EXHIBIT 99.1
Bausch & Lomb Incorporated Adoption of SFAS No. 142
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The company adopted SFAS No. 142 in the fiscal year beginning December 30, 2001. The following table reflects consolidated net income and net income per share adjusted as though the adoption of SFAS No. 142 was effective for the years ended December 29, 2001, December 30, 2000 and December 25, 1999:
Year ended | |||
December 29, | December 30, | December 25, | |
Reported net income | $ 21.2 | $ 83.4 | $ 444.8 |
Goodwill amortization (net of tax $8.9, |
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Amortization of intangibles reclassified |
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Amortization of trade names due to |
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Adjusted net income | $ 38.6 | $ 99.7 | $ 460.3 |
Basic earnings per share: | |||
Reported net income per share | $ 0.39 | $ 1.54 | $ 7.76 |
Goodwill amortization | 0.31 | 0.25 | 0.23 |
Amortization of intangibles reclassified |
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Amortization of trade names due to |
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Adjusted net income per share | $ 0.71 | $ 1.85 | $ 8.03 |
Diluted earnings per share: | |||
Reported net income per share | $ 0.39 | $ 1.52 | $ 7.59 |
Goodwill amortization | 0.31 | 0.24 | 0.22 |
Amortization of intangibles reclassified |
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Amortization of trade names due to change in accounting estimate |
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Adjusted net income per share | $ 0.71 | $ 1.82 | $ 7.86 |