EXHIBIT 99.2
RECONCILIATION OF OPERATING INCOME BEFORE DEPRECIATION AND AMORTIZATION (“OIBDA”) TO GAAP FINANCIAL MEASURES
(in thousands)
|
| Fiscal Year |
| Fiscal Year |
| Fiscal Year |
| |||
Operating income (loss) |
| $ | 29,452 |
| $ | 8,688 |
| $ | (12,246 | ) |
|
|
|
|
|
|
|
| |||
Adjusted for: |
|
|
|
|
|
|
| |||
Depreciation of property and equipment |
| 3,698 |
| 3,781 |
| 3,897 |
| |||
Amortization of intangible assets |
| 5,257 |
| 7,212 |
| 10,612 |
| |||
OIBDA |
| 38,407 |
| 19,681 |
| 2,263 |
| |||
|
|
|
|
|
|
|
| |||
Adjusted for: |
|
|
|
|
|
|
| |||
Depreciation of property and equipment |
| (3,698 | ) | (3,781 | ) | (3,897 | ) | |||
Amortization of intangible assets |
| (5,257 | ) | (7,212 | ) | (10,612 | ) | |||
Operating income (loss) |
| 29,452 |
| 8,688 |
| (12,246 | ) | |||
|
|
|
|
|
|
|
| |||
Nonoperating income (expense) |
|
|
|
|
|
|
| |||
Investment income |
| 363 |
| 125 |
| 786 |
| |||
Interest expense |
| (16,309 | ) | (15,147 | ) | (13,970 | ) | |||
Amortization of deferred financing fees |
| (1,407 | ) | (993 | ) | (905 | ) | |||
Minority interest |
| (1,660 | ) | (1,724 | ) | (704 | ) | |||
Debt extinguishment expenses |
| (3,264 | ) | — |
| — |
| |||
Equity in operations of investments |
| (80 | ) | 279 |
| (746 | ) | |||
Litigation settlement |
| (8,500 | ) | — |
| — |
| |||
Vendor settlement |
| — |
| 750 |
| — |
| |||
Other, net |
| (1,185 | ) | (569 | ) | (542 | ) | |||
Total nonoperating expense |
| (32,042 | ) | (17,279 | ) | (16,081 | ) | |||
Loss before income taxes and cumulative effect of change in accounting principle |
| (2,590 | ) | (8,591 | ) | (28,327 | ) | |||
Income tax expense |
| (4,967 | ) | (8,544 | ) | (996 | ) | |||
Loss before cumulative effect of change in accounting principle |
| (7,557 | ) | (17,135 | ) | (29,323 | ) | |||
Cumulative effect of change in accounting principle (net of tax) |
| — |
| — |
| (4,218 | ) | |||
Net loss |
| $ | (7,557 | ) | $ | (17,135 | ) | $ | (33,541 | ) |