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Equity Compensation Expense
Per Share (net of tax) $0.28 $0.15
Supplemental Sales Data. Sales for the fourth quarter and for the
fiscal year 2008 increased to $15.0 and $53.8 million up from $10.5 and
$44.9 million, respectively, in the prior fiscal year periods. Additional
details are summarized below.
Three Months Fiscal Year
Ended Year over Ended Year over
June 30, Year % June 30, Year %
($ millions) 2008 2007 Change 2008 2007 Change
Endovascular
Products $1.6 $0.8 103% $6.2 $3.8 64%
Orthopaedic
Products $8.4 $6.0 39% $29.4 $21.8 35%
Cardiovascular
Products $4.2 $3.2 29% $15.9 $17.6 (10%)
Other Products $0.8 $0.5 65% $2.3 $1.7 33%
Total Net Sales $15.0 $10.5 42% $53.8 $44.9 20%
Guidance for Fiscal Quarter Ending September 30, 2008 (First Quarter of Fiscal 2009)
At this time the Company is increasing its earnings per share guidance
for the first quarter of fiscal 2009 to a range of $0.37 to $0.38 per
share, an increase of 131% to 138% compared to adjusted diluted earnings
per share of $0.16 for the same period in fiscal year 2008. Previous
guidance for the first quarter of fiscal year 2009 was $0.34 to $0.36 per
share. This increase is primarily due to an anticipated increase in
royalties and a reduction in operating expenses. Adjusted diluted earnings
per share for the first quarter of fiscal year 2008 exclude after-tax
charges of $2.2 million, or $0.17 per share, for the acceleration of stock
awards and discontinuation of the Company's embolic protection platform.
Including these items, the 2008 first quarter reported diluted
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