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(12,339)
12,339
(5)
—Operating income149,522
50,105199,627 Interest expense, net
13,834
(4,476)
(6)
9,358 Other (income), net
(1,454)
—(1,454)Income before income taxes137,142
54,581191,723 Income taxes
31,409
19,925
(7)
51,334Consolidated net income$ 105,733
$
34,656$
40,389Less: Net income attributable to noncontrolling interest(12,748)
—(12,748)Net income attributable to Endo Pharmaceuticals Holdings Inc.$
92,985
34,656$
27,641Diluted earnings per share
$ 0.77$ 1.06Diluted weighted average shares
120,516120,516Notes to reconciliation of our GAAP statements of operations to our adjusted statements of operations:(1)
To exclude amortization of commercial intangible assets related to marketed products of $30,244 and the impact of inventory step-up recorded as part of acquisition accounting of $4,875.(2)
To exclude certain start-up costs and separation benefits incurred in connection with continued efforts to enhance the company's operations.(3)
To exclude milestone and upfront payments to partners.(4)
To exclude an impairment of other intangible assets.(5)
To exclude acquisition-related costs of $41,231 as well as the impact, under purchase accounting, of a gain recorded to reflect the change in the company's current estimate of fair value, in accordance with GAAP, of the contingent consideration associated with the Indevus acquisition of ($53,570).(6)
To exclude additional interest expense as a result of adopting ASC 470-20 of $4,508 and to exclude amortization of the premium on debt acquired from Indevus of ($32).(7)
To reflect the cash tax savings results from our recent acquisitions and the tax effect of the pre-tax adjustments above at applicable tax rates. Three Mont
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