Investor Presentaiton
GAAP Net Income Per Share to
Non-GAAP Earnings Per Share Reconciliations
о
° 0
0 0
о
(in thousands, except per share data) Year Ended December 31,
2018
2017
2016
2015
2014
2013
Net income per share
$
7.15 $
6.16 $
1.94 $
2.28 $
2.16 $ 0.67
Adjustments (net of tax, if applicable)
Acquisition and integration costs
(0.02)
0.10
0.50
Acquisition inventory step-up
0.28
0.01
0.04
Expenses related to sale of a business
0.02
Excess and obsolete inventory charge
0.02
0.12
Sale of previously written down inventory
(0.04)
Fees and expenses related to repricing of term loan
0.01
0.01
0.02
Amortization of debt issuance costs
0.07
0.17
0.13
Restructuring
0.06
0.07
0.01
0.04
0.05
0.03
Executive retirement costs
0.05
Environmental costs
Asset impairment
0.02
0.12
0.12
0.09
Gain on sale of business
(1.36)
Net proceeds from an insurance policy
(0.02)
(0.02)
Amortization of intangible assets
0.79
0.83
0.66
0.13
0.09
0.04
Windfall tax benefit on stock-based compensation
(0.15)
(0.20)
Withholding tax on dividends
(0.05)
0.25
0.02
Special tax (benefit)/expense
(0.14)
(0.39)
0.05
Tax benefit from legal entity restructuring
(0.09)
Effect of US tax reform
Pro forma tax adjustments
Non-GAAP net earnings per share
Weighted average shares outstanding
0.08
(0.21)
(0.31)
(0.51)
(0.05)
(0.07)
(0.04)
$
7.79 $
5.96 $
3.03
$
2.22 $
1.89
$
0.90
55,000
55,074
54,051
53,560
53,515
53,481
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