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Table of Contents
SYSTEMAX INC.
Reconciliation of Segment GAAP Operating Income (Loss) from Continuing Operations to Non-GAAP
Operating Income (Loss) from Continuing Operations - Unaudited
(In millions)
Year Ended December 31,
2015   2014   2013
IPG  $ 43.7  $ 41.0 $ 40.0
EMEA   (10.8)   (21.2) (4.2)
NATG   (38.2)   (17.9) (26.6)
CorporateandOther   (18.8)   (15.6) (20.0)
GAAP operating loss   (24.1)   (13.7)   (10.8)
Non-GAAPadjustments:       
Industrial Products:       
Integrationcosts   1.0   0.4 (0.2)
Intangibleassetamortization   0.3   0.0 0.0
Stock-basedandotherspecialcompensation (1.0)  1.6   0.6
TotalNon-GAAPAdjustments–IndustrialProducts   0.3   2.0 0.4
      
Technology Products - EMEA:       
Severanceandotherreorganizationrelatedcharges   0.7   12.3 8.2
Assetimpairmentcharges   0.7   0.0 0.0
Stockbasedcompensation   0.1   0.3 0.3
Intangibleassetamortization   0.3   0.8 0.7
TotalNon-GAAPAdjustments:TechnologyProductsEMEA   1.8   13.4 9.2
      
Technology Products - NA:       
ReverseresultsofNATGincludedinGAAPcontinuingoperations   38.2   17.9 26.6
TotalNon-GAAPAdjustments:TechnologyProductsNA   38.2   17.9 26.6
      
Corporate and Other:       
Severanceandotherreorganizationrelatedcharges   0.0   0.1 0.0
Stockbasedcompensation   0.6   0.8 1.2
TotalNon-GAAPAdjustments:CorporateandOther   0.6   0.9 1.2
      
IPG   44.0   43.0 40.4
EMEA   (9.0)   (7.8) 5.0
NATG   0.0   0.0 0.0
CorporateandOther   (18.2)   (14.7) (18.8)
Non-GAAP operating income $ 16.8  $ 20.5  $ 26.6
29