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$
29,234$
27,759Interest received
$
2,222$
2,594Income taxes paid
$
53,216$
83,494Income taxes refunded
$
830$
1,303See accompanying notes to condensed consolidated financial statements.Table IPERRIGO COMPANYRECONCILIATION OF NON-GAAP MEASURES(in thousands, except per share amounts)(unaudited)Three Months EndedConsolidatedMarch 31, 2012March 26, 2011% ChangeGAAPNon-GAAP AdjustmentsAs AdjustedGAAPNon-GAAP AdjustmentsAs AdjustedGAAPAs AdjustedNet sales
$
778,017$
-$
778,017$
91,563$
-$
91,56313 %13 %Cost of sales
498,74413,505
(a)
485,239452,4297,703
(a)
444,72610 %9 %Gross profit
279,27313,505292,778239,1347,703246,83717 %19 %Operating expensesDistribution
10,181-10,1818,525-8,52519 %19 %Research and development
27,950-27,95023,511-23,51119 %19 %Selling and administration
87,9915,027
(a)
82,96484,1855,095
(a,d)
79,0905 %5 %Restructuring
7,0817,081
(b)
------Total operating expenses
133,20312,108121,095116,2215,095111,12615 %9 %Operating income
146,07025,613171,683122,91312,798135,71119 %27 %Interest, net
16,651-16,65110,915-10,91553 %53 %Other income, net
(5,202)-(5,202)(753)-(753)591 %591 %Income from continuing operations before income taxes
134,62125,613160,234112,75112,798125,54919 %28 %Income tax expense
18,8948,661
(c)
27,55521,2204,117
(c)
25,337(11)%9 %Income from continuing operations
$
5,727$
,952$
32,679$
91,531$
8,681$
,21226 %32 %Dilut
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