Exhibit 99.1
Year ended | ||||
Cash Contribution Reconciliation for year-ended December 31, 2005 ($Millions) | December 31, 2005 | |||
Operating Income | $ | 75.7 | ||
Depreciation and amortization | 62.6 | |||
138.3 | ||||
Asset impairment charges | 10.1 | |||
Impairment of good will and other intangibles | 1.2 | |||
149.6 | ||||
Equipment write-off | 4.6 | |||
Stock based compensation | 4.9 | |||
Insurance reserves | 3.5 | |||
Higher expenses for audit, legal and other professional fees | 16.1 | |||
Insurance proceeds | (7.3 | ) | ||
Cash based rent over GAAP rent | (11.7 | ) | ||
Change in deferred revenue | (34.8 | ) | ||
Crunch Fitness contribution | (4.9 | ) | ||
Cash Contribution | $ | 120.0 |