Invacare 2014 Annual Report Download - page 130

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INVACARE CORPORATION AND SUBSIDIAIRIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-60
share assuming dilution) and increased amortization expense related to the write-off of debt fees related to a debt amendment of
$1,070,000 ($1,070,000 after tax or $0.03 per share assuming dilution).
Loss and loss per share for the quarter ended June 30, 2014 reflects restructuring charges of $2,090,000 ($1,711,000 after
tax or $0.05 per share assuming dilution).
Loss and loss per share for the quarter ended September 30, 2014 reflects restructuring charges of $4,077,000($3,842,000
after tax or $0.12 per share assuming dilution), incremental recall warranty expense of $9,256,000 (8,701,000 after tax or $0.27
per share assuming dilution), intangible asset write-downs of $8,253,000 ($8,253,000 after tax or $0.26 per share assuming dilution)
and a positive impact of an intraperiod tax allocation associated with discontinued operations of 1,550,000 ($0.05 per share
assuming dilution).
Loss and loss per share for the quarter ended December 31, 2014 reflects restructuring charges of $2,705,000 pre-tax
($2,732,000 after tax or $0.09 per share assuming dilution), asset write-downs for intangibles of $4,788,000 ($4,788,000 after tax
or $0.15 per share assuming dilution) and the positive impact of an intraperiod tax allocation associated with discontinued operations
$2,700,000 ($0.08 per share assuming dilution).
Loss and loss per share for the quarter ended March 31, 2013 reflects restructuring charges of $2,522,000 ($1,838,000 after
tax or $0.06 per share assuming dilution) and included a positive impact of an intraperiod tax allocation associated with discontinued
operations of $15,500,000 ($0.49 per share assuming dilution).
Loss and loss per share for the quarter ended June 30, 2013 reflects restructuring charges of $2,592,000 ($1,899,000 after
tax or $0.06 per share assuming dilution), a one-time discrete tax expense related to prior years of $9,700,000 ($0.30 per share
assuming dilution) resulting from dividends received in the United States, which as a result of the intraperiod tax allocation between
continuing and discontinued operations resulted in a recognized expense for continuing operations, despite the Company being
in a domestic tax valuation allowance, the negative impact to warranty expense of $3,862,000 ($3,862,000 after tax or $0.12 per
share assuming dilution) related to the Company's power wheelchair joystick recall and increased amortization expense related
to the write-off of debt fees related to a debt amendment of $1,216,000 ($1,216,000 after tax or $0.04 per share assuming dilution).
Loss and loss per share for the quarter ended September 30, 2013 reflects restructuring charge of $1,884,000 ($1,765,000
after tax or $0.06 per share assuming dilution), a tax benefit of $3,800,000 ($0.12 per share assuming dilution) as a result of an
intraperiod tax allocation expense to discontinued operations, a valuation tax expense of $3,100,000 ($0.10 per share assuming
dilution) related to continuing domestic operations and asset write-downs for intangibles of $167,000 ($167,000 after tax or $0.01
per share assuming dilution).
Loss and loss per share for the quarter ended December 31, 2013 reflects restructuring charges of $2,338,000 ($1,991,000
after tax or $0.06 per share assuming dilution), negative impact to warranty expense of $3,402,000 ($3,308,000 after tax or $0.10
per share assuming dilution) related to the Company's power wheelchair joystick recall, the negative impact of an intraperiod tax
allocation associated with discontinued operations $10,000,000 ($0.32 per share assuming dilution), asset write-downs for
intangibles of $1,356,000 ($1,155,000 after tax or $0.04 per share assuming dilution) and $1,389,000 of income ($0.04 per share)
related to an amended value-added tax filing.