Exhibit 99.2
JARDEN CORPORATION Reconciliation of GAAP to NON GAAP For the three and nine months ended September 30, 2007 and 2006 | ||
Three months ended | Nine months ended | |||||||||||
(in millions) | September 30, 2007 | September 30, 2006 | September 30, 2007 | September 30, 2006 | ||||||||
Reconciliation of Non-GAAP measure: | ||||||||||||
Net income | 21.2 | 51.3 | 39.3 | 70.3 | ||||||||
Income tax provision | 13.4 | 20.8 | 26.0 | 61.8 | ||||||||
Interest expense, net | 43.0 | 29.6 | 100.7 | 83.5 | ||||||||
Loss on early extinguishment of debt | — | — | 15.7 | — | ||||||||
Depreciation and amortization | 26.0 | 16.1 | 64.9 | 47.0 | ||||||||
Earnings before interest, taxes, depreciation and amortization (EBITDA) | 103.6 | 117.8 | 246.6 | 262.6 | ||||||||
Other adjustments: | ||||||||||||
Purchase accounting adjustment for manufacturer’s profit in inventory | 45.3 | 3.9 | 72.4 | 3.9 | ||||||||
Reorganization and acquisition- related integration costs, net | 11.0 | 7.5 | 29.5 | 22.5 | ||||||||
Non-cash stock-based compensation costs | 16.1 | 6.4 | 33.2 | 16.1 | ||||||||
Inventory write-offs | — | — | — | 0.3 | ||||||||
Executive separation | — | 1.1 | — | 1.1 | ||||||||
Duplicative administrative costs | — | 0.6 | — | 2.4 | ||||||||
As Adjusted EBITDA | $ | 176.0 | $ | 137.3 | $ | 381.7 | $ | 308.9 | ||||