11,739
Interest expense, net 34,699
Income taxes (3,454)
Goodwill impairment charge 22,834
Stock compensation expense 690
Severance 3,161
Cost saving initiatives 3,354
Start-up losses 1,790
Hospital closures and relocations 1,370
New Orleans operations (including joint
venture losses) 837
Sarbanes Oxley implementation 1,111
Other credit agreement add-back items 1,656
Credit Agreement EBITDA $40,041
Exercise of cure right for quarter ended
September 30, 2007 5,999
Pro Forma Credit Agreement EBITDA $46,040
Schedule 4
Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)
December 31, September 30,
Assets 2006 2007
Current assets:
Cash and cash equivalents $33,250 $13,571
Accounts receivable, net 67,464 70,586
Income taxes receivable 6,418 8,586
Other current assets 17,662 24,205
Total current assets 124,794 116,948
Property and equipment, net 78,418 78,797
Goodwill and other identifiable
intangibles, ne
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SOURCE LifeCare Holdings, Inc. Copyright©2007 PR Newswire. All rights reserved | |
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