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Life Technologies Announces Second Quarter 2011 Results
Date:7/28/2011

;font-size:8pt;">$
.96Diluted earnings per share attributable to controlling interest

$
.52
$
.89
$
.58
$
.91
Weighted average shares used in per share calculation:Basic179,031179,031182,484182,484Diluted184,761184,761191,084191,084(1)  The Company reports Non-GAAP results, which excludes business consolidation costs, amortization of purchase accounting adjustments to deferred revenue, fair market value adjustments to contingent consideration liabilities, charges for inventory revaluation, amortization of acquired intangibles and depreciation of acquired property, plant, and equipment to provide a supplemental comparison of the results of operations.  In addition, charges related to non-cash interest expense incurred as a result of the retrospective application of the bifurcation requirement between equity and debt prescribed by the Financial Accounting Standards Board Accounting Standards Codification, or ASC, Topic of Debt with Conversion and Other Options, charges associated with discontinued products, and the impact from the divestiture of our joint venture have been excluded from Non-GAAP results.   (2)  Add back revenue related to returns of a discontinued product of $2.8 million and fair value amortization of purchased deferred revenue of $0.8 million for the three months ended June 30, 2011. Add back fair value amortization of purchased deferred revenue of $1.8 million for the three months ended June 30, 2010.   (3)  Add back charges for inventory reserves related to a discontinued product of $2.1 million for the three months ended June 30, 2011 and add bac
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SOURCE Life Technologies Corporation
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