For the third quarter of 2012, the company had income from continuing operations of $4.7 million, or $0.07 per share, compared to income from continuing operations of $1.3 million, or $0.02 per share for the third quarter of 2011. Non-GAAP, income from continuing operations was $13.6 million, or $0.16 per share, for the third quarter of 2012 as compared to $13.7 million, or $0.22 per share, for the third quarter of 2011. For the first nine months of 2012, the company had a loss from continuing operations of $17.9 million, or $0.28 per share, compared to income from continuing operations of $0.7 million, or $0.01 per share for the first nine months of 2011. Non-GAAP, income from continuing operations was $26.3 million, or $0.34 per share, for the first nine months of 2012 as compared to $22.3 million, or $0.35 per share, for the first nine months of 2011. Non-GAAP income (loss) from continuing operations excludes integration, acquisition and other charges, stock-based compensation provision, restructuring, impairment and other charges, gain on bargain purchase, loss on early extinguishment of debt, net, an adjustment to income taxes to reflect an estimated cash tax rate, and an adjustment for interest expense related to the 7 percent convertible notes, "7 Percent Notes," net of taxes.
- People:
- Robert G. Burton, Sr.
- Places:
- Stamford, Connecticut