Net EarningsNet earnings for the first half of 2012 increased to $34.1 million ($0.63 per share) from the $26.3 million ($0.49 per share) recorded in the same period last year. The 2012 results include, on a pre-tax basis, merger termination fees, net of related expenses, of $43.0 million and a $0.7 million charge for severance costs from a reduction in force at our Store Support Center. The 2011 results include, on a pre-tax basis, a $0.4 million asset impairment charge, $1.3 million of acquisition related expenses and a $3.4 million benefit from the release of state tax valuation allowances.
Pep Boys Reports Second Quarter 2012 Results
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