EXHIBIT 99.1
Part II
Item 6. Selected Financial Data
The selected consolidated financial data has been restated as a result of the discontinued businesses. The following selected consolidated financial data should be read in conjunction with our consolidated financial statements and related notes thereto and with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” which are incorporated in Item 7 or included elsewhere in this Report on Form 10-K. Our historical results are not necessarily indicative of operating results to be expected in the future.
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| Year Ended December 31, |
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| 2004 |
| 2005 |
| 2006 |
| 2007 |
| 2008 |
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| (All amounts except per share data in millions) |
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Consolidated Statements of Operations Financial Data: |
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Revenues |
| $ | 93.7 |
| $ | 130.7 |
| $ | 138.2 |
| $ | 180.7 |
| $ | 286.2 |
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Gross profit |
| 22.7 |
| 29.8 |
| 26.2 |
| 29.7 |
| 58.2 |
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Operating income (loss) |
| (16.9 | ) | (0.9 | ) | (25.9 | ) | (23.6 | ) | (93.2 | ) | |||||
Provision (benefit) for income taxes |
| (8.5 | ) | (1.8 | ) | 14.5 |
| 1.3 |
| (0.7 | ) | |||||
Income (loss) from continuing operations |
| (11.2 | ) | 1.2 |
| (41.2 | ) | (27.2 | ) | (104.0 | ) | |||||
Income (loss) from discontinued operations |
| 26.2 |
| 0.4 |
| (16.7 | ) | (13.6 | ) | (7.1 | ) | |||||
Net income (loss) |
| $ | 15.0 |
| $ | 1.6 |
| $ | (57.9 | ) | $ | (40.8 | ) | $ | (111.1 | ) |
Income (loss) from continuing operations per common share |
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Basic |
| $ | (0.17 | ) | $ | (0.02 | ) | $ | (0.56 | ) | $ | (0.37 | ) | $ | (1.12 | ) |
Diluted |
| $ | (0.17 | ) | $ | (0.02 | ) | $ | (0.56 | ) | $ | (0.37 | ) | $ | (1.12 | ) |
Income (loss) from discontinued operations per common share |
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Basic |
| $ | 0.39 |
| $ | 0.00 |
| $ | (0.23 | ) | $ | (0.18 | ) | $ | (0.08 | ) |
Diluted |
| $ | 0.39 |
| $ | 0.00 |
| $ | (0.23 | ) | $ | (0.18 | ) | $ | (0.08 | ) |
Net income (loss) per common share |
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Basic |
| $ | 0.22 |
| $ | 0.02 |
| $ | (0.79 | ) | $ | (0.55 | ) | $ | (1.20 | ) |
Diluted |
| $ | 0.22 |
| $ | 0.02 |
| $ | (0.79 | ) | $ | (0.55 | ) | $ | (1.20 | ) |
Weighted average shares: |
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Basic |
| 67.7 |
| 74.0 |
| 73.5 |
| 74.0 |
| 92.6 |
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Diluted |
| 67.7 |
| 74.0 |
| 73.5 |
| 74.0 |
| 92.6 |
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| As of December 31, |
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| 2004 |
| 2005 |
| 2006 |
| 2007 |
| 2008 |
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| (All amounts in millions) |
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Consolidated Balance Sheet Data: |
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Cash and cash equivalents |
| $ | 49.5 |
| $ | 7.4 |
| $ | 5.6 |
| $ | 8.9 |
| $ | 3.7 |
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Short-term investments |
| 7.6 |
| — |
| — |
| — |
| — |
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Working capital |
| 98.6 |
| 67.4 |
| (3.8 | ) | 23.4 |
| 35.0 |
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Total assets |
| 330.7 |
| 342.0 |
| 337.7 |
| 335.3 |
| 312.4 |
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Short-term debt |
| 1.9 |
| 0.7 |
| 51.4 |
| 2.7 |
| 6.1 |
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Long-term debt |
| — |
| — |
| — |
| 74.0 |
| 76.9 |
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Total stockholders’ equity |
| $ | 219.6 |
| $ | 229.7 |
| $ | 187.1 |
| $ | 167.2 |
| $ | 146.9 |
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