This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

National CineMedia, Inc. Reports Results For Fiscal Second Quarter

Stocks in this article: NCMI

The following table reconciles net income (loss) and earnings (loss) per share as reported to net income excluding the loss on swap terminations and the write-off of debt issuance costs and earnings per share excluding the loss on swap terminations and the write-off of debt issuance costs for the periods presented (dollars in millions):

      Quarter       Quarter       Six Months       Six Months
Ended Ended Ended Ended
June 28, 2012 June 30, 2011 June 28, 2012 July 30, 2011
Net (Loss) Income as reported $ (1.9 ) $ 9.0 $ (2.8 ) $ 8.0
 
Loss on swap terminations 26.7 - 26.7 -
Write-off of debt issuance costs 2.5 - 2.5 -
Effect of noncontrolling interest (51.4% and 51.3%, respectively) (15.0 ) - (15.0 ) -
Effect of provision for income taxes (38% effective rate)   (5.4 )         -         (5.4 )         -

Net effect of loss on swap terminations and write-off ofdebt issuance costs

8.8 - 8.8 -
                         

Net income excluding loss on swap terminations and  write-off of debt issuance costs

$ 6.9         $ 9.0       $ 6.0         $ 8.0
 
Weighted Average Shares Outstanding as reported
Basic 54,442,398 53,912,351 54,291,816 53,801,768
Diluted 54,442,398 54,814,211 54,291,816 54,674,293
 
Weighted Average Shares Outstanding as adjusted

 

Basic 54,442,398 53,912,351 54,291,816 53,801,768
Diluted 55,051,319 54,814,211 54,951,208 54,674,293
 
Basic earnings per share as reported $ (0.03 ) $ 0.17 $ (0.05 ) $ 0.15
Net effect of loss on swap terminations and write-off of debt issuance costs   0.16           -         0.16           -

Basic earnings per share excluding loss on swap  terminations and write-off of debt issuance costs

$ 0.13         $ 0.17       $ 0.11         $ 0.15
 
Diluted earnings per share as reported $ (0.03 ) $ 0.16 $ (0.05 ) $ 0.15

Net effect of loss on swap terminations and write-off ofdebt issuance costs

  0.16           -         0.16           -

Diluted earnings per share excluding loss on swap  terminations and write-off of debt issuance costs

$ 0.13         $ 0.16       $ 0.11         $ 0.15
 




9 of 10

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs