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NKE » Topics » Reconciliation of Net Income and Diluted Earnings Per Share Excluding the Converse Arbitration Charge

This excerpt taken from the NKE 10-K filed Jul 28, 2006.

Reconciliation of Net Income and Diluted Earnings Per Share Excluding the Converse Arbitration Charge

 

     Fiscal 2006    Fiscal 2005   

FY06 vs.

FY05

% Change

  
     (In millions, except per share data)  

Net income, as reported

    $ 1,392.0    $ 1,211.6    15 %

Exclude: Converse arbitration charge, net of tax of $21.1

      30.8      —   
                

Net income, excluding Converse arbitration charge

    $ 1,422.8    $ 1,211.6    17 %

Diluted EPS, as reported

    $ 5.28    $ 4.48    18 %

Diluted EPS, excluding Converse arbitration charge

    $ 5.39    $ 4.48    20 %

We are providing net income and diluted earnings per share results excluding the Converse arbitration charge to enhance the visibility of the underlying earnings trend excluding this identifiable expense.

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