June 30, June 30,
Income Statement: 2008 2007 2008 2007
Net sales $181,184 $160,366 $338,840 $304,217
Cost of goods sold
(exclusive of depreciation
and amortization) 88,223 78,945 167,292 151,494
Selling, general and
administrative 67,285 59,714 127,492 114,872
Depreciation and
amortization 4,289 3,878 8,470 7,626
Income from operations 21,387 17,829 35,586 30,225
Interest expense 8,045 9,125 16,303 18,465
Income before taxes 13,342 8,704 19,283 11,760
Provision for income taxes 5,337 3,612 7,713 4,884
Net income 8,005 5,092 11,570 6,876
Less preferred stock
dividend - Series A
Convertible Preferred
Stock 5,254 416 5,670 833
Net income applicable to
common stock $2,751 $4,676 $5,900 $6,043
Basic Per Common Share Data:
Net income $0.12 $0.21 $0.26 $0.27
Shares used to compute
basic per common share
amounts 23,017,282 22,399,292 22,949,127 22,295,606
Diluted Per Common Share Data:
Net income $0.11 $0.17 $0.24 $0.23
Shares used to compute
diluted per common share
amounts 24,208,631 30,049,735 24,121,834 29,908,304
Three Months Ended Six Months Ended
Pro-forma: June 30, 2008 June 30, 2008
Net income applicable to
comm
'/>"/>
| SOURCE Hanger Orthopedic Group, Inc. Copyright©2008 PR Newswire. All rights reserved |