Exhibit 99
Condensed Consolidated Statements of Cash Flows
As previously reported on website | As revised on November 3, 2005 | |||||||||||||||
(in thousands) (unaudited)
| Three months ended September 30, 2005 | Nine months ended September 30, 2005 | Three months ended September 30, 2005 | Nine months ended September 30, 2005 | ||||||||||||
Cash flows provided by operating activities | $ | 8,491 | $ | 15,460 | $ | 3,743 | $ | 10,712 | ||||||||
Cash flows used in investing activities | (4,908 | ) | (14,766 | ) | (4,908 | ) | (14,766 | ) | ||||||||
Cash flows (used in ) provided by financing activities | (7,957 | ) | (1,521 | ) | (3,174 | ) | 3,262 | |||||||||
Effect of foreign exchange rate changes on cash | 22 | (569 | ) | (13 | ) | (604 | ) | |||||||||
Increase (decrease) in cash and cash equivalents | $ | (4,352 | ) | $ | (1,396 | ) | $ | (4,352 | ) | $ | (1,396 | ) | ||||
Free Cash Flow and Adjusted Free Cash Flow | ||||||||||||||||
Free cash flow is an additional measurement used by management to evaluate the liquidity of the business. Free cash flow measures operating cash flows less purchases of property and equipment. In addition, management also evaluates liquidity using an adjusted free cash flow measurement, which excludes the cash flows associated with litigation settlement payments and related recoveries. | ||||||||||||||||
Reconciliation of Free Cash Flow and Adjusted Free Cash Flow to Cash Flows Provided by Operating Activities
|
| |||||||||||||||
As previously reported on website | As revised on November 3, 2005 | |||||||||||||||
(in thousands) (unaudited)
| Three months ended September 30, 2005 | Nine months ended September 30, 2005 | Three months ended September 30, 2005 | Nine months ended September 30, 2005 | ||||||||||||
Cash flows provided by operating activities | $ | 8,491 | $ | 15,460 | $ | 3,743 | $ | 10,712 | ||||||||
Less: Purchases of property and equipment | (4,908 | ) | (14,837 | ) | (4,908 | ) | (14,837 | ) | ||||||||
Free Cash Flow | $ | 3,583 | $ | 623 | $ | (1,165 | ) | $ | (4,125 | ) | ||||||
Cash flows associated with litigation settlement payments (1) | (4,100 | ) | 7,980 | (4,100 | ) | 7,980 | ||||||||||
Adjusted Free Cash Flow | $ | (517 | ) | $ | 8,603 | $ | (5,265 | ) | $ | 3,855 | ||||||
(1) | Cash flows associated with the litigation settlement payments reflect the $14,750 settlement amount paid less the $6,770 of insurance proceeds received, of which $4,100 was received in the third quarter. These settlement payments do not include any amounts paid or received relating to litigation costs. |