Investor Presentaiton
NET (LOSS) INCOME AND ADJUSTED NET (LOSS) INCOME
(in thousands, except per share amounts) (unaudited)
Net (loss) income, (loss) earnings per diluted
share
(3).
Adjustments, net of tax
Loss on termination of leases
December 31, 2 (1)
Three Months Ended
2021
December 31, 2020
(1)
(10,737) $ (0.34) $
2,903 $ 0.09
1
Net restructuring expenses
(2)
1,028
28
Adjusted net (loss) income, adjusted (loss)
earnings per diluted share
$
(9,708) $ (0.31) $
2,931 $
0.09
(1) Includes funds received under the CARES Act and other government grants.
(2) Costs incurred implementing the Reposition phase of the Strategic Plan recognized in the three months ended December 31, 2021, net of amounts to be reimbursements from DHC of $966.
(3) The above non-GAAP adjustments are shown net of tax calculated at a statutory tax rate of 25.0% (combined federal of 21.0% and state of 4.0%) for the three months ended December 31, 2021 and 2020.
The company is currently in a net tax loss carry forward position. The company's effective rate was 0.4% and (13.1)% for the three months ended December 31, 2021 and 2020, respectively. The statutory
rate was used to provide a more effective comparison to other reporting companies.
Appendix
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