-  Tax charge of $0.3 million resulting from the filing of tax returns by foreign subsidiaries for periods prior to their acquisition by EFI.

               - Tax benefit of $3.4 million from the retroactive renewal of both the 2012 U.S. federal research and development tax credit and certain international tax provisions on January 2, 2013. The tax benefit for these items had been previously recognized in our non-GAAP net income for the year ended December 31, 2012

Usefulness of Non-GAAP Financial Information to Investors

These non-GAAP measures are not in accordance with or an alternative to GAAP and may be materially different from other non-GAAP measures, including similarly titled non-GAAP measures, used by other companies. The presentation of this additional information should not be considered in isolation from, as a substitute for, or superior to, net income or earnings per diluted share prepared in accordance with GAAP. Non-GAAP financial measures have limitations as they do not reflect certain items that may have a material impact upon our reported financial results. We expect to continue to incur expenses of a nature similar to the non-GAAP adjustments described above, and exclusion of these items from our non-GAAP net income and non-GAAP earnings per diluted share should not be construed as an inference that these costs are unusual, infrequent, or non-recurring.
CONTACT: Vincent Pilette         Chief Financial Officer         EFI         650-357-3500         Investor Relations:         JoAnn Horne         Market Street Partners          415-445-3235

Electronics For Imaging, Inc. Logo

If you liked this article you might like

It's Getting Vicious Between Amazon and Walmart: Market Recon

5 Earnings Short-Squeeze Plays -- Alibaba, Freeport-McMoRan, More

Four Beaten Down Stocks Poised to Move Higher

Trade-Ideas: Electronics For Imaging (EFII) Is Today's Strong And Under The Radar Stock

Electronics For Imaging (EFII) Showing Signs Of Being Strong And Under The Radar