RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Fiscal year: 2009 2010 2011 2012 2013 Sales $ 393.9 $ 392.0 $ 395.9 $ 399.6 $ 388.0 Operating Income (Loss), GAAP Basis $ 9.5 $ 18.2 $ (4.4) $ 13.9 $ (13.1) Add back: Depreciation and Amortization $ 15.5 $ 13.2 $ 12.5 $ 15.5 $ 20.8 EBITDA $ 25.0 $ 31.4 $ 8.1 $ 29.4 $ 7.7 Adjustment for Trademark Impairment - - $ 23.1 - - ADJUSTED EBITDA - - $ 31.2 - - EBITDA MARGIN 6.3% 8.0% 2.0% 7.4% 2.0% ADJUSTED EDITDA MARGIN 7.9% Appendix A Exhibit 99.2 • In addition to Operating Income (Loss) determined in accordance with United States Generally Accepted Accounting Principles (GAAP), the Company uses certain non-GAAP financial measures, such as “EBITDA,” “Adjusted EBITDA,”EBITDA Margin” and “Adjusted EBITDA Margin” in assessing its operating performance. The Company believes that these non-GAAP measures serve as appropriate measures to be used in evaluating the performance of its business. • The Company defines EBITDA as Operating Income (Loss) before Depreciation and Amortization. In addition, Adjusted EBITDA for fiscal 2011 excludes the impact of a non-recurring trademark impairment charge. The Company defines EBITDA Margin and Adjusted EBITDA Margin as EBITDA or Adjusted EBITDA divided by Sales. . • EBITDA and Adjusted EBITDA as defined by the Company may not be comparable to similarly titled measures reported by other companies. The Company does not intend for non-GAAP financial measures to be considered in isolation or as a substitute for other measures prepared in accordance with GAAP. • The following table provides a reconciliation of Operating Income (Loss), on a GAAP basis, to EBITDA and Adjusted EBITDA, on a non-GAAP basis (in millions, except percentages) |
Destination XL (DXLG) 8-KCertain information contained in this presentation, including, but not limited to, sales, cash flows, operating margins and store
Filed: 21 May 14, 12:00am