FMR » Topics » FOOTNOTES

This excerpt taken from the FMR 8-K filed Aug 1, 2007.

FOOTNOTES

 

(1)

Reflects 925 to 1 stock split that occurred on October 16, 2006 for all periods presented.

(2)

See discussion of use of non-GAAP financial measures above.

 

 

This excerpt taken from the FMR 8-K filed Nov 9, 2006.
Footnotes

 

(1)

Pro Forma net income represents net income excluding the impact of interest expense, net of taxes, on senior notes which were issued in August 2005 and repaid in October 2006.

 

(2)

The Combined amounts for three months ended September 30, 2005 represent the mathematical addition of the historical results for (i) the predecessor period from July 1, 2005 through August 16, 2005, and (ii) the successor period from August 17, 2005 through September 30, 2005. The Combined amounts for the nine months ended September 30, 2005 represent the mathematical addition of the historical results for (i) the predecessor period from January 1, 2005 through August 16, 2005, and (ii) the successor period from August 17, 2005 through September 30, 2005. This approach is not consistent with generally accepted accounting principles and yields results that are not comparable on a period-to-period basis. However, we believe it is the most meaningful way to discuss our operating results for 2005 when comparing them to our operating results for 2006.

 

(3)

Pro Forma amounts reflect the impact on the September 30, 2006 Stockholders’ Equity as if the IPO which was completed on October 23, 2006, had been completed as of September 30, 2006.

 

(4)

First Mercury Holdings, Inc. was merged into First Mercury Financial Corporation on October 16, 2006. Reflects amount applicable to First Mercury Holdings, Inc. and consolidated subsidiaries at September 30, 2006.

 

(5)

Reflects 925 to 1 stock split that occurred on October 16, 2006 for all periods presented.

 

(6)

Earnings per share and shares outstanding are not provided for the Combined three months and nine months ended September 30, 2005 due to First Mercury Holdings, Inc.'s purchase and exchange of shares on August 17, 2005.

 

(7)

Annual return on average stockholders' equity was provided for the 2005 Combined column only because we do not believe the separate predecessor and successor stub periods ending August 16 and beginning August 17 are meaningful.

 

 

 

 

 

 

EXCERPTS ON THIS PAGE:

8-K
Aug 1, 2007
8-K
Nov 9, 2006

"FOOTNOTES" elsewhere:

Quanta Capital Holdings (QNTA)
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