Earnings per diluted share for the year increased 7.4% to a record $2.61 compared to $2.43 for 2011. 2012 Non-GAAP earnings per diluted share (6)(7) increased 6.3% to a record $2.69 compared to $2.53 for 2011.
Annual EBITDA (3) increased 16.1% to a record $196.0 million compared to $168.8 million for 2011.
Free cash flow (4) for the year increased 5.4% to a record $166.0 million compared to $157.5 million for 2011.
Annual cancel rate (5) was an all-time record low of 2.3%.Key annual financial results for 2012 versus 2011 are set forth in the following table (in millions, except per share). Reconciliations of non-GAAP net income per diluted share, EBITDA and free cash flow to their nearest comparable GAAP financial measures are attached to this Press Release.
|Revenues||$371.4 million||$330.2 million||12.5||%|
|Earnings per Diluted Share (6)||$||2.61||$||2.43||7.4||%|
|Non-GAAP Earnings per Diluted Share (6) (7)||$||2.69||$||2.53||6.3||%|
|EBITDA (3)||$196.0 million||$168.8 million||16.1||%|
|Free Cash Flow (4)||$166.0 million||$157.5 million||5.4||%|
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