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Impax's Second Quarter 2014 Revenues Increased 45% to $188.1 Million
Date:8/6/2014

amp;D partner milestone payment (g)

---2,000Loss on asset disposal (h)

---881Payment for licensing agreement (i)

--2,000-Income tax effect

(4,204)(5,476)(10,649)34,401Adjusted net income

$   42,294$   15,918$   58,775$   41,200Adjusted net income per diluted share

$
.60
$
.23
$
.84
$
.60
Net income per diluted share

$
.50
$
.08
$
.59
$
.62
(a) Resulting from the second quarter 2014 payment to Perrigo Company in conjunction with the Company's at risk launch of generic Astepro®, the June 2012 agreement with TOLMAR, Inc., (Tolmar) and the January 2012 agreement with AstraZeneca. Included in "Cost of revenues" on the Consolidated Statements of Operations.(b) Remediation costs relating to the Hayward, CA manufacturing facility. Included in "Cost of revenues" on the Consolidated Statements of Operations. (c) The three months and six months ended June 30, 2014 expenses are included in "Cost of revenues" on the Consolidated Statement
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SOURCE Impax Laboratories, Inc.
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