Exhibit 99.2
ADTALEM GLOBAL EDUCATION INC.
SCHEDULE OF NON-GAAP EARNINGS
(unaudited and amounts in thousands, except per share amounts)
| | Three Months Ended | | | Year Ended | |
| | September 30, 2017 | | | June 30, 2017 | | | March 31, 2017 | | | December 31, 2016 | | | September 30, 2016 | | | June 30, 2017 | | | June 30, 2016 | |
Net Income (Loss) | | $ | 12,785 | | | $ | 42,859 | | | $ | 39,859 | | | $ | 14,413 | | | $ | 25,152 | | | $ | 122,283 | | | $ | (3,166 | ) |
Earnings per Share (diluted) | | | 0.20 | | | | 0.67 | | | | 0.62 | | | | 0.23 | | | | 0.39 | | | | 1.91 | | | | (0.05 | ) |
Continuing Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Restructuring Expense | | | 2,387 | | | | 9,002 | | | | 2,804 | | | | 2,963 | | | | 3,350 | | | | 18,119 | | | | 7,283 | |
Effect on Earnings per Share (diluted) | | | 0.04 | | | | 0.14 | | | | 0.04 | | | | 0.05 | | | | 0.05 | | | | 0.28 | | | | 0.11 | |
Regulatory Settlements | | | - | | | | - | | | | - | | | | 52,150 | | | | - | | | | 52,150 | | | | - | |
Effect on Earnings per Share (diluted) | | | - | | | | - | | | | - | | | | 0.81 | | | | - | | | | 0.81 | | | | - | |
Asset Impairment Charge | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | 147,660 | |
Effect on Earnings per Share (diluted) | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | 2.29 | |
Income Tax Impact on Non-GAAP Adjustments | | | (589 | ) | | | (3,678 | ) | | | (1,096 | ) | | | (20,938 | ) | | | (918 | ) | | | (26,630 | ) | | | (32,708 | ) |
Effect on Earnings per Share (diluted) | | | (0.01 | ) | | | (0.06 | ) | | | (0.02 | ) | | | (0.33 | ) | | | (0.01 | ) | | | (0.42 | ) | | | (0.51 | ) |
Discontinued Operations, net of tax | | | 9,388 | | | | 4,072 | | | | (3,706 | ) | | | (7,455 | ) | | | 787 | | | | (6,302 | ) | | | 5,751 | |
Effect on Earnings per Share (diluted) | | | 0.15 | | | | 0.06 | | | | (0.06 | ) | | | (0.12 | ) | | | 0.01 | | | | (0.10 | ) | | | 0.09 | |
Net Income from Continuing Operations Excluding Special Items, net of tax | | $ | 23,971 | | | $ | 52,255 | | | $ | 37,861 | | | $ | 41,133 | | | $ | 28,371 | | | $ | 159,620 | | | $ | 124,820 | |
Earnings per Share from Continuing Operations Excluding Special Items (diluted) | | | 0.38 | | | | 0.82 | | | | 0.59 | | | | 0.64 | | | | 0.44 | | | | 2.49 | | | | 1.94 | |
Diluted Shares used in EPS calculation | | | 63,432 | | | | 64,034 | | | | 64,266 | | | | 64,028 | | | | 63,896 | | | | 64,019 | | | | 64,371 | |