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Almost Family Reports Third Quarter 2008 Results
Date:11/5/2008

axes. EBITDA is not a measure of financial performance under accounting principles generally accepted in the United States of America. It should not be considered in isolation or as a substitute for net income, operating income, cash flows from operating, investing or financing activities, or any other measure calculated in accordance with generally accepted accounting principles. The items excluded from EBITDA are significant components in understanding and evaluating financial performance and liquidity. Management routinely calculates and communicates EBITDA and believes that it is useful to investors because it is commonly used as an analytical indicator within our industry to evaluate performance, 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

RECONCILIATION OF EBITDA: Three months ended September 30,

2008 2007

Net income from continuing operations $4,723,772 $1,955,711

Add back:

Interest expense 355,077 153,480

Income taxes 2,729,479 1,261,360

Depreciation and amortization 509,545 196,812

Amortization of stock-based compensation 194,130 130,497

Earnings before interest, income taxes,

depreciation and amortization (EBITDA)

from continuing operation $8,512,002 $3,697,860

ALMOST FAMILY, INC. AND SUBSIDIARIES

RECONCILIATION OF EBITDA

RECONCILIATIO
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SOURCE Almost Family, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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