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Kensey Nash Announces Mediated Settlement With St. Jude Medical in Angio-Seal License Disputes and 5 Year Extension and Expansion of Collagen Supply Agreement
Date:3/16/2012

s that in order to better understand the Company's short-term and long-term operating trends, investors may wish to consider Kensey Nash's operating results excluding the impact of certain non-operating items, non-cash expenses and expenses that the Company believes are not indicative of its core operating results or future performance (such as acquisition related charges including inventory step-up and related income tax adjustments).  These items result from facts and circumstances (such as business development activities and acquisitions) that vary in frequency and impact on the Company's results of operations.  Accordingly, the Company believes that its presentation of these non-GAAP measures may enhance investors' overall understanding of the Company's historical and current financial performance.
In addition, Kensey Nash management uses these non-GAAP measures to forecast and evaluate the operational performance of the Company and for planning purposes, as well as to compare results of current periods to prior periods on a consolidated basis.Adjusted Diluted Earnings Per Share and other Non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. Investors should consider non-GAAP measures in addition to, and not as a substitute for, or as superior to, financial performance measures prepared in accordance with GAAP.


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