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Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of Net Income to Adjusted Net Income (in thousands, except per share amounts). Three Months Ended. Year Ended. December 26, 2010. December 26, 2010. December 27, 2009. December 27, 2009. $ 33,190. $ 60,264.
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Reconciliation of GAAP Measures to Non-GAAP AmountsReconciliation of Net Income to Adjusted Net Income(in thousands, except per share amounts) Three Months Ended Year Ended December 26, 2010 December 26, 2010 December 27, 2009 December 27, 2009 $ 33,190 $ 60,264 $ 15,789 $ 32,384 Net income from continuing operations Add back certain items, net of tax: (27,780) 6,713 20 1,979 Loss (gain) on extinguishment of debt 15,672 1,596 6,086 1,881 Restructuring related charges 15,331 15,331 17,834 17,834 Impairment related charges - 5,794 1,583 3,676 Accelerated depreciation on equipment 4 - (271) 61 Other (3,839) (205) 3,839 (657) Reversal of interest on tax items 6,442 - - - Impact of revised projected annual tax rate (4,797) (6,408) (2,787) (7,061) Certain discrete tax items $ 49,644 Adjusted income from continuing operations $ 33,571 $ 60,613 $ 57,992 Diluted earnings per share: $ 0.38 $ 0.18 $ 0.39 $ 0.72 Income from continuing operations $ 0.59 $ 0.39 $ 0.68 $ 0.72 Adjusted income from continuing operations Non-GAAP measures should not be considered a substitute for GAAP measures. However, adjusted income from continuing operations provides meaningful supplemental information about the company’s underlying results of operations, and management believes it assists investors and financial analysts in analyzing and forecasting future periods.