EXHIBIT 99.2
EXHIBIT 99.2
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2008 by quarter
FSP APB 14-1 implementation in USD and in 000's except per
share data 1st 2nd 3rd 4th Full year
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As previously reported:
Interest expense, net $4,319 $4,763 $4,520 $5,349 $18,951
Other (income)/expense, net (274) 2,155 (706) (716) 459
Income tax expense/(benefit) on continuing operations 4,551 1,726 5,805 (16,016) (3,934)
Net (loss)/income (1,492) 5,896 760 (80,912) (75,748)
Net (loss)/income per share:
Basic ($0.05) $0.20 $0.03 ($2.71) ($2.54)
Diluted ($0.05) $0.20 $0.03 ($2.71) ($2.54)
Shares used in computing earnings per share:
Basic 29,612 29,760 29,857 29,912 29,786
Diluted 29,612 30,051 29,857 29,912 29,786
Adjustments to:
Interest expense, net $1,078 $1,117 $1,157 $1,174 $4,526
Other (income)/expense, net (41) (41) (41) (41) (164)
Income tax expense/(benefit) on continuing operations (433) (433) (433) (433) (1,732)
As presented in 2009:
Interest expense, net $5,397 $5,880 $5,677 $6,523 $23,477
Other (income)/expense, net (315) 2,114 (747) (757) 295
Income tax expense/(benefit) on continuing operations 4,118 1,293 5,372 (16,449) (5,666)
Net (loss)/income (2,096) 5,253 77 (81,612) (78,378)
Net (loss)/income per share:
Basic ($0.07) $0.18 $0.00 ($2.73) ($2.63)
Diluted ($0.07) $0.17 $0.00 ($2.73) ($2.63)
Shares used in computing earnings per share:
Basic 29,612 29,760 29,857 29,912 29,786
Diluted 29,612 30,051 29,857 29,912 29,786
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2007 by quarter
FSP APB 14-1 implementation in USD and in 000's except per
share data 1st 2nd 3rd 4th Full year
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As previously reported:
Interest expense, net $3,265 $3,619 $3,782 $4,280 $14,946
Other (income)/expense, net (327) 540 1,409 (1,222) 400
Income tax expense/(benefit) on continuing operations 3,172 (2,282) 81 842 1,813
Net income/(loss) 9,305 4,405 (3,871) 7,943 17,782
Net income/(loss) per share:
Basic $0.32 $0.15 ($0.13) $0.27 $0.60
Diluted $0.31 $0.15 ($0.13) $0.27 $0.60
Shares used in computing earnings per share:
Basic 29,265 29,380 29,492 29,545 29,421
Diluted 29,672 29,818 29,492 29,949 29,854
Adjustments to:
Interest expense, net $1,020 $1,058 $1,096 $1,112 $4,286
Other (income)/expense, net (26) (41) (41) (41) (149)
Income tax expense/(benefit) on continuing operations (396) (396) (396) (395) (1,583)
As presented in 2009:
Interest expense, net $4,285 $4,677 $4,878 $5,392 $19,232
Other (income)/expense, net (353) 499 1,368 (1,263) 251
Income tax expense/(benefit) on continuing operations 2,776 (2,678) (315) 447 230
Net income/(loss) 8,707 3,784 (4,530) 7,267 15,228
Net income/(loss) per share:
Basic $0.30 $0.13 ($0.15) $0.25 $0.52
Diluted $0.29 $0.13 ($0.15) $0.24 $0.51
Shares used in computing earnings per share:
Basic 29,265 29,380 29,492 29,545 29,421
Diluted 29,672 29,818 29,492 29,949 29,854
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Full year
FSP APB 14-1 implementation in USD and in 000's
except per share data 2006 2007 2008
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As previously reported:
Interest expense $13,107 $16,581 $20,827
Other expense, net 1,910 400 459
Income tax expense/(benefit) on continuing operations 20,700 1,813 (3,934)
Net income/(loss) 58,039 17,782 (75,748)
Net income/(loss) per share:
Basic $1.95 $0.60 ($2.54)
Diluted $1.92 $0.60 ($2.54)
Shares used in computing earnings per share:
Basic 29,803 29,421 29,786
Diluted 30,289 29,854 29,786
Deferred taxes 112,280 100,604 115,582
Other assets 37,486 69,528 22,016
Long-term debt 354,587 446,433 530,367
Deferred taxes and other credits 49,142 65,748 57,017
Additional paid-in capital 316,164 326,608 343,763
Retained earnings 541,602 527,790 436,919
Adjustments to:
Interest expense $3,293 $4,286 $4,526
Other expense, net (129) (149) (163)
Income tax expense/(benefit) on continuing operations (1,234) (1,583) (1,732)
Deferred taxes 358 269 236
Other assets (1,013) (767) (604)
Long-term debt, Note 1 (30,793) (26,507) (21,981)
Deferred taxes and other credits 12,010 10,338 8,573
Additional paid-in capital, Note 2 20,155 20,155 20,155
Retained earnings (1,930) (2,554) (2,631)
As presented in 2009:
Interest expense $16,400 $20,867 $25,353
Other expense, net 1,781 251 296
Income tax expense/(benefit) on continuing operations 19,466 230 (5,666)
Net income/(loss) 56,109 15,228 (78,379)
Net income/(loss) per share:
Basic $1.88 $0.52 ($2.63)
Diluted $1.85 $0.51 ($2.63)
Shares used in computing earnings per share:
Basic 29,803 29,421 29,786
Diluted 30,289 29,854 29,786
Deferred taxes 112,638 100,873 115,818
Other assets 36,473 68,761 21,412
Long-term debt 323,794 419,926 508,386
Deferred taxes and other credits 61,152 76,086 65,590
Additional paid-in capital 336,319 346,763 363,918
Retained earnings 539,672 523,306 429,804
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Note 1 - Adjustments to Long-term debt include a $34,086,000 initial reduction
to debt during 2006 offset by accumulative accrual of additional interest
expense of $3,293,000, $7,579,000, and $12,105,000 in 2006, 2007, and 2008,
respectively.
Note 2 - Adjustments to Additional paid-in capital include: an increase of
$34,086,000 representing the bifurcated convertible bond equity component, a
reduction of $1,045,000 related to equity issuance costs, and a reduction of
$12,886,006 due to changes in non-current deferred taxes.
