LCA-Vision Announces Fourth Quarter and Full Year 2008 Financi...(814 Net investment (loss) income ...),Health

Date:2/10/2009

814 Net investment (loss) income (2,366) 1,075 (1,524) 5,953 Other income (loss), net 5 (598) 23 (607) (Loss) income before taxes (11,931) 6,546 (9,258) 51,725 Income tax (benefit) expense (3,711) 2,400 (2,623) 19,221 Net (loss) income $(8,220) $4,146 $(6,635) $32,504 Net (loss) income per common share Basic $(0.44) $0.22 $(0.36) $1.66 Diluted $(0.44) $0.22 $(0.36) $1.64 Dividends declared per share $- $0.18 $0.24 $0.72 Weighted average shares outstanding Basic 18,548 18,790 18,526 19,572 Diluted 18,548 18,862 18,526 19,858

                                    LCA-VISION INC.
                               CONSOLIDATED BALANCE SHEETS

                                                             At December 31,
                                                             2008      2007
                            (Dollars in thousands, except per share amounts)
    Assets
    Current assets
      Cash and cash equivalents                             $23,648   $17,614
      Short-term investments                                 32,687    42,534
      Patient receivables, net of allowance for doubtful
       accounts of $1,465 and $2,987                          9,678    12,712
      Other accounts receivable                               2,515     5,941
      Prepaid professional fees                                 911     1,872
      Prepaid income taxes                                    8,957     6,391
      Deferred tax assets                                     4,708     3,450
      Prepaid expenses and other                              5,299  
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SOURCE  LCA-Vision Inc.
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