Lifetime Fitness 2008 Annual Report Download - page 79

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73
(4) The data being presented includes the center owned by Bloomingdale LLC.
The following table provides a reconciliation of net income to EBITDA:
2007 2008
1st
Quarter 2nd
Quarter
3rd
Quarter
4th
Quarter
1st
Quarter
2nd
Quarter 3rd
Quarter
4th
Quarter
(In thousands)
Net income ..........................
.
$14,134 $16,485 $18,350 $19,050 $17,404 $19,828 $21,574 $13,015
Interest expense, net ............
.
5,528 6,369 7,135 6,411 7,211 6,905 7,185 8,251
Provision for income taxes ..
.
9,395 10,931 12,374 12,520 11,724 13,471 13,700 8,329
Depreciation and
amortization ........................
.
13,687 14,678 14,917 15,732 16,590 17,190 18,720 20,447
EBITDA ..............................
.
$42,744 $48,463 $52,776 $53,713 $52,929 $57,394 $61,179 $50,042