Reconciliation of Net Income to Adjusted Net Income (in thousands)

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Net Income (Loss): Net Income (Loss): 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: $ $ (30,015) (30,015) $ 42,005 $ 42,005 Three Months Ended Three Months Ended Dec. 25, Dec. 25, 2011 2011 Dec. 30, Dec. 30, 2012 2012 Year Ended Year Ended Dec 25, Dec 25, 2011 2011 Dec. 30, Dec. 30, 2012 2012 $ (144) $ (144) $ 54,389 $ 54,389 estructuring related compensation charges estructuring related compensation charges 583 583 2,896 2,896 8,547 8,547 367 367 Adjusted net income Adjusted net income $ $ 43,207 43,207 $ $ 56,443 56,443 $ $ 60,138 60,138 Certain discrete tax items Certain discrete tax items (2,968) (2,968) (1,371) (1,371) (10,014) (10,014) (9,769) (9,769) (796) (796) Loss (gain) on extinguishment of Loss (gain) on extinguishment of debt debt 59,95 59,95 6 56,10 56,10 8 748 748 Gain on sale of internet asset Gain on sale of internet asset - - - (1,182 (1,182 ) - - (221) (221) Reversal of interest on tax Reversal of interest on tax items items (2,969 (2,969 ) ) (5,069) (5,069) (219) (219) Accelerated depreciation on equipment Accelerated depreciation on equipment 1,350 1,350 740 740 5,299 5,299 740 740 Non-cash impairments Non-cash impairments 1,928 1,928 - - 9,081 9,081 $ $ 33,803 33,803 Other restructuring charges Other restructuring charges 821 821 55 55 3 3,07 3,07 0 553 553 mpairment recorded by minority owned company mpairment recorded by minority owned company 4,297 4,297 - 4,297 4,297 -

description

Reconciliation of Net Income to Adjusted Net Income (in thousands). Three Months Ended. Year Ended. Dec. 30, 2012. Dec. 25, 2011. Dec. 30, 2012. Dec 25, 2011. $ (30,015). $ 42,005. $ (144). Net Income (Loss):. $ 54,389. - PowerPoint PPT Presentation

Transcript of Reconciliation of Net Income to Adjusted Net Income (in thousands)

Page 1: Reconciliation of Net Income to Adjusted Net Income  (in thousands)

Net Income (Loss):Net Income (Loss):

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:

$ (30,015) $ (30,015)

$ 42,005 $ 42,005

Three Months EndedThree Months EndedDec. 25,Dec. 25,

20112011Dec. 30, Dec. 30,

20122012

Year EndedYear EndedDec 25,Dec 25, 20112011

Dec. 30, Dec. 30, 20122012

$ (144) $ (144) $ 54,389 $ 54,389

Restructuring related compensation chargesRestructuring related compensation charges 583583 2,896 2,896 8,547 8,547 367 367

Adjusted net incomeAdjusted net income $ 43,207 $ 43,207

$ 56,443 $ 56,443

$ 60,138 $ 60,138

Certain discrete tax itemsCertain discrete tax items (2,968)(2,968) (1,371) (1,371) (10,014)(10,014) (9,769) (9,769)

(796) (796) Loss (gain) on extinguishment of debtLoss (gain) on extinguishment of debt 59,95659,956 56,10856,108 748 748

Gain on sale of internet assetGain on sale of internet asset -- - - (1,182)(1,182)- -

(221)(221)Reversal of interest on tax itemsReversal of interest on tax items (2,969) (2,969) (5,069)(5,069)(219) (219)

Accelerated depreciation on equipmentAccelerated depreciation on equipment 1,3501,350 740 740 5,299 5,299 740 740

Non-cash impairmentsNon-cash impairments 1,928 1,928 -- -- 9,081 9,081

$ 33,803 $ 33,803

Other restructuring chargesOther restructuring charges 821821 553553 3,0703,070 553553

Impairment recorded by minority owned companyImpairment recorded by minority owned company 4,2974,297 -- 4,2974,297 --