service requirement and, if so, how you account for such commissions. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact David Edgar, Staff Accountant, at (202) 551-3459 or Melissa Kindelan, Staff Accountant, at (202) 551-3564 if you have questions regarding comments on the financial statements and related matters. Please contact me at (202) 551-3226 with any other questions. Sincerely, /s/ Craig D. Wilson Craig D. Wilson Senior Assistant Chief Accountant Office of Information Technologies and Services