The following table summarizes the impact of the restatement on net income (loss) and diluted net income (loss) per share attributed to Landauer, Inc. for the three and six months ended March 31, 2014:



(Dollars in Thousands, Except per Share Amounts)	Three Months Ended March 31, 2014 (Unaudited)				Six Months Ended March 31, 2014 (Unaudited)
	Net Income (Loss)		Diluted Net Income (Loss) Per Share		Net Income (Loss)		Diluted Net Income (Loss) Per Share
As previously reported	$	4,997	$	0.52	$	8,048	$	0.84
Revenue and accounts receivable		(500)				(248)
Dosimetry devices		13				25
Long-term investments		(25)				54
Sales taxes		(16)				(32)
Intangible assets		-				150
Equity in joint ventures		-				708
Total adjustments		(528)		(0.05)		657		0.07
Income tax expense (benefit)		(41)		-		362		0.04
Less amounts attributed to noncontrolling interest		(4)		-		8		-
Net impact of adjustments		(483)		(0.05)		287		0.03
As restated	$	4,514	$	0.47	$	8,335	$	0.87

The effect of the restatement on the previously issued Consolidated Statement of Operations for the three and six months ended March 31, 2014 is as follows:



	Three Months Ended March 31, 2014 (Unaudited)				Six Months Ended March 31, 2014 (Unaudited)
(Dollars in Thousands, Except per Share)	Previously Reported		As Restated		Previously Reported		As Restated
Service revenues	$	32,983	$	32,870	$	64,877	$	64,615
Product revenues		6,571		6,184		12,382		12,586
Net revenues		39,554		39,054		77,259		77,201
Costs and expenses:
Service costs		15,195		15,155		30,244		30,165
Product costs		3,150		3,177		6,308		6,552
Total cost of sales		18,345		18,332		36,552		36,717
Gross profit		21,209		20,722		40,707		40,484
Selling, general, and administrative		13,735		13,750		28,097		27,976
Acquisition, reorganization and nonrecurring costs		109		109		220		220
Operating income		7,365		6,863		12,390		12,288
Equity in income of joint ventures		535		535		1,108		1,816
Interest expense, net		(975)		(1,014)		(1,867)		(1,951)
Other income (expense), net		(8)		5		29		164
Income before taxes		6,917		6,389		11,660		12,317
Income tax (benefit) expense		1,954		1,913		3,450		3,812
Net income		4,963		4,476		8,210		8,505
Less: Net income attributed to noncontrolling interest		(34)		(38)		162		170
Net income attributed to Landauer, Inc.		4,997		4,514		8,048		8,335
Net income per share attributed to Landauer, Inc. shareholders:
Basic		0.52		0.47		0.84		0.87
Weighted average basic shares outstanding		9,460		9,460		9,441		9,441
Diluted		0.52		0.47		0.84		0.87
Weighted average diluted shares outstanding		9,501		9,501		9,485		9,485

The effect of the restatement on the previously issued Consolidated Statement of Cash Flows for the six months ended March 31, 2014 is as follows:



	Six Months Ended March 31, 2014 (Unaudited) (a)
(Dollars in Thousands)	Previously Reported		As Restated
Cash flows provided from operating activities:
Net income		8,210		8,505
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		7,662		7,487
Gain on investments		(203)		(338)
Equity in income of joint ventures		(1,108)		(1,816)
Dividends from joint ventures		1,340		1,340
Stock-based compensation and related net tax benefits		453		453
Current and long-term deferred taxes, net		791		847
Changes in operating assets and liabilities:
Decrease in accounts receivable, net		3,119		3,205
Decrease in prepaid taxes		721		1,027
Decrease in other operating assets, net		571		761
Decrease in accounts payable and other accrued liabilities		(2,025)		(2,021)
Increase in other operating liabilities, net		430		430
Net cash provided by operating activities		19,961		19,880
Cash flows used by investing activities:
Acquisition of property, plant & equipment		(2,415)		(2,415)
Acquisition of joint ventures and businesses, net of cash acquired		(1,800)		(1,800)
Other investing activities, net		(637)		(114)
Net cash used by investing activities		(4,852)		(4,329)
Cash flows (used) provided by financing activities:
Net borrowings on revolving credit facility		(43)		(43)
Long–term borrowings - loan		20,000		20,000
Long–term borrowings - repayment		(24,500)		(24,500)
Dividends paid to stockholders		(10,520)		(10,520)
Other financing activities, net		(347)		(347)
Net cash used by financing activities		(15,410)		(15,410)
Effects of foreign currency translation		108		109
Net (decrease) increase in cash and cash equivalents		(193)		250
Opening balance – cash and cash equivalents		11,184		8,672
Ending balance – cash and cash equivalents		10,991		8,922

^(a)

As reported in the Company's 2014 third fiscal quarter Form 10-Q (filed on August 11, 2014), certain errors were identified in the Consolidated Statement of Cash Flows that impacted prior periods. The errors related to the following: treatment of accrued additions for property, plant and equipment, classification of debt financing fees and classification of unrealized gains or losses on investments in the Consolidated Statements of Cash Flows. The prior period consolidated statements of cash flows were revised in the 2014 third fiscal quarter Form 10-Q to correct for these errors and the impacts of the corrections are reflected within the 'Previously Reported' columns above.