Exhibit 99.2
SELECT COMFORT CORPORATION AND SUBSIDIARIES
Reported to Adjusted Statement of Operations Data Reconciliation
(in thousands, except per share amounts)
| Three Months Ended |
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| July 4, 2009 |
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| As Reported |
| Tax Valuation |
| As Adjusted |
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Loss before income taxes |
| $ | (525 | ) |
|
| $ | (525 | ) | |
Income tax expense (benefit) |
|
| 3,436 |
|
| 3,625 | (1) |
| (189 | )(2) |
Net loss |
| $ | (3,961 | ) | $ | (3,625 | ) | $ | (336 | ) |
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Net loss per share – |
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Basic |
| $ | (0.09 | ) | $ | (0.08 | ) | $ | (0.01 | ) |
Diluted |
| $ | (0.09 | ) | $ | (0.08 | ) | $ | (0.01 | ) |
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Basic Shares |
|
| 44,827 |
|
| 44,827 |
|
| 44,827 |
|
Diluted Shares |
|
| 44,827 |
|
| 44,827 |
|
| 44,827 |
|
(1) We increased our deferred tax valuation allowance by $3.6 million for certain 2009 deferred tax assets.
(2) Reflects an estimated annual effective tax rate, before discrete adjustments and deferred tax valuation allowance changes, of 36.0%.
Note - Our “as adjusted” data is considered a non-GAAP financial measure and is not in accordance with, or preferable to, “as reported,” or GAAP financial data. However, we are providing this information as we believe it facilitates year-over-year comparisons for investors and financial analysts.
GAAP - generally accepted accounting principles