net income from continuing operations

Net income from continuing operations Net income from continuing operations $ 15,789 $ 15,789 $ 33,190 $ 33,190 $ 33,571 $ 33,571 $ 57,992 $ 57,992 Restructuring related charges Restructuring related charges Non-GAAP measures should not be considered a substitute for GAAP measures. However, adjusted income from continuing operations provides meaningful supplemental information about the company’s underlying results of operations, and management believes it assists investors and financial analysts in analyzing and forecasting future periods. ertain discrete tax items ertain discrete tax items Adjusted income from continuing operations Adjusted income from continuing operations Diluted earnings per share: Diluted earnings per share: $ 0.39 $ 0.39 $ $ 0.68 0.68 Adjusted income from continuing Adjusted income from continuing operations operations 1,881 1,881 6,086 6,086 Income from continuing operations Income from continuing operations $ $ 0.18 0.18 $ $ 0.39 0.39 (2,787) (2,787) (6,408) (6,408) Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of Net Income to Adjusted Net Income Reconciliation of Net Income to Adjusted Net Income (in thousands, except per share amounts) (in thousands, except per share amounts) Accelerated depreciation on Accelerated depreciation on equipment equipment 3,676 3,676 $ 32,384 $ 32,384 $ 49,644 $ 49,644 1,596 1,596 (4,797) (4,797) $ 60,264 $ 60,264 Impairment related charges Impairment related charges 15,331 15,331 15,331 15,331 17,834 17,834 17,834 17,834 Loss (gain) on extinguishment of Loss (gain) on extinguishment of debt debt 1,979 1,979 6,713 6,713 20 20 (27,780) (27,780) $ 60,613 $ 60,613 15,672 15,672 (7,061) (7,061) 5,794 5,794 $ 0.59 $ 0.59 $ $ 0.38 0.38 $ $ 0.72 0.72 $ $ 0.72 0.72 1,583 1,583 - back certain items, net of tax: back certain items, net of tax: Reversal of interest on tax items Reversal of interest on tax items (657) (657) (3,839) (3,839) (205 (205 ) 3,839 3,839 Impact of revised projected annual tax Impact of revised projected annual tax rate rate - - - 6,442 6,442 Other Other 61 61 (271) (271) - 4 December 27, December 27, 2009 2009 December 26, December 26, 2010 2010 December 27, December 27, 2009 2009 December 26, December 26, 2010 2010 Three Months Ended Three Months Ended Year Ended Year Ended

Upload: erica-hardin

Post on 30-Dec-2015

28 views

Category:

Documents

5 download

Report

Download

Embed Size (px):

DESCRIPTION

Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of Net Income to Adjusted Net Income (in thousands, except per share amounts). Three Months Ended. Year Ended. December 26, 2010. December 26, 2010. December 27, 2009. December 27, 2009. $ 33,190. $ 60,264. - PowerPoint PPT Presentation

TRANSCRIPT

Page 1: Net income from continuing operations

Net income from continuing operationsNet income from continuing operations $ 15,789$ 15,789 $ 33,190$ 33,190

$ 33,571$ 33,571 $ 57,992 $ 57,992

Restructuring related chargesRestructuring related charges

Non-GAAP measures should not be considered a substitute for GAAP measures. However, adjusted income from continuing operations provides meaningful supplemental information about the company’s underlying results of operations, and management believes it assists investors and financial analysts in analyzing and forecasting future periods.

Certain discrete tax itemsCertain discrete tax items

Adjusted income from continuing operationsAdjusted income from continuing operations

Diluted earnings per share:Diluted earnings per share:

$ 0.39$ 0.39 $ 0.68$ 0.68Adjusted income from continuing operationsAdjusted income from continuing operations

1,8811,881 6,0866,086

Income from continuing operationsIncome from continuing operations $ 0.18$ 0.18 $ 0.39$ 0.39

(2,787)(2,787) (6,408)(6,408)

Reconciliation of GAAP Measures to Non-GAAP AmountsReconciliation of GAAP Measures to Non-GAAP AmountsReconciliation of Net Income to Adjusted Net IncomeReconciliation of Net Income to Adjusted Net Income

(in thousands, except per share amounts)(in thousands, except per share amounts)

Accelerated depreciation on equipmentAccelerated depreciation on equipment 3,6763,676

$ 32,384$ 32,384

$ 49,644$ 49,644

1,5961,596

(4,797)(4,797)

$ 60,264$ 60,264

Impairment related chargesImpairment related charges 15,33115,331 15,33115,33117,83417,834 17,83417,834

Loss (gain) on extinguishment of debtLoss (gain) on extinguishment of debt1,9791,979 6,7136,7132020 (27,780)(27,780)

$ 60,613$ 60,613

15,67215,672

(7,061)(7,061)