Print Page  |  Close Window

SEC Filings

8-K
NN INC filed this Form 8-K on 11/05/2015
Entire Document
 


NN, Inc.

Reconciliation of Non-GAAP to GAAP Financial Measures

(Unaudited)

Reconciliation of net income to adjusted net income:

 

                                                                                                                   
    

Three Months Ended

September 30, 2015

    

Three Months Ended

September 30, 2014

 
     (In Thousands)      Diluted
Earnings
Per Share
     (In Thousands)      Diluted
Earnings Per
Share
 

Net Income

   $ 4,630       $ 0.17       $ (3,840    $ (0.21

After tax acquisition and integration expenses

     3,372         0.13         9,222         0.50   

After-tax foreign exchange gain on inter-company loans

     284         0.01         880         0.05   
  

 

 

    

 

 

    

 

 

    

 

 

 

Adjusted Net Income

   $ 8,286       $ 0.31       $ 6,262       $ 0.34   
  

 

 

    

 

 

    

 

 

    

 

 

 

Reconciliation of net income to adjusted net income:

 

                                                                                                                   
    

Nine Months Ended

September 30, 2015

    

Nine Months Ended

September 30, 2014

 
     (In Thousands)      Diluted
Earnings
Per Share
     (In Thousands)      Diluted
Earnings Per
Share
 

Net Income

   $ 17,584       $ 0.86       $ 6,599       $ 0.36   

After tax acquisition and integration expenses

     3,808         0.19         10,354         0.57   

After-tax foreign exchange loss on inter-company loans

     939         0.04         880         0.05   
  

 

 

    

 

 

    

 

 

    

 

 

 

Adjusted Net Income

   $ 22,331       $ 1.09       $ 17,833       $ 0.98   
  

 

 

    

 

 

    

 

 

    

 

 

 

Reconciliation of income from operations to adjusted income from operations:

 

                                                                                                                   
    

Three Months

Ended

September 30,

2015

    

Three Months

Ended

September 30,

2014

    

Nine Months

Ended

September 30,

2015

    

Nine Months

Ended

September 30,

2014

 
     (In Thousands)      (In Thousands)      (In Thousands)      (In Thousands)  

Income from operations

   $ 10,122       $ 2,552       $ 37,645       $ 19,127   

Acquisition and integration expenses

     5,138         8,088         5,819         9,858   
  

 

 

    

 

 

    

 

 

    

 

 

 

Adjusted Income from operations

   $ 15,260       $ 10,640       $ 43,464       $ 28,985   
  

 

 

    

 

 

    

 

 

    

 

 

 

The Company discloses in this press release the non-GAAP financial measures of adjusted income from operations and adjusted net income. Each of adjusted income from operations and adjusted net income provide supplementary information about the impacts of acquisition related expenses and foreign-exchange impacts on intercompany loans. We believe the presentation of adjusted income from operations and adjusted net income provides useful information in assessing our results of operations and potential future results. These measures should not be considered as an alternative to their comparable GAAP measures, nor should they be considered in isolation, or as a substitute for analysis of our results reported under GAAP.