IParty Corp. Reports Fiscal 2011 And Fourth Quarter Financial Results
Accordingly, EBITDA should be used in addition to and in conjunction with results presented in accordance with GAAP and should not be considered as an alternative to net income, operating income, cash flows from operating activities or any other operating performance measure prescribed by GAAP, nor should these measures be relied upon to the exclusion of GAAP financial measures. EBITDA reflects additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding GAAP financial measures, provides a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. We strongly encourage investors to review our financial information in its entirety and not to rely on a single financial measure.
|For the three months ended||For the twelve months ended|
|RECONCILIATION OF NON-GAAP MEASURES||Dec 31, 2011||Dec 25, 2010||Dec 31, 2011||Dec 25, 2010|
|Net income (loss) as reported under GAAP||$||2,983,683||$||2,917,972||$||(1,314,638||)||$||254,449|
|plus, Interest expense, net||56,847||41,161||305,530||249,195|
|plus, Depreciation and amortization||361,626||443,894||1,484,212||1,766,462|
|plus, Income tax expense (benefit)||19,343||(2,613||)||19,343||(2,613||)|
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