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Shamir Optical Industry Ltd. Reports Third Quarter 2008 Results
Date:11/26/2008

5,718 7,525 Equity in losses (earnings) of affiliates, net 16 11 19 (14) Minority interest in losses of subsidiaries (402) (18) (934) (180) Net income $2,303 $2,206 $6,633 $7,719 Net earnings per share: Basic $0.14 $0.13 $0.41 $0.47 Diluted $0.14 $0.13 $0.40 $0.47 Number of shares: Basic 16,418 16,424 16,311 16,424 Dilutive 16,568 16,527 16,553 16,532 SHAMIR OPTICAL INDUSTRY LTD. Reconciliation of Non-GAAP Operating Income and Net Income (US dollars in thousands, except per share data) Three Months Ended Nine Months Ended September 30, September 30, 2007 2008 2007 2008 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Operating income $3,169 $2,947 $9,203 $10,457 Non-GAAP adjustment: Stock based compensation (248) (45) (741) (593) Amortization of intangible assets (277) (344) (757) (1,035) Compensation to former CEO - (434) - (434) Non-GAAP operating income $3,694 $3,770 $10,701 $12,519 Net income $2,303 $2,206 $6,633 $7,719 Non-GAAP adjustment: Stock based compensation (248) (45) (741) (593) Amortization of intangible assets, net (228) (265) (616) (820) Compensation to former
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