FY2023 Separation Roadmap
Reconciliation of Diluted Net Earnings from Continuing Operations Per Share to
Adjusted Diluted Net Earnings from Continuing Operations Per Share
(in thousands)
37
Three Months Ended
December 29, December 30,
2023
2022
Diluted Net Earnings from Continuing
Operations Per Share
$
1.37 $
1.07
After-tax effects of Restructuring,
Transaction and Other Charges (1):
Focus 2023 Transformation, mainly real
estate rescaling efforts
0.16
Transaction costs
0.07
0.03
Restructuring, integration, separation and
other charges
0.24
0.04
After-tax effects of Other Adjustments (2):
Amortization of intangibles
0.27
0.26
Other
0.06
0.02
Adjusted Diluted Net Earnings from
Continuing Operations Per Share
$
2.02 $
1.58
(1) Includes estimated per-share impacts from the restructuring activities primarily relating to the Separation Transaction for the three months
ended December 29, 2023, along with real estate impairments associated with the Company's Focus 2023 transformation program and impacts
associated with various transaction costs incurred with our acquisition and restructuring related activity costs associated with Company
restructuring and integration programs for the three months ended December 30, 2022.
(2) Includes estimated per-share impacts from amortization of intangible assets and certain subsidiary level contingent equity-based
agreements in connection with the transaction structure of our PA Consulting investment for the three months ended December 29, 2023 and
December 30, 2022. The three months ended December 29, 2023 also includes the per-share impact from an approximate $10 million
intangibles impairment charge.View entire presentation