The presentation of historical non-GAAP financial measures is not meant to be considered in isolation from or as a substitute for results prepared in accordance with GAAP. We use these non-GAAP measures to supplement net earnings and other corresponding measures on a basis prepared in conformance with GAAP. These non-GAAP financial measures reflect additional ways of viewing aspects of our operations that when viewed with our GAAP results provide a more complete understanding of factors and trends affecting our business. However, investors should understand that the excluded items are actual income and expenses that may impact the cash available to us for other uses. We strongly encourage investors to consider both net earnings and cash flows determined under GAAP as compared to the non-GAAP measures presented and to perform their own analysis, as appropriate.
Reconciling Items to Non-GAAP Financial Measures
The non-GAAP measures described above exclude the following items:
a) Restructuring expenses- In January 2007, as part of our previously announced strategic supply chain management initiative, we announced the closure and relocation of certain manufacturing and distribution sites, mainly in the United States. In connection with these closures and relocations, for the fourth quarter and year ended December 31, 2008, we recorded net charges related to severance and other costs of $8.2 million and $21.4 million, respectively. These restructuring charges include a net gain of $3.2 million related to the sale of buildings and land in Hialeah, Florida. Total supply chain relocation charges for the fourth quarter and full year ended December 31, 2007 were $4.2 million and $16.9 million, respectively. b) Environmental rem
|SOURCE Beckman Coulter - IR|
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