Non-cash stock-based compensation (3,712) (5,363)
Impairment of auction rate securities (27,406) -
Income tax provision (3,104) (210)
Income (loss) from continuing operations (23,335) 735
Loss from discontinued operations,
net of tax - (29)
Net income (loss) $(23,335) $706
Basic income (loss) per common share:
Income (loss) from continuing
operations $(0.40) $0.01
Loss from discontinued operations - (0.00)
Net Income (loss) $(0.40) $0.01
Diluted income (loss) per common share:
Income (loss) from continuing
operations $(0.40) $0.01
Loss from discontinued operations - (0.00)
Net Income (loss) $(0.40) $0.01
Weighted-average shares outstanding
used in computing basic and diluted net
income (loss) per common share:
Basic 57,636 56,976
Diluted 57,636 59,630
(a) See Annex A - Explanation of Non-GAAP Financial Measures
(b) Reconciliation of Adjusted EBITDA to net income (loss)
(c) Three months ended March 31, 2008 Adjusted EBITDA per share is
calculated based on 59,145 diluted shares.
WEBMD HEALTH CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, unaudited)
March 31, December 31,
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