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

adjusted gross profit divided by total revenues.(2) Included within the Impax Pharmaceuticals Division reported results.(3) Included within the Global Pharmaceuticals Division reported results.(4) Included within Corporate and Other general and administrative expenses. Impax Laboratories, Inc.Non-GAAP Financial MeasuresThe following tables reconcile the Global Pharmaceuticals Division and the Impax Pharmaceuticals Division reported cost of revenues to adjusted cost of revenues, adjusted gross profit and adjusted gross margin.Global Pharmaceuticals Division InformationThree months endedSix months ended(unaudited, amounts in thousands)June 30,June 30,2014201320142013Cost of revenues

$ 69,872$   54,727$ 126,894$ 116,171Adjusted to deduct:Amortization and acquisition-related costs

1,8644303,564859Hayward facility remediation costs

8,6514,56217,1686,498Employee severance

1822,4118602,411Provision for inventory reserve

---13,036Intangible asset impairment charge

--2,876-Adjusted cos
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SOURCE Impax Laboratories, Inc.
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