West Corporation Reports First Quarter 2013 Results And Declares Quarterly Dividend
Reconciliation of Non-GAAP Financial Measures
Adjusted Operating Income Reconciliation
Adjusted Operating Income is a non-GAAP measure that reflects the Company's Operating Income before the impact of IPO-related expenses, expenses terminated in connection with the IPO and non-cash items. Adjusted Operating Income is not a measure of financial performance under generally accepted accounting principles ("GAAP"). Adjusted Operating Income should not be considered in isolation or as a substitute for Operating Income or other profitability data prepared in accordance with GAAP. Adjusted Operating Income, as presented, may not be comparable to similarly titled measures of other companies. Set forth below is a reconciliation of Adjusted Operating Income to Operating Income.
|Reconciliation of Adjusted Operating Income from Operating Income|
|Amounts in thousands|
|Three Months Ended Mar. 31,|
|Operating income||$ 93,290||$ 114,242||-18.3%|
|Amortization of acquired intangible assets||13,961||14,878|
|Sponsor management/termination fee||25,000||1,000|
|Adjusted operating income||$ 138,416||$ 130,253||6.3%|
Adjusted Net Income, Adjusted EPS, Pro forma Adjusted Net Income and Pro forma Adjusted EPS ReconciliationAdjusted Net Income is a non-GAAP measure that reflects the Company's Net Income before the impact of IPO-related expenses, expenses terminated in connection with the IPO, bond redemption premiums and non-cash items. Adjusted Net Income is not a measure of financial performance under GAAP. Adjusted Net Income should not be considered in isolation or as a substitute for Net Income or other profitability metrics prepared in accordance with GAAP. Adjusted Net Income, as presented, may not be comparable to similarly titled measures of other companies. Set forth below is a reconciliation of Adjusted Net Income to Net Income.
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