EXHIBIT 99.1
Selected Financial Data
The following table sets forth our summary consolidated financial data for the periods presented below and our earnings per share as adjusted for the stock dividends described below. The summary consolidated financial data as of June 30, 2006 have been derived from our unaudited consolidated financial statements. Our unaudited consolidated financial statements include only normal and recurring adjustments, necessary to state fairly the data included therein.
The per share amounts shown below have been retroactively adjusted to reflect the 5% stock dividend which was paid on September 29, 2006 to stockholders of record on September 20, 2006 (see note (4) below).
Our historical results are not necessarily indicative of the results of operations for future periods, and our results of operations for the six-month period ended June 30, 2006 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2006. You should read the following summary consolidated financial data in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and related notes included in our Current Report on Form 8-K filed on June 27, 2006 and in our Quarterly Report on Form 10-Q for the period ended June 30, 2006.
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| | | Year Ended December 31, | |
| | | 2005 | | | 2004 | | | 2003 | | | 2002 | | | 2001 | |
| | | Revised(1) | | | Revised(1) | | | | | | | | | | | | | |
Statement of Operations Data: | | | | | | | | | | | | | | | | | | | | |
| Revenues(2),(5) | | $ | 478,427 | | | $ | 498,860 | | | $ | 529,385 | | | $ | 503,078 | | | $ | 447,382 | |
| Income (loss) from continuing operations | | | 39,201 | | | | 4,126 | | | | (16,132 | ) | | | (31,819 | ) | | | 21,200 | |
| Income (loss) from discontinued operations | | | 3,034 | | | | 2,689 | | | | 522 | | | | 25 | | | | (537 | ) |
| Extraordinary item | | | 6,860 | | | | — | | | | — | | | | — | | | | — | |
| Net income (loss) | | | 49,095 | | | | 6,815 | | | | (15,610 | ) | | | (31,794 | ) | | | 20,663 | |
| Per basic common share(4): | | | | | | | | | | | | | | | | | | | | |
| Income (loss) from continuing operations | | $ | 0.84 | | | $ | 0.09 | | | $ | (0.36 | ) | | $ | (0.75 | ) | | $ | 0.56 | |
| Income (loss) from discontinued operations | | | 0.07 | | | | 0.06 | | | | 0.01 | | | | — | | | | (0.01 | ) |
| Income from extraordinary item | | | 0.15 | | | | — | | | | — | | | | — | | | | — | |
| Net income (loss) applicable to common shares | | $ | 1.06 | | | $ | 0.15 | | | $ | (0.35 | ) | | $ | (0.75 | ) | | $ | 0.55 | |
| Per diluted common share(4): | | | | | | | | | | | | | | | | | | | | |
| Income (loss) from continuing operations | | $ | 0.81 | | | $ | 0.08 | | | $ | (0.36 | ) | | $ | (0.75 | ) | | $ | 0.47 | |
| Income (loss) from discontinued operations | | | 0.06 | | | | 0.06 | | | | 0.01 | | | | — | | | | (0.01 | ) |
| Income from extraordinary item | | | 0.14 | | | | — | | | | — | | | | — | | | | — | |
| Net income (loss) applicable to common shares | | $ | 1.01 | | | $ | 0.14 | | | $ | (0.35 | ) | | $ | (0.75 | ) | | $ | 0.46 | |
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| Cash distributions declared per common share(4) | | $ | 1.47 | | | $ | 1.40 | | | $ | 1.33 | | | $ | 1.27 | | | $ | 1.21 | |
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| | | June 30, | | | December 31, | | | December 31, | | | December 31, | | | December 31, | | | December 31, | |
| | | 2006 | | | 2005 | | | 2004 | | | 2003 | | | 2002 | | | 2001 | |
Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | | | | | |
| Current assets | | $ | 305,389 | | | $ | 319,099 | | | $ | 242,124 | | | $ | 314,741 | | | $ | 376,815 | | | $ | 515,727 | |
| Total assets | | | 583,687 | | | | 603,130 | | | | 535,895 | | | | 628,212 | | | | 707,270 | | | | 688,903 | |
| Current liabilities | | | 156,196 | | | | 128,100 | | | | 119,835 | | | | 173,086 | | | | 184,384 | | | | 141,629 | |
| Notes payable, embedded derivatives, long-term debt and other obligations, less current portion | | | 178,056 | | | | 282,961 | | | | 280,289 | | | | 299,977 | | | | 307,028 | | | | 225,415 | |
| Noncurrent employee benefits, deferred income taxes, minority interest and other long-term liabilities | | | 171,542 | | | | 166,425 | | | | 225,324 | | | | 201,624 | | | | 193,561 | | | | 208,501 | |
| Stockholders’ equity (deficit) | | | 77,893 | | | | 25,644 | | | | (89,553 | ) | | | (46,475 | ) | | | 22,297 | | | | 113,358 | |
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| | | For the Three Months Ended | | | For the Six Months Ended | |
| | | 30-Jun-06 | | | 30-Jun-05 | | | 31-Mar-06 | | | 31-Mar-05 | | | 30-Jun-06 | | | 30-Jun-05 | |
| | | | | | | Revised (1) | | | | | | | Revised (1) | | | | | | | Revised (1) | |
| | | (dollars in thousands, except for per share amounts) | |
Statement of Operations Data: | | | | | | | | | | | | | | | | | | | | | | | | |
| Revenues (3) | | $ | 113,355 | | | $ | 113,113 | | | $ | 117,704 | | | $ | 104,173 | | | $ | 231,059 | | | $ | 217,286 | |
| Income (loss) from continuing operations | | | (3,349 | ) | | | 10,277 | | | | 9,293 | | | | 8,462 | | | | 5,944 | | | | 18,739 | |
| Income (loss) from discontinued operations | | | — | | | | — | | | | — | | | | 3,034 | | | | — | | | | 3,034 | |
| Net income (loss) | | | (3,349 | ) | | | 10,277 | | | | 9,293 | | | | 11,496 | | | | 5,944 | | | | 21,773 | |
| Per basic common share (4): | | | | | | | | | | | | | | | | | | | | | | | | |
| Income (loss) from continuing operations | | $ | (0.06 | ) | | $ | 0.22 | | | $ | 0.17 | | | $ | 0.18 | | | $ | 0.11 | | | $ | 0.40 | |
| Income from discontinued operations | | | — | | | | — | | | | — | | | | 0.07 | | | | — | | | | 0.07 | |
| Net income (loss) applicable to common shares | | $ | (0.06 | ) | | $ | 0.22 | | | $ | 0.17 | | | $ | 0.25 | | | $ | 0.11 | | | $ | 0.47 | |
| Per diluted common share (4): | | | | | | | | | | | | | | | | | | | | | | | | |
| Income (loss) from continuing operations | | $ | (0.06 | ) | | $ | 0.21 | | | $ | 0.16 | | | $ | 0.18 | | | $ | 0.10 | | | $ | 0.39 | |
| Income from discontinued operations | | | — | | | | — | | | | — | | | | 0.06 | | | | — | | | | 0.06 | |
| Net income (loss) applicable to common shares | | $ | (0.06 | ) | | $ | 0.21 | | | $ | 0.16 | | | $ | 0.24 | | | $ | 0.10 | | | $ | 0.45 | |
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| Cash distributions declared per common share (4) | | $ | 0.38 | | | $ | 0.36 | | | $ | 0.38 | | | $ | 0.36 | | | $ | 0.76 | | | $ | 0.73 | |
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| (1) | Revised as a result of the retrospective application of EITF Issue No. 05-8, “Income Tax Effects of Issuing Convertible Debt with Beneficial Conversion Feature.” |
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| (2) | Revenues include excise taxes of $161,753, $175,674, $195,342, $192,664 and $151,174, respectively. |
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| (3) | Revenues include excise taxes of $39,686, $37,011, $40,118, $33,432, $79,803 and $70,443, respectively. |
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| (4) | Per share computations include the impact of 5% stock dividends on September 29, 2006, September 29, 2005, September 29, 2004, September 29, 2003, September 27, 2002 and September 28, 2001. |
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| (5) | Revenues in 2002 include $35,199 related to the Medallion acquisition. |
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