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GPS » Topics » RECONCILIATION OF EXPECTED DILUTED EARNINGS PER SHARE ON A GAAP BASIS TO EXPECTED DILUTED EARNINGS PER SHARE ON A NON-GAAP BASIS

This excerpt taken from the GPS 8-K filed Nov 21, 2007.

RECONCILIATION OF EXPECTED DILUTED EARNINGS PER SHARE ON A GAAP BASIS TO EXPECTED DILUTED EARNINGS PER SHARE ON A NON-GAAP BASIS

 

     Expected
52 Weeks Ending
February 2, 2008		    Previously Issued
Guidance for the
52 Weeks Ending
February 2, 2008

Expected diluted earnings per share on a GAAP basis

    $ 0.92 to 0.98    $ 0.83 to 0.88

Add: loss from the discontinued operation of Forth & Towne

      0.04      0.04

Add: expenses related to the cost reduction initiatives

      0.03      0.03
             

Expected diluted earnings per share on a non-GAAP basis (a)

    $ 0.99 to 1.05    $ 0.90 to 0.95
             

 

(a) Expected diluted earnings per share excluding the amounts noted above is a non-GAAP financial measure. We believe this is an important metric as it represents our expected diluted earnings per share from ongoing operations.
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