EX-99.2 5 ex99-2.htm EXHIBIT 99.2 Exhibit 99.2
Exhibit 99.2
 
 
Consolidated                                              
Condensed Segment
                                              
Reporting (adjusted)
                                              
(in thousands)
  
Three
Months
 Ended
4-3-2005
 
Three
Months
 Ended
7-3-2005
 
Three
Months
 Ended
10-2-2005
 
Three
Months
 Ended
1/1/2006
 
FY 2005
 
Three
Months
Ended
4/2/2005
 
Three
 Months
Ended
7/2/2006
 
Three
Months
Ended
10/1/2006
 
Three
Months
 Ended
12/31/2006
 
FY 2006
 
Three
Months
Ended
4/1/2007
  
                                                                     
Net Sales, Exclusive of Fabrics and Specialty Products
                                                                    
Modular Carpet (as reported)
  
$
153,527
  
$
163,681
  
$
157,962
  
$
171,043
    
646,213
 
$
165,883
  
$
186,475
  
$
193,640
    
217,661
   
763,659
 
$
205,254
  
Bentley Prince Street (as reported)
    
28,062
   
29,468
   
32,104
   
35,533
   
125,167
   
29,100
   
33,932
   
37,098
   
37,790
   
137,920
   
36,046
 
                                                                     
Adjusted Total
  
$
181,589
  
$
193,149
  
$
190,066
  
$
206,576
    
771,380
  
$
194,983
  
$
220,407
  
$
230,738
  
$
255,451
    
901,579
  
$
241,300
  
Reconciliation of Non-GAAP Measures to GAAP Measures
                                                                    
Fabrics Segment, (as reported)
    
48,462
   
49,545
   
49,869
   
50,967
   
198,843
   
52,500
   
35,494
   
36,391
   
36,798
   
161,183
   
35,791
 
Specialty Products (as reported)
    
4,664
   
3,851
   
3,963
   
3,065
   
15,543
   
3,151
   
2,777
   
3,483
   
3,669
   
13,080
   
2,192
 
Total As Reported
  
$
234,715
  
$
246,545
  
$
243,898
  
$
260,608
  
$
985,766
  
$
250,634
  
$
258,678
  
$
270,612
  
$
295,918
  
$
1,075,842
  
$
279,283
  
                                                                     
Depreciation and Amortization, Exclusive of Fabrics and Specialty Products
                                                                    
Modular Carpet (as reported)
  
$
3,305
  
$
3,742
  
$
3,104
  
$
3,493
    
13,644
 
$
3,273
  
$
4,123
  
$
3,572
  
$
4,701
    
15,669
 
$
3,544
  
Bentley Prince Street (as reported)
    
396
   
411
   
403
   
498
   
1,708
   
308
   
603
   
443
 
$
462
    
1,816
   
466
 
Corporate Expenses and Eliminations (as reported)
    
1,371
   
1,205
   
1,210
   
1,199
   
4,985
   
1,908
   
571
   
1,210
 
$
489
    
4,178
   
2,432
 
Adjusted Total
  
$
5,072
  
$
5,358
  
$
4,717
  
$
5,190
    
20,337
  
$
5,489
  
$
5,297
  
$
5,225
  
$
5,652
    
21,663
 
$
6,442
  
Reconciliation of Non-GAAP Measures to GAAP Measures
                                                                    
Fabrics Segment, (as reported)
    
2,996
   
2,690
   
2,363
   
2,958
   
11,007
   
2,730
   
2,378
   
1,987
   
2,318
   
9,413
   
2,150
 
Specialty Products (as reported)
    
39
   
39
   
17
   
16
   
111
   
18
   
19
   
33
   
17
   
87
   
12
 
Total As Reported
    
8,107
   
8,087
   
7,097
   
8,164
   
31,455
   
8,237
   
7,694
   
7,245
   
7,987
   
31,163
   
8,604
 
                                                                     
Operating Income (loss), Exclusive of Fabrics and Specialty Products
                                                                    
Modular Carpet (as reported)
  
$
16,495
  
$
21,379
  
$
18,059
  
$
21,418
    
77,351
 
$
20,675
  
$
23,634
  
$
24,309
  
$
29,626
    
98,244
 
$
26,762
  
Bentley Prince Street (as reported)
    
475
   
493
   
849
   
1,677
   
3,494
   
513
   
1,704
   
2,239
   
1,475
   
5,931
   
932
 
Corporate Expenses and Eliminations (as reported)
    
(979
)
  
(1,012
)
  
(500
)
  
(1,289
)
  
(3,780
)
  
(1,145
)
  
(1,218
)
  
(1,100
)
  
(1,455
)
  
(4,918
)
  
(1,653
)
Adjusted Total
  
$
15,991
  
$
20,860
  
$
18,408
  
$
21,806
    
77,065
  
$
20,043
  
$
24,120
  
$
25,448
  
$
29,646
    
99,257
 
$
26,041
  
Reconciliation of Non-GAAP Measures to GAAP Measures
                                                                    
Fabrics Segment, (as reported)
    
965
   
148
   
1,916
   
1,256
   
4,285
   
(23,378
)
  
(3,028
)
  
(532
)
  
(321
)
  
(27,259
)
  
(50,357
)
Specialty Products (as reported)
    
214
   
215
   
188
   
34
   
651
   
43
   
(29
)
  
87
   
263
   
364
   
(1,733
)
Total As Reported
  
$
17,170
  
$
21,223
  
$
20,512
  
$
23,096
  
$
82,001
  
$
(3,292
)
$
21,063
  
$
25,003
  
$
29,588
  
$
72,362
  
$
(26,049
)
                                                                     
Adjusted Operating Income %
    
8.8
%
  
10.8
%
  
9.7
%
  
10.6
%
  
10.0
%
  
10.3
%
  
10.9
%
  
11.0
%
  
11.6
%
  
11.0
%
  
10.8
%
As Reported Operating Income %
 
  
7.3
%
  
8.6
%
  
8.4
%
  
8.9
%
  
8.3
%
  
-1.3
%
  
8.1
%
  
9.2
%
  
10.0
%
  
6.7
%
  
-9.3
%
                                                                     
 
The Company believes that the above non-GAAP performance measures, which management uses in managing and evaluating the Company’s business, may provide users of the Company’s financial information with additional meaningful bases for comparing the Company’s current results and results in a prior period, as these measures reflect factors that are unique to the current period relative to the comparable prior period. However, these non-GAAP performance measures should be viewed in addition to, and not as an alternative for, the Company’s reported results under accounting principles generally accepted in the United States.