PACR » Topics » Reconciliation of GAAP Financial Results to Adjusted Financial Results Excluding the Goodwill Impairment Charge

This excerpt taken from the PACR 10-K filed Feb 17, 2009.

Reconciliation of GAAP Financial Results to Adjusted Financial Results Excluding the Goodwill Impairment Charge

For the Fiscal Year Ended December 26, 2008 (in millions, except share and per share amounts)

 

    2008   2007
GAAP
Results
  2008
(as adjusted)

vs 2007
(actual)

Variance
 

Item

  GAAP
Results
    Adjustments     Adjusted
Results
   

Income from operations

  $ 1.8     $ 87.9   1/   $ 89.7   $ 94.5   $ (4.8 )

Interest expense, net

    2.4       -       2.4     5.5     (3.1 )
                                   

Income/(loss) before income taxes

    (0.6 )     87.9       87.3     89.0     (1.7 )

Income taxes

    16.0       14.6   2/     30.6     34.7     (4.1 )
                                   

Net income/(loss)

  $ (16.6 )   $ 73.3     $ 56.7   $ 54.3   $ 2.4  
                                   

Diluted earnings/(loss) per share

  $ (0.48 )   $ 2.11     $ 1.63   $ 1.51   $ 0.12  
                                   

Weighted average shares outstanding

    34,616,598       34,739,597       34,739,597     35,911,246     (1,171,649 )
                                   

 

 

1/ Logistics segment goodwill impairment charge.

 

2/ Estimated tax impact at the statutory tax rate.

 

48


Table of Contents
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki