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Par Pharmaceutical Reports Adjusted EPS of $0.49 for First Quarter 2009
Date:5/6/2009

Income from continuing operations 16,255 1,383 Discontinued operations: Gain from discontinued operations - 505 Provision for income taxes 176 445 (Loss) gain from discontinued operations (176) 60 Net income $16,079 $1,443 Basic earnings per share of common stock: Income from continuing operations $0.48 $0.04 (Loss) gain from discontinued operations 0.00 0.00 Net income $0.48 $0.04 Diluted earnings per share of common stock: Income from continuing operations $0.48 $0.04 (Loss) gain from discontinued operations 0.00 0.00 Net income $0.48 $0.04 Weighted average number of common shares outstanding: Basic 33,603 33,220 Diluted 33,772 33,587 Reconciliation Between Reported (GAAP) and Adjusted Net Income (Loss) (In thousands, except per share data) (Unaudited) Three Months Ended March 28, March 29, 2009 2008 Reported Net Income $16,079 $1,443 Change in Estimate Related to Final Pentech Settlement (3,412) - Restructuring Costs 1,401 - Milestone Payments 1,000 5,000 Non-cash Interest Expense (FSP APB 14-1) 1,593
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SOURCE Par Pharmaceutical Companies, Inc.
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