Print Page      Close Window     

SEC Filings

8-K
AMERICAN OUTDOOR BRANDS CORP filed this Form 8-K on 09/07/2017
Entire Document
 


RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES

(Dollars in thousands, except per share data)

(Unaudited)

 

     For the Three Months Ended  
     July 31, 2017     July 31, 2016  
     $     % of
Sales
    $     % of
Sales
 

GAAP gross profit

   $ 40,632       31.5   $ 87,569       42.3
  

 

 

   

 

 

   

 

 

   

 

 

 

GAAP operating expenses

   $ 43,832       34.0   $ 35,045       16.9

Amortization of acquired intangible assets

     (5,685     -4.4     (2,544     -1.2

Transition costs

     (312     -0.2     —         —    

Discontinued operations

     —         —         (21     0.0

Acquisition-related costs

     (417     -0.3     (1,333     -0.6
  

 

 

   

 

 

   

 

 

   

 

 

 

Non-GAAP operating expenses

   $ 37,418       29.0   $ 31,147       15.1
  

 

 

   

 

 

   

 

 

   

 

 

 

GAAP operating (loss)/income

   $ (3,200     -2.5   $ 52,524       25.4

Amortization of acquired intangible assets

     5,685       4.4     2,544       1.2

Transition costs

     312       0.2     —         —    

Discontinued operations

     —         —         21       0.0

Acquisition-related costs

     417       0.3     1,333       0.6
  

 

 

   

 

 

   

 

 

   

 

 

 

Non-GAAP operating income

   $ 3,214       2.5   $ 56,422       27.3
  

 

 

   

 

 

   

 

 

   

 

 

 

GAAP net (loss)/income

   $ (2,165     -1.7   $ 35,222       17.0

Amortization of acquired intangible assets

     5,685       4.4     2,544       1.2

Transition costs

     312       0.2     —         —    

Discontinued operations

     —         —         21       0.0

Acquisition-related costs

     417       0.3     1,333       0.6

Change in contingent consideration

     (1,300     -1.0     —         —    

Tax effect of non-GAAP adjustments

     (1,790     -1.4     (1,380     -0.7
  

 

 

   

 

 

   

 

 

   

 

 

 

Non-GAAP net income

   $ 1,159       0.9   $ 37,740       18.2
  

 

 

   

 

 

   

 

 

   

 

 

 

GAAP net (loss)/income per share-diluted

   $ (0.04     $ 0.62    

Amortization of acquired intangible assets

     0.10         0.04    

Transition costs

     0.01         —      

Discontinued operations

     —           —      

Acquisition-related costs

     0.01         0.02    

Change in contingent consideration

     (0.02       —      

Tax effect of non-GAAP adjustments

     (0.03       (0.02  
  

 

 

     

 

 

   

Non-GAAP net income per share-diluted (a)

   $ 0.02       $ 0.66    
  

 

 

     

 

 

   

 

(a) Non-GAAP net income per share does not foot due to rounding.

 

Page 7 of 8