Classmates.com 2008 Annual Report Download - page 42

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Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read in conjunction with our consolidated financial statements and related
notes and Management's Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this Annual Report on
Form 10-K.
The following table presents the consolidated statements of operations data for the years ended December 31, 2008, 2007 and 2006, and the
consolidated balance sheet data at December 31, 2008 and 2007. Such financial data are derived from our audited consolidated financial
statements included elsewhere in this Annual Report on Form 10-K. The table also presents the consolidated statements of operations data for
the years ended December 31, 2005 and 2004 and the consolidated balance sheet data at December 31, 2006, 2005 and 2004 and are derived
from our audited consolidated financial statements that are not included in this Annual Report on Form 10-K.
The following amounts are in thousands, except per share data:
(1)
Year Ended December 31,
2008(4)
2007(3)
2006(2)
2005
2004(1)
Consolidated Statements of Operations Data:
Revenues
$
669,403
$
513,503
$
522,654
$
525,061
$
448,617
Operating income (loss)
$
(62,679
)
$
92,301
$
74,019
$
86,560
$
79,493
Net income (loss)
$
(94,657
)
$
57,777
$
42,272
$
47,127
$
117,480
Net income (loss) per share
—
basic
$
(1.29
)
$
0.87
$
0.66
$
0.77
$
1.91
Net income (loss) per share
—
diluted
$
(1.29
)
$
0.83
$
0.64
$
0.74
$
1.81
December 31,
2008
2007
2006
2005
2004
Consolidated Balance Sheet Data:
Total assets
$
1,073,527
$
552,393
$
503,019
$
521,188
$
519,852
Non
-
current liabilities
$
481,428
$
20,486
$
10,983
$
45,863
$
81,207
Cash dividends declared and paid per common share
$
0.70
$
0.80
$
0.80
$
0.60
$
—
In November 2004, we acquired Classmates Online. The results of Classmates Online are included in our consolidated statements of
operations from the date of acquisition. Net income included NOL tax benefits of $68.6 million for the year ended December 31, 2004.
(2) In April 2006, we acquired MyPoints. The results of MyPoints are included in our consolidated statements of operations from the date of
acquisition. For additional information regarding our acquisitions, see Note 2—"Acquisitions" of the Notes to the Consolidated Financial
Statements, which appears in Part II, Item 8 of this Annual Report on Form 10-K. Additionally, in the December 2006 quarter, we
recorded a $13.3 million ($8.0 million, net of tax) impairment of goodwill, intangible assets and long-lived assets.
(3) We recorded restructuring charges of $3.4 million in the year ended December 31, 2007.
(4)
In August 2008, we acquired FTD. The results of FTD are included in our consolidated statements of operations from the date of
acquisition. During the quarter ended December 31, 2008, we recorded an impairment of goodwill, intangible assets and long-
lived assets
of $176.2 million ($153.9 million, net of tax) primarily related to our FTD segment.
40