Invacare 2015 Annual Report Download - page 126

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INVACARE CORPORATION AND SUBSIDIAIRIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-54
CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS
The
company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
Year ended December 31, 2013
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 241,871 $ 460,960 $ 720,978 $ (89,304) $ 1,334,505
Cost of products sold . . . . . . . . . . . . . . . . . 211,896 338,650 506,308 (89,775) 967,079
Gross Profit . . . . . . . . . . . . . . . . . . . . 29,975 122,310 214,670 471 367,426
Selling, general and administrative
expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . 123,377 93,731 177,530 2,694 397,332
Charge related to restructuring activities . . 6,356 79 2,901 — 9,336
Asset write-downs to intangibles and
goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,250 273 — 1,523
Income (loss) from equity investee . . . . . . 133,350 29,644 286 (163,280) —
Interest (income) expense—net . . . . . . . . . (1,661) 3,353 1,002 — 2,694
Earnings (Loss) from Continuing
Operations Before Income Taxes. . . 35,253 53,541 33,250 (165,503)(43,459)
Income taxes (benefit) . . . . . . . . . . . . . . . . 2,202 (1,785) 10,458 — 10,875
Net Earnings (Loss) from
Continuing Operations . . . . . . . . . . . 33,051 55,326 22,792 (165,503)(54,334)
Net Earnings from Discontinued
Operations . . . . . . . . . . . . . . . . . . . . . — 87,385 — — 87,385
Net Earnings (Loss). . . . . . . . . . . . . . 33,051 142,711 22,792 (165,503) 33,051
Other Comprehensive Income (Loss),
net of Tax. . . . . . . . . . . . . . . . . . . . . . . . . . 12,413 (2,309) 17,797 (15,488) 12,413
Comprehensive Income (Loss) . . . . . . . . $ 45,464 $ 140,402 $ 40,589 $ (180,991) $ 45,464