Arrow ErgoPack and AC3 Optimus Product Overview
Appendix B - Reconciliation of Adjusted Operating Profit and Margin
Dollars in Thousands
Twelve Months Ended
December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020
Income from continuing operations before interest, loss on extinguishment
of debt and taxes
$
284,862 $
315,891 $
319,453 $
372,279
$
321,704 $
427,254 $
423,068
Income from continuing operations before interest, loss on extinguishment
of debt and taxes margin
15.5%
17.5%
17.1%
17.3%
13.1%
16.5%
16.7%
Restructuring, restructuring related and impairment items (A)
28,749
17,314
74,559
29,371
93,957
38,490
65,226
Acquisition, integration and divestiture related items (B)
Other items (C)
(7,549)
(3,498)
(7,399)
38,802
60,321
49,299
(26,805)
600
(3,040)
572
Intangible amortization expense (D)
60,926
62,380
63,491
(551)
98,766
2,907
1,814
149,486
MDR costs (E)
149,974
3,194
1,078
158,685
11,267
Adjusted income from continuing operations before interest, loss on
extinguishment of debt and taxes
367,588 $
389,047 $
450,676
$
538,667
$
628,375
$
670,025
$
632,519
Adjusted income from continuing operations before interest, loss on
extinguishment of debt and taxes margin
20.0%
21.5%
24.1%
25.1%
25.7%
25.8%
24.9%
Revenue as-reported
$
1,839,832 $
1,809,690
$
1,868,027 $
2,146,303 $
2,448,383 $
2,595,362 $
2,537,156
49 Please see slide 52 for full tickmarks
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