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SEC Filings

8-K
ACETO CORP filed this Form 8-K on 11/03/2017
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Aceto Corporation

Diluted Net Income Per Common Share Excluding Charges (Non-GAAP Reconciliation)

(in thousands, except per share amounts)

 

   (unaudited)
Three Months
Ended
September 30,
2017
   (unaudited)
Diluted Net
Income Per
Common Share
Three Months
Ended
September 30,
2017
   (unaudited)
Three Months
Ended
September 30,
2016
   (unaudited)
Diluted Net
Income Per
Common Share
Three Months
Ended
September 30,
2016
 
                 
Net income, as reported  $454   $0.01   $4,385   $0.15 
                     
Adjustments:                    
                     
Amortization of intangible assets   7,929    0.22    2,791    0.09 
Transaction costs related to acquisitions   -    -    1,809    0.06 
Separation costs   4,064    0.11    -    - 
Amortization of debt discount (non-cash interest expense)   1,304    0.04    1,223    0.04 
Amortization of debt issuance costs   209    0.01    209    0.01 
Amortization of deferred financing costs   270    0.01    -    - 
Environmental charge   902    0.03    170    0.01 
                     
Adjusted income excluding charges   15,132    0.43    10,587    0.36 
Adjustments to provision for income taxes including impact of ASU 2016-09   4,450    0.13    2,310    0.08 
                     
Adjusted net income (Non-GAAP)  $10,682   $0.30   $8,277   $0.28 
                     
Diluted weighted average shares outstanding   35,259    35,259    29,840    29,840 

 

NOTE: Items identified in the above table are not in accordance with, or an alternative method for, generally accepted accounting principles (GAAP) in the United States. These items should not be reviewed in isolation or considered substitutes of the Company's financial results as reported in accordance with GAAP. Due to the nature of these items, it is important to identify these items and to review them in conjunction with the Company's financial results reported in accordance with GAAP. The exclusion of these items also allows investors to compare results of operations in the current period to prior period’s results based on the Company’s fundamental business performance and analyze the operating trends of the business. The exclusion of these items also allows management to evaluate performance of its business units. The Company does not provide reconciliations of GAAP and non-GAAP projections as such projections are intended for directional purposes only.

 

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