December 31, Year Ended December 31,
2007 2006 2007 2006
Net income $6,229 $5,350 $20,527 $22,549
Interest expense, net 622 647 3,286 2,218
Provision for income taxes
3,858 3,564 12,905 14,125
Depreciation and amortization 1,962 1,360 6,966 4,221
Facility rent -- cost of
services 4,164 4,144 16,675 16,404
EBITDAR $16,835 $15,065 $60,359 $59,517
Discussion of Non-GAAP Financial Measures
EBITDAR consists of net income before (a) interest expense, net, (b) provisions for income taxes, (c) depreciation and amortization, and (d) facility rent-cost of services. The Company believes that the presentation of EBITDAR provides important supplemental information to management and investors to evaluate the Company's operating performance. This non-GAAP financial measure should not be relied upon to the exclusion of GAAP financial measures. For further information regarding why the Company believes that this non-GAAP measure provides useful information to investors, the specific manner in which management uses this measure, and some of the limitations associated with the use of this measure, please refer to the Company's Report on Form 10-K filed today with the SEC. The Form 10-K is available on the SEC's website at http://www.sec.gov or under the "Financial Information" link of the Investor Relations section of Ensign's website.
|SOURCE The Ensign Group, Inc.|
Copyright©2008 PR Newswire.
All rights reserved