Invacare 2014 Annual Report Download - page 43

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I-39
________________________
* Reflects charges related to restructuring from continuing operations of $11,112,000 ($10,096,000 after-tax expense or
$0.32 per share assuming dilution), incremental warranty expense of $11,493,000 ($10,801,000 after-tax expense or
$0.34 per share assuming dilution related to three product recalls), asset write-downs to intangible assets of $13,041,000
($13,041,000 after-tax expense or $0.41 per share assuming dilution) and the positive impact of an intraperiod tax
allocation associated with discontinued operations of $7,175,000 or $0.22 per share assuming dilution.
** Reflects charges related to restructuring from continuing operations of $9,336,000 ($7,493,000 after-tax expense or $0.23
per share assuming dilution), incremental warranty expense of $7,264,000 ($7,170,000 after-tax expense or $0.22 per
share assuming dilution related to the power wheelchair joystick recall), asset write-downs to intangible assets of
$1,523,000 ($1,322,000 after-tax expense or $0.04 per share assuming dilution) and the positive impact of an intraperiod
tax allocation associated with discontinued operations of $1,220,000 or $0.04 per share assuming dilution.
*** Reflects charges related to restructuring from continuing operations of $11,395,000 ($11,255,000 after-tax expense or
$0.36 per share assuming dilution), a discrete 2012 tax expense related to prior years of $9,336,000 or $0.30 per share
assuming dilution which is a non-cash charge in 2012 for a matter that is under audit and being contested by the Company,
early debt extinguishment charges of $312,000 ($312,000 after-tax expense or $0.01 per share assuming dilution), asset
write-downs to intangible assets of $773,000 ($698,000 after-tax expense or $0.02 per share assuming dilution) and the
positive impact of an intraperiod tax allocation associated with discontinued operations of $7,126,000 or $0.23 per share
assuming dilution.
**** Reflects asset write-downs for goodwill and intangibles of $49,480,000 ($48,719,000 after tax or $1.52 per share assuming
dilution), loss on debt extinguishment including debt finance charges and associated fees of $24,200,000 ($24,200,000
after tax or $0.76 per share assuming dilution) as a result of the Company’s extinguishment of higher interest rate debt,
restructuring charge of $10,534,000 ($10,263,000 after tax or $0.32 per share assuming dilution) and a tax benefit in
Germany of $4,947,000 ($4,947,000 after tax or $0.15 per share assuming dilution).
***** Reflects loss on debt extinguishment including debt finance charges and associated fees of $40,164,000 ($40,164,000
after tax or $1.23 per share assuming dilution) as a result of the Company’s extinguishment of higher interest rate debt.