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

sted selling, general and administrative expenses.Three months endedSix months ended(Unaudited, amounts in thousands)June 30,June 30,2014201320142013Cost of revenues

$   78,349$   70,744$ 139,445$ 161,361Adjusted to deduct:Amortization and acquisition-related costs

2,5946,2255,02413,367Hayward facility remediation costs

8,6514,56217,1686,498Employee severance

1822,4118602,411Intangible asset impairment charge

--2,876-Provision for inventory reserve

---18,053Adjusted cost of revenues

$   66,922$   57,546$ 113,517$ 121,032Adjusted gross profit (1)

$ 121,199$   72,085$ 193,322$ 157,088Adjusted gross margin (1)

64.4%

SOURCE Impax Laboratories, Inc.
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