Invacare 2013 Annual Report Download - page 123

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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-49
CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS
The
Company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
Year ended December 31, 2012
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 357,184 $ 469,192 $ 724,641 $ (118,324) $ 1,432,693
Cost of products sold . . . . . . . . . . . . . . . . . 274,439 338,347 500,855 (117,423) 996,218
Gross Profit . . . . . . . . . . . . . . . . . . . . 82,745 130,845 223,786 (901) 436,475
Selling, general and administrative
expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . 134,170 86,292 186,244 4,526 411,232
Charge related to restructuring activities . . 4,859 406 5,639 — 10,904
Loss on debt extinguishment including
debt finance charges and associated fees . . 312 — — — 312
Asset write-downs to intangibles . . . . . . . . — — 773 — 773
Income (loss) from equity investee . . . . . . 62,637 2,278 499 (65,414) —
Interest expense—net. . . . . . . . . . . . . . . . . 2,725 1,745 3,084 — 7,554
Earnings (Loss) from Continuing
Operations Before Income Taxes. . . 3,316 44,680 28,545 (70,841) 5,700
Income taxes (benefit) . . . . . . . . . . . . . . . . 1,489 (1,356) 16,642 — 16,775
Net Earnings (Loss) from
Continuing Operations . . . . . . . . . . . $ 1,827 $ 46,036 $ 11,903 $ (70,841) $ (11,075)
Net Earnings from Discontinued
Operations . . . . . . . . . . . . . . . . . . . . . — 12,902 — — 12,902
Net Earnings (Loss). . . . . . . . . . . . . . $ 1,827 $ 58,938 $ 11,903 $ (70,841) $ 1,827
Other Comprehensive Income (Loss),
net of Tax. . . . . . . . . . . . . . . . . . . . . . . . . . (12,133) 2,245 (14,288) 12,043 (12,133)
Comprehensive Income (Loss) . . . . . . . . $ (10,306) $ 61,183 $ (2,385) $ (58,798) $ (10,306)