Reconciliation of Net Income to Adjusted Net Income (in thousands)
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Net Income: Net Income: 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. Reconciliation of Net Income to Adjusted Net Income Reconciliation of Net Income to Adjusted Net Income (in thousands) (in thousands) Add back certain items, net of tax: Add back certain items, net of tax: $ $ 11,752 11,752 $ 26,865 $ 26,865 Three Months Ended Three Months Ended June 24, June 24, 2012 2012 June 30, June 30, 2013 2013 Six Months Ended Six Months Ended June 24, June 24, 2012 2012 June 30, June 30, 2013 2013 $ (989) $ (989) $ 24,778 $ 24,778 Severance charges Severance charges 416 416 640 640 828 828 159 159 Adjusted net income Adjusted net income $ $ 16,134 16,134 $ $ 10,396 10,396 $ $ 13,610 13,610 (1,045) (1,045) Loss (gain) on extinguishment of Loss (gain) on extinguishment of debt debt - 8,102 8,102 (3,847) (3,847) Accelerated depreciation on Accelerated depreciation on equipment equipment 1,089 1,089 2,383 2,383 2,538 2,538 1,338 1,338 Other charges Other charges 4,339 4,339 646 646 5,562 5,562 1,207 1,207 Reversal of interest on tax Reversal of interest on tax items items (4,848) (4,848) (114) (114) (39) (39) (4,848) (4,848) $ $ 11,059 11,059 Gain on sale of Miami Gain on sale of Miami property property (6,35 (6,35 3) 3) - (6,353 (6,353 ) - Certain discrete tax items Certain discrete tax items (70) (70) (6,981) (6,981) 1,090 1,090 (7,046) (7,046)
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Reconciliation of Net Income to Adjusted Net Income (in thousands). Three Months Ended. Six Months Ended. June 24, 2012. June 30, 2013. June 30, 2013. June 24, 2012. $ 11,752. $ 26,865. $ (989). Net Income:. $ 24,778. - PowerPoint PPT Presentation
Transcript of Reconciliation of Net Income to Adjusted Net Income (in thousands)
Net Income:Net Income:
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.
Reconciliation of Net Income to Adjusted Net IncomeReconciliation of Net Income to Adjusted Net Income (in thousands) (in thousands)
Add back certain items, net of tax:Add back certain items, net of tax:
$ 11,752 $ 11,752
$ 26,865 $ 26,865
Three Months EndedThree Months Ended
June 24,June 24, 20122012
June 30, June 30, 20132013
Six Months EndedSix Months Ended
June 24,June 24, 20122012
June 30, June 30, 20132013
$ (989) $ (989) $ 24,778 $ 24,778
Severance chargesSeverance charges 416416 640 640 828 828 159 159
Adjusted net incomeAdjusted net income $ 16,134 $ 16,134
$ 10,396 $ 10,396
$ 13,610 $ 13,610
(1,045) (1,045) Loss (gain) on extinguishment of debtLoss (gain) on extinguishment of debt -- 8,1028,102 (3,847) (3,847)
Accelerated depreciation on equipmentAccelerated depreciation on equipment 1,0891,089 2,383 2,383 2,5382,5381,338 1,338
Other chargesOther charges 4,3394,339 646 646 5,562 5,562 1,207 1,207
Reversal of interest on tax itemsReversal of interest on tax items (4,848) (4,848) (114)(114) (39)(39) (4,848) (4,848)
$ 11,059 $ 11,059
Gain on sale of Miami propertyGain on sale of Miami property (6,353)(6,353) -- (6,353)(6,353) --
Certain discrete tax itemsCertain discrete tax items (70)(70) (6,981)(6,981) 1,0901,090 (7,046)(7,046)
