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IDEXX Laboratories Announces Second Quarter Results
Date:7/25/2014

>

5,830Purchases of property and equipment(25,410)

(46,181)Free cash flow$
97,830

$
2,133
(1) Free cash flow is a non-GAAP financial measure and is calculated from cash generated from operations, excluding tax benefits attributable to share-based compensation arrangements, reduced by the Company's investments in fixed assets. Management believes free cash flow is a useful measure because it indicates the cash the operations of the business are generating after appropriate reinvestment for recurring investments in fixed assets that are required to operate the business. Management also believes this is a common financial measure useful to further evaluate the results of operations. 

 IDEXX Laboratories, Inc. and SubsidiariesCommon Stock RepurchasesAmounts in thousands except per share data (Unaudited)Three Months EndedSix Months EndedJune 30,June 30,June 30,June 30,2014

20132014

2013Share repurchases during the period975

1,6521,591

2,384Average price paid per share
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SOURCE IDEXX Laboratories, Inc.
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