quarter of 2006.
-- Adjusted income from continuing operations increased 35% to $15.3
million for the fourth quarter of 2007, compared to $11.3 million for
the fourth quarter of 2006. GAAP income from continuing operations
increased 72% to $15.5 million for the fourth quarter of 2007, compared
to $9.0 million for the fourth quarter of 2006.
-- Adjusted diluted earnings per share (EPS), including stock compensation
expense, increased 27% to $0.47 for the fourth quarter of 2007,
compared to $0.37 for the fourth quarter of 2006. GAAP diluted EPS
increased 62% to $0.47 for the fourth quarter of 2007, compared to
$0.29 for the fourth quarter of 2006.
Full Year 2007 Results from Continuing Operations:
-- Total revenues increased 28% to $977.3 million for 2007, compared to
$766.2 million for 2006. Net revenues increased 26% to $796.7 million,
compared to $631.6 million for 2006. Pro-forma organic net revenue
growth for 2007 was 13% compared to the same period last year.
-- Adjusted operating income increased 25% to $102.2 million for 2007,
compared to $81.6 million for 2006. GAAP operating income increased
21% to $94.8 million for 2007, compared to $78.1 million for 2006.
-- Adjusted income from continuing operations increased 25% to $51.3
million for 2007, compared to $41.0 million for 2006. GAAP income from
continuing operations decreased 4% to $47.2 million for 2007, compared
to $49.2 million for 2006. This decrease is reflective of the $1.0
million and $9.1 million of tax benefits recognized in 2007 and 2006,
respectively, as described in note (1).
-- Adjusted diluted EPS, including stock compensation expense, increased
16% to $1.59 for 2007, compared to $1.37 for 2006. GAAP diluted EPS
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