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IParty Corp. Reports Fiscal 2011 And Fourth Quarter Financial Results

Stocks in this article: IPT

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 )
 
EBITDA, non-GAAP $ 3,421,499 $ 3,400,414   $ 494,447   $ 2,267,493  
 




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