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Table of Contents
______________________
17
Adjustments-increase (decrease)
June 27,
2009 June 28,
2008
(Millions, except per share
data)
Selling, general and administrative expenses
$
(0.3
)
$
(0.4
)
Interest expense
12.2
15.9
Income tax provision
(4.6
)
(6.0
)
Net income
(7.3
)
(9.5
)
Basic EPS
$
(0.05
)
$
(0.06
)
Diluted EPS
$
(0.05
)
$
(0.06
)
Prepaid and other current assets
$
—
$
(
0.3
)
Other assets
—
(
4.6
)
Long term debt
—
(
12.2
)
Shareholders’ equity
$
—
$
7.3
(b) Includes the impact of (i) restructuring, integration and other charges which totaled $73.6 million pre-
tax, $53.0 million after tax and $0.35
per share on a diluted basis; (ii) a gain on bargain purchase and other, which totaled $2.9 million pre-
tax, $3.5 million after tax and $0.02
per share on a diluted basis; and (iii) a tax benefit of $8.6 million and $0.06 per share on a diluted basis primarily due to the release of
certain tax valuation allowances net of additional tax reserves (see Note 18 in the Notes to the Consolidated Financial Statements
contained
in Item 15 of this Report for further discussion of these items).
(c) Includes the impact of (i) restructuring, integration and other items which totaled $77.2 million pre-
tax, $56.2 million after tax and $0.36
per share on a diluted basis; (ii) a gain on bargain purchase and other which totaled $22.7 million pre-
tax, $25.7 million after tax and $0.17
per share on a diluted basis; (iii) and a tax benefit of $32.9 million and $0.21 per share on a diluted basis primarily due to the release of
certain tax valuation allowances net of additional tax reserves (see Note 18 in the Notes to the Consolidated Financial Statements
contained
in Item 15 of this Report for further discussion of these items).
(d) Includes the impact of restructuring, integration and other items which totaled $25.4 million pre-
tax, $18.8 million after tax and $0.12 per
share on a diluted basis, and a gain on sale of assets, which totaled $8.8 million pre-
tax, $5.4 million after tax and $0.03 per share on a
diluted basis (see Note 18 in the Notes to the Consolidated Financial Statements
contained in Item 15 of this Report for further discussion
of these items).
(e) Includes goodwill and intangible asset impairment charges of $1.41 billion pre-
tax, $1.38 billion after tax and $9.13 per share, and the
impact of restructuring, integration and other items, which totaled $99.3 million pre-
tax, $34.9 million after tax and $0.23 per share (see
Note 18 in the
Notes to the Consolidated Financial Statements contained in Item 15 of this Report for further discussion of these items).
(f)
Includes the impact of restructuring, integration and other items, gain on sale of assets and other items, which totaled to a gain of
$11.0 million pre-tax, $14.7 million after tax and $0.09 per share on a diluted basis.
(g)
This calculation of working capital is defined as current assets less current liabilities.