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Reconciliation of Net Income to Adjusted Net Income (in thousands). Three Months Ended. Year Ended. Dec. 30, 2012. Dec. 25, 2011. Dec. 30, 2012. Dec 25, 2011. $ (30,015). $ 42,005. $ (144). Net Income (Loss):. $ 54,389.
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Reconciliation of Net Income to Adjusted Net Income (in thousands) Three Months Ended Year Ended Dec. 30, 2012 Dec. 25, 2011 Dec. 30, 2012 Dec 25, 2011 $ (30,015) $ 42,005 $ (144) Net Income (Loss): $ 54,389 Add back certain items, net of tax: Loss (gain) on extinguishment of debt (796) 56,108 748 59,956 Restructuring related compensation charges 583 367 2,896 8,547 Gain on sale of internet asset - - - (1,182) Accelerated depreciation on equipment 1,350 740 5,299 740 821 553 3,070 553 Other restructuring charges - 1,928 - 9,081 Non-cash impairments 4,297 4,297 Impairment recorded by minority owned company - - (221) Reversal of interest on tax items (219) (2,969) (5,069) (1,371) Certain discrete tax items (2,968) (9,769) (10,014) $ 33,803 Adjusted net income $ 43,207 $ 56,443 $ 60,138 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.
