EXHIBIT 99.3
FINANCIAL GUIDANCE SUMMARY
2006 Financial Guidance
(in millions, except per share amounts)
(in millions, except per share amounts)
Three Months Ended | Year Ended | |||||||||||||||||||
Nine Months Ended | December 31,2006 | December 31, 2006 | ||||||||||||||||||
September 30, 2006 | Range | Range | ||||||||||||||||||
Revenue | $ | 173.3 | $ | 73.5 | $ | 76.5 | $ | 246.8 | $ | 249.8 | ||||||||||
Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) (a) | 30.8 | 19.3 | 20.5 | 50.1 | 51.3 | |||||||||||||||
Adjusted EBITDA per diluted common share | $ | 0.28 | $ | 0.33 | $ | 0.35 | $ | 0.86 | $ | 0.88 | ||||||||||
Interest income | 4.1 | 0.9 | 1.0 | 5.0 | 5.1 | |||||||||||||||
Depreciation and amortization | (12.6 | ) | (6.7 | ) | (6.4 | ) | (19.3 | ) | (19.0 | ) | ||||||||||
Non-cash advertising | (4.5 | ) | (2.7 | ) | (2.5 | ) | (7.2 | ) | (7.0 | ) | ||||||||||
Non-cash stock-based compensation | (21.2 | ) | (5.4 | ) | (5.1 | ) | (26.6 | ) | (26.3 | ) (b) | ||||||||||
Income tax provision | (0.9 | ) | (1.1 | ) | (0.9 | ) | (2.0 | ) | (1.8 | ) | ||||||||||
Net income (loss) | $ | (4.3 | ) | $ | 4.3 | $ | 6.6 | $ | (0.0 | ) | $ | 2.3 | ||||||||
Net income (loss) per common share: | ||||||||||||||||||||
Basic | $ | (0.08 | ) | $ | 0.08 | $ | 0.12 | $ | (0.00 | ) | $ | 0.04 | ||||||||
Diluted | $ | (0.08 | ) | $ | 0.07 | $ | 0.11 | $ | (0.00 | ) | $ | 0.04 | ||||||||
Weighted-average shares outstanding used in computing net income (loss) per common share: | ||||||||||||||||||||
Basic | 56.1 | 56.2 | 56.2 | 56.1 | 56.1 | |||||||||||||||
Diluted | 56.1 | 59.0 | 59.0 | 58.2 | 58.2 |
(a) | See Annex A — Explanation of Non-GAAP Financial Measures. | |
(b) | Includes approximately $22.0 or $0.38 per diluted share relating to the adoption of FAS 123R on January 1, 2006. |
FINANCIAL GUIDANCE SUMMARY
2007 Financial Guidance
(in millions, except per share amounts)
(in millions, except per share amounts)
Year Ended | ||||||||
December 31, 2007 | ||||||||
Range | ||||||||
Revenue | $ | 330.0 | $ | 340.0 | ||||
Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) (a) | 72.0 | 78.0 | ||||||
Adjusted EBITDA per diluted common share | $ | 1.20 | $ | 1.30 | ||||
Interest income | 7.6 | 8.7 | ||||||
Depreciation and amortization | (33.6 | ) | (32.4 | ) | ||||
Non-cash advertising | (5.1 | ) | (5.1 | ) | ||||
Non-cash stock-based compensation | (22.4 | ) | (21.6 | ) | ||||
Income tax provision | (5.5 | ) | (4.6 | ) | ||||
Net income | $ | 13.0 | $ | 23.0 | ||||
Net income per common share: | ||||||||
Basic | $ | 0.23 | $ | 0.40 | ||||
Diluted | $ | 0.22 | $ | 0.38 | ||||
Weighted-average shares outstanding used in computing net income per common share: | ||||||||
Basic | 57.1 | 57.1 | ||||||
Diluted | 60.0 | 60.0 |
(a) | See Annex A — Explanation of Non-GAAP Financial Measures |