52,05855,758Cash and cash equivalents, end of period$
52,863 Reconciliation of GAAP to Non-GAAP Financial Measures(In thousands of U.S. dollars)(Unaudited)Adjusted EBITDA (non-GAAP):Three Months Ended September 27,2013September 28,2012Net income (loss) attributable to GSI Group Inc. (GAAP)$
(2,534)Interest income (expense), net
839656Income tax provision
1,610563Depreciation and amortization
1,3441,156Restructuring and other costs
1,6412,728Acquisition fair value adjustments
74—Loss from discontinued operations, net of tax
1134,570Loss on disposal of discontinued operations, net of tax
281—Other income (expense), net
1,097518Adjusted EBITDA (Non-GAAP)$
The Company defines Adjusted EBITDA, a non-GAAP financial measure, as the net income (loss) attributable to GSI Group Inc. before deducting interest income (expense), net, income taxes, depreciation, amortization, non-cash share-based compensation, restructuring and other costs, acquisition fair value adjustments, loss from discontinued operations, net of tax, loss on disposal of discontinued operations, net of tax, and other non-operating income (expense) items, including foreign exchange gains (losses) and earnings from an equity-method investment. Restructuring costs and other costs primarily relate to the Company's restructuring programs.
In evaluating Adjusted EBITDA, you should be aware that in the future the Company may incur expenses that are the same as, or similar to, some of the adjustments in this presentation. The presentation of Adjusted EBITDA should not be construed as an inference that future results will not be affected by unusual or non-recurring items.
Net Debt (non-GAAP)
|SOURCE GSI Group Inc.|
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