Hologic Announces Fourth Quarter and Fiscal 2009 Operati...(174000 (1) Amortization of a...),Health

Date:11/9/2009

174,000 (1) Amortization of acquired intangible assets 54,000 (1) Non-cash interest expense relating to recently-issued accounting guidance for convertible debt 71,000 (2) Income tax effect of reconciling items (109,000) (3) --------- Projected Non-GAAP Net Income $300,000 - $310,000 260,000 (4) $1.15 - $1.19 =================== ======= ============= Explanatory Notes: (1) To exclude the on-going, non-cash amortization of the intangible assets. (2) To exclude the additional non-cash interest expense. (3) To reflect an estimated annual effective tax rate of 36% for the first quarter and full year of fiscal 2010 on a non-GAAP basis. (4) To reflect estimated diluted weighted average shares outstanding of 260,000 for the first quarter and full year of fiscal 2010, respectively.

Use of Non-GAAP Financial Measures:

The Company has presented the following non-GAAP financial measures in this press release: adjusted net income; adjusted EPS; and adjusted EBITDA. The Company defines its non-GAAP net income to exclude the non-cash amortization of intangible assets acquired by the Company since 2006 and impairment of goodwill and intangible assets, other acquisition-related charges, such as charges associated with the write-off of acquired in-process research and development and the write-up of acquired inventory to fair value, non-cash charges resulting from changes in GAAP, and other one-time, nonrecurring, unusual or unanticipated charges, expenses or gains. As set forth in the applicable reconciliation tables above, non-GAAP adjusted net income and non-GAAP adjusted EPS for the periods presented exclude the following items from GAAP net income (lo
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SOURCE Hologic, Inc. Copyright©2009 PR Newswire. All rights reserved

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