Quarterly Cash Dividend
On March 5, 2013, Coleman's board of directors declared a quarterly cash dividend of $0.02 per common share, payable on March 30, 2013, to stockholders of record as of the close of business on March 15, 2013. Future declarations of quarterly dividends are subject to approval of the board of directors and may be adjusted as business needs or market conditions change.
Coleman Cable has scheduled its conference call for Friday, March 8, 2013, at 10:00 a.m. Central time. Hosting the call will be Gary Yetman, president and CEO, Richard Burger, executive vice president and CFO and Alan Bergschneider, vice president-finance. A live broadcast of the Company's conference call, along with accompanying visuals, will be available on-line through the Company's Web site at http://investors.colemancable.com/events.cfm . The webcast will be archived for 90 days.Non-GAAP Results In addition to net income determined in accordance with GAAP, we use certain non-GAAP measures in assessing our operating performance. These non-GAAP measures used by management include: (1) Adjusted EBITDA, which is our measure of EBITDA adjusted to exclude the impact of certain specifically identified items ("Adjusted EBITDA"), and (2) Adjusted earnings per share, which we calculate as diluted earnings per share adjusted to exclude the estimated per share impact of the same specifically identified items used to calculate Adjusted EBITDA ("Adjusted EPS"). For the periods presented in this press release, the specifically identified items include asset impairments, restructuring charges, the gain on available for sale securities recorded in the second quarter of 2011 relative to our investment in TRC at the date of acquisition, acquisition-related costs, the favorable impact of an insurance settlement received in 2011 for a 2005 inventory-related theft, the loss recorded in connection with the extinguishment of our 2012 Senior Notes in 2010, and share-based compensation expense.