This excerpt taken from the ABII 8-K filed May 15, 2008.
(Unaudited, in thousands, except per share amounts)
Adjusted net income and adjusted net income per share are defined as net income and net income per share, respectively, in each case excluding the impact of non-cash stock compensation expense, amortization of acquired intangible assets, and Phoenix pre-launch costs. We believe that our presentation of non-GAAP financial measures provides useful supplementary information to investors in understanding our underlying operating performance and facilitates additional analysis by investors. We also use non-GAAP financial measures internally for operating, budgeting and financial planning purposes. The non-GAAP financial measures are in addition to, and not a substitute for or superior to, measures of financial performance calculated in accordance with GAAP. Reconciliation of net income and net income per share to adjusted net income and adjusted net income per share for the three months ended March 31, 2008 and 2007 is below: