Invacare 2015 Annual Report Download - page 133

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INVACARE CORPORATION AND SUBSIDIAIRIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-61
The description of significant items affecting continuing operations for each quarter presented are detailed below. The
company has classified Altimate as a discontinued operation for all periods presented.
Loss and loss per share for the quarter ended March 31, 2015 reflects restructuring charges of $240,000 ($240,000 after tax
or $0.01 per share assuming dilution) and increased amortization expense related to the write-off of debt fees related to a debt
amendment of $668,000 ($668,000 after tax or $0.02 per share assuming dilution).
Loss and loss per share for the quarter ended June 30, 2015 reflects restructuring charges of $689,000 ($635,000 after tax
or $0.02 per share assuming dilution).
Loss and loss per share for the quarter ended September 30, 2015 reflects a tax expense impact as a result of goodwill
deducted for tax purposes from the sale of the rentals business of $3,400,000 ($0.11 per share assuming dilution).
Loss and loss per share for the quarter ended December 31, 2015 reflects recall warranty expense reversal of $2,325,000
($2,325,000 after tax or $0.07 per share assuming dilution) and restructuring charges of $1,031,000 pre-tax ($957,000 after tax
or $0.03 per share assuming dilution).
Loss and loss per share for the quarter ended March 31, 2014 reflects restructuring charges of $2,240,000 ($1,811,000 after
tax or $0.06 per share assuming dilution), incremental recall warranty expense of $2,237,000 ($2,100,000 after tax or $0.07 per
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 charge 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 ($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).