American Home Shield 2009 Annual Report Download - page 38

Comparable
Operating
Performance of
discontinued
operations(7) $ — $ — $ — $ — $ — $ (1,811)$ (1,811)
Successor Year
Ended Dec. 31,
2008
Operating income
(loss)(1) $ 96,475 $ 1,385 $146,185 $ 23,806 $ 44,700 $ (114,789)$197,762
Depreciation and
amortization
expense 87,957 11,165 60,199 46,922 9,024 13,937 229,204
EBITDA 184,432 12,550 206,384 70,728 53,724 (100,852) 426,966
Interest and net
investment (loss)
income(2) — — — (8,201) 127 (1,978) (10,052)
Non-cash trade
name impairment — 1,400 16,500 — 1,000 41,200 60,100
Adjusted EBITDA 184,432 13,950 222,884 62,527 54,851 (61,630) 477,014
Non-cash option and
restricted stock
expense — — — — — 7,032 7,032
Non-cash charges
(credits)
attributable to
purchase
accounting(4) 72 (650) (3,887) 25,940 — 378 21,853
Comparable
Operating
Performance $ 184,504 $ 13,300 $218,997 $ 88,467 $ 54,851 $ (54,220)$505,899
Memo: Items
included in
Comparable
Operating
Performance
Restructuring
charges and
Merger related
charges(5) $ 315 $ 337 $ 57 $ 729 $ 1,545 $ 9,512 $ 12,495
Management fee(6) $ — $ — $ — $ — $ — $ 2,000 $ 2,000
Memo: Items
excluded from
Comparable
Operating
Performance
Comparable
Operating
Performance of
InStar $ — $ — $ — $ — $ — $ (2,195)$ (2,195)
Comparable
Operating
Performance of all
other discontinued
operations — — — — — 1,980 1,980
Comparable
Operating
Performance of
discontinued
operations(7) $ — $ — $ — $ — $ — $ (215)$ (215)
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