Invacare 2012 Annual Report Download - page 143

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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
Earnings and earnings per share for the quarter ended March 31, 2012 reflects incremental regulatory and
compliance costs related to quality systems improvements of $4,104,000 ($3,500,000 after tax or $0.11 per share
assuming dilution) and restructuring charges of $561,000 ($391,000 after tax or $0.01 per share assuming
dilution).
Earnings and earnings per share for the quarter ended June 30, 2012 reflects incremental regulatory and
compliance costs related to quality systems improvements of $7,007,000 ($5,582,000 after tax or $0.18 per share
assuming dilution), a one-time discrete tax expense related to prior years of $9,010,000 (0.28 per share assuming
dilution), restructuring charges of $2,006,000 ($2,086,000 after tax or $0.07 per share assuming dilution) and loss
on debt extinguishment including debt finance charges and associated fees of $312,000 ($312,000 after tax or
$0.01 per share assuming dilution) as a result of the company’s decision to extinguish higher interest rate debt.
Earnings and earnings per share for the quarter ended September 30, 2012 reflects incremental regulatory
and compliance costs related to quality systems improvements of $6,169,000 ($6,169,000 after tax or $0.19 per
share assuming dilution) and restructuring charge of $1,175,000 ($1,129,000 after tax or $0.04 per share
assuming dilution).
Loss and loss per share for the quarter ended December 31, 2012 reflects restructuring charges of
$7,653,000 ($7,623,000 after tax or $0.24 per share assuming dilution), incremental regulatory and compliance
costs related to quality systems improvements of $5,477,000 ($5,477,000 after tax or $0.17 per share assuming
dilution), the positive impact of an intraperiod tax allocation associated with discontinued operations $1,956,000
($0.06 per share assuming dilution) and asset write-downs for intangibles of $773,000 ($698,000 after tax or
$0.02 per share assuming dilution) and .
Earnings and earnings per share for the quarter ended March 31, 2011 reflects loss on debt extinguishment
including debt finance charges and associated fees of $4,881,000 ($4,881,000 after tax or $0.15 per share
assuming dilution) as a result of the company’s decision to extinguish higher interest rate debt.
Earnings and earnings per share for the quarter ended June 30, 2011 reflects loss on debt extinguishment
including debt finance charges and associated fees of $11,855,000 ($11,855,000 after tax or $0.36 per share
assuming dilution) as a result of the company’s decision to extinguish higher interest rate debt; a tax settlement
benefit in Germany of $5,100,000 ($5,100,000 after tax or $0.16 per share assuming dilution); and restructuring
charges of $431,000 ($411,000 after tax or $0.01 per share assuming dilution).
Earnings and earnings per share for the quarter ended September 30, 2011 reflects loss on debt
extinguishment including debt finance charges and associated fees of $7,462,000 ($7,462,000 after tax or $0.23
per share assuming dilution) as a result of the company’s decision to extinguish higher interest rate debt and
restructuring charge of $1,252,000 ($912,000 after tax or $0.03 per share assuming dilution).
Loss and loss per share for the quarter ended December 31, 2011 reflects asset write-downs for goodwill
and intangibles of $49,480,000 ($48,719,000 after tax or $1.53 per share assuming dilution) and restructuring
charges of $8,852,000 ($8,941,000 after tax or $0.28 per share assuming dilution).
FS-63