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Almost Family Reports Second Quarter 2009 Results
Date:8/5/2009

measure leverage capacity and debt service ability, and to estimate current or prospective enterprise value. EBITDA is also used in certain covenants contained in our credit agreement.

The following tables set forth a reconciliation of Continuing Operations Net Income to EBITDA:


                      ALMOST FAMILY, INC. AND SUBSIDIARIES
                          RECONCILIATION OF EBITDA


                                                    Three months ended
                                                         June 30,
                                                   -------------------
                                                      2009       2008
                                                  ---------- ----------
     Net income from continuing operations        $5,998,974 $3,898,954
     Add back:
       Interest expense                              203,899    170,756
       Income tax expense                          3,834,223  2,600,457
       Depreciation and amortization                 577,780    336,468
       Amortization of stock-based compensation      442,361    207,290
                                                     -------    -------
     Earnings before interest, income taxes,
      depreciation and amortization (EBITDA)
      from continuing operations                 $11,057,237 $7,213,925
                                                 =========== ==========



                    ALMOST FAMILY, INC. AND SUBSIDIARIES
                          RECONCILIATION OF EBITDA


                                                     Six months ended
                                                         June 30,
                                                  ----------------------
                                                     2009        2008
                                                 -----------  ----------
     Net income from continuing oper
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SOURCE Almost Family, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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