In accordance with Regulation G of the Securities and Exchange Commission, the table set forth below reconciles certain financial measures used in this press release that were not calculated in accordance with generally accepted accounting principles, or GAAP, with the most directly comparable financial measure calculated in accordance with GAAP.
|Three Months Ended (unaudited)|
|December 31, 2010||December 31, 2009|
|Operating loss – GAAP||$||(4,591)||$||(15,507)|
|Nonrecurring charges (a)||1,599||10,136|
|Adjusted operating loss||$||(2,992)||$||(5,371)|
|Net loss – GAAP||$||(4,817)||$||(15,897)|
|Nonrecurring charges (net of income taxes of $0 and $0, respectively) (a)||1,599||10,136|
|Adjusted net loss||$||(3,218)||$||(5,761)|
|Loss per diluted share – GAAP||$||(0.20)||$||(0.67)|
|Nonrecurring charges per share (a)||0.07||0.43|
|Adjusted loss per diluted share||$||(0.13)||$||(0.24)|
|(a)||In the fourth quarter of 2010, we incurred $0.7 million of severance and other exit cost related to the restructuring of our sales and service organizations, as well as $0.9 million of other nonrecurring charges. In the fourth quarter of 2009, we incurred $9.9 million for the forfeiture and acceleration of certain stock options and $0.2 million of other nonrecurring charges.|
Reconciliation of Non-GAAP Financial Measures(In Thousands, Except Per Share Amounts)
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV