EX-99.2 3 dex992.htm RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO MOST DIRECTLY COMPARABLE GAAP Reconciliation of Non-GAAP financial measures to most directly comparable GAAP

Exhibit 99.2

 

     Three Months Ended
     Years Ended

Reconciliation of Non-GAAP measures:

(in thousands)

 

    December 31,
2005
    December 31,
2004
     December 31,
2005
    December 31,
2004

Net income (loss)

    $ 2,467    $ (3,405 )   $ 60,716    $ 42,434

Income tax provision (benefit)

      1,471      (2,087 )     34,952      26,041

Interest expense, net

      26,660      8,353       84,318      27,608

Depreciation and amortization

      16,786      4,417       57,647      19,175
    
  
 
  

Earnings before interest, taxes, depreciation and amortization (“EBITDA”)

      47,384      7,278       237,633      115,258

Other adjustments:

                             

Purchase accounting adjustment for manufacturer’s profit in inventory

      1,880      —         22,429      —  

Write offs of inventory related to reorganization and acquisition-related initiatives

      2,530      —         2,530       

Reorganization and acquisition-related integration costs

      13,019      —         29,074      —  

Loss on early extinguishment of debt

      —        —         6,046      —  

Non-cash compensation costs

      31,841      32,018       62,368      32,231
    
  
 
  

As Adjusted EBITDA

    $ 96,654    $ 39,296     $ 360,080    $ 147,489