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Table of Contents
adopted this standard; however, there was no impact to the fiscal 2010 consolidated financial statements because the Company’
s 2%
Convertible Senior Debentures, to which this standard applied, were extinguished in fiscal 2009. Due to the required retrospective
application of this standard to prior periods, the Company adjusted the prior period comparative consolidated financial statements. The
following table summarizes the adjustments to increase (decrease) previously reported balances.
______________________
16
Adjustments-increase (decrease)
June 27,
2009
(Millions,
except per
share data)
Selling, general and administrative expenses
$
(0.3
)
Interest expense
12.2
Income tax provision
(4.6
)
Net income
(7.3
)
Basic EPS
$
(0.05
)
Diluted EPS
$
(0.05
)
(b) Includes the impact of (i) restructuring, integration and other charges, which totaled $149.5 million pre-tax, $116.4 million
after tax and
$0.83 per share on a diluted basis; (ii) a gain on bargain purchase and other, which totaled $31.0 million pre-tax and after tax and $0.22
per
share on a diluted basis; and (iii) a tax benefit of $50.4 million and $0.36
per share on a diluted basis primarily due to the release of certain
tax valuation allowances net of additional tax reserves (see Note 9 and 17 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 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 9 and 17 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 (i) restructuring, integration and other charges, 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; and (iii) 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 9 and 17 in the
Notes to the Consolidated Financial Statements
contained in Item 15 of this Report for further discussion of these items).
(e) Includes the impact of (i) restructuring, integration and other charges, which totaled $25.4 million pre-tax, $18.8 million after tax and
$0.12
per share on a diluted basis; and (ii) 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.
(f) Includes (i) goodwill and intangible asset impairment charges of $1.41 billion pre-tax, $1.38 billion after tax and $9.13
per share; and (ii)
the impact of restructuring, integration and other charges, which totaled $99.3 million pre-tax, $34.9 million after tax and $0.23 per share.
(g)
This calculation of working capital is defined as current assets less current liabilities.