The Company also expects to continue to return cash to shareholders in 2012. The Company anticipates 2012 dividend payments of approximately $7 million. In addition, as of June 30, 2012, the Company had more than 247,000 shares available to be repurchased under its existing authorization.
Earnings per Share and Financial Guidance Reconciliation
|Second Quarter 2012|
|GAAP earnings (loss) per share||$(0.27)|
|Impact of amortization of intangibles||
|Non-GAAP earnings (loss) per share||$(0.24)|
|Third Quarter 2012|
|Estimated GAAP earnings (loss) per share||
$(0.05) - $(0.13)
|Estimated impact of amortization of intangibles||
|Estimated Non-GAAP earnings (loss) per share||
$(0.02) - $(0.10)
Note to reconcile non-GAAP financial measures to GAAP
Management believes non-GAAP financial information provides meaningful supplemental information regarding the Company’s financial performance by excluding the amortization of Qumu acquisition intangibles that may not be indicative of the core business operating results. Rimage believes that this additional financial information is useful to management and investors in assessing the Company’s historical and future performance.