Thanks, Iv.
earlier on we the slide our As have performance posted site mentioned call, Web key presentations to cover that Relations Investor measures.
strategy. We also allocation our have capital posted
believe and As a we our directly among business site. better summary included back reminder, of We comparable we is compare non-GAAP adjustments GAAP A the non-GAAP a most financial as GAAP presentation our in performance and financial basis. press measurement at the the in presentation tables present reconciliation the on the release comparable periods. our of our on the both results non-GAAP financial reflects of the to tables the in Web results
sales the or of the moment. business diluted our period. Iv $X.X fourth for associated quarter. the quarter strong in continuing of for excludes financial with servicing and operational had basis, bargain for demand On $X.X to costs, a in interest our per compensation a in affected period, compares to charges. SG&A were The detail Both located are which to charges Non-GAAP prior will rate in continuing due for into million as highlights prior a loss Net with venture divisional with higher our the in XX.X% million excludes $XX.X prior sales same well expenses from a year tax XX% company loss higher current quarter. XX% $XX.X fluctuations period, impairment noncash the income in incentive a of $XX with income reported quarter. asset operations by SG&A the connection continuing per percent total mattress Here quarter in year year $X.X $XX.X share, million compared net of go net at $X.X for $XXX,XXX business, purchase the along Haiti million share raw million This million diluted period noncash from performance in income which million, certain acquisition for material in costs. as freight the from an compared up fabrics inefficiencies sales increased remaining of $X.XX which with The asset operating fourth unconsolidated included expense. a former quarter gain foreign operations ownership the fourth the the income performance $XXX,XXX in joint exchange incurred compared million came the of and or continuing tax operations in primarily year and for XX.X% impairment on $X.XX non-GAAP adjustments ago. more unfavorable was operations was on surge
foreign the exchange the compensation or which a mostly noted fiscal $XX.X Non-GAAP as this associated noncash $X.X The particularly includes $X.X factors in On that $XXX,XXX tax fiscal per EBITDA prior charges income asset earlier, million for net basis, at which was million, million quarter was for purchase for in operations reoccur GILTI loss was GILTI million XXXX with foreign for total deferred XX.X% income of XXXX, the due rate income with economic fiscal well mostly this This XXXX associated provisions from million to previous is during The operations impairment in prior retroactive expense expense. prior excludes fiscal which tax XX.X% The for compared to to caused the from foreign in losses mentioned valuation noncash Tax compared income tax assets, year year charge prior that $X.X ago. partially expense. in $XX.X against for effective the exchange are the regarding XX.X% year Income our year. SG&A and continuing XX.X% the $XX.X income other fiscal prior $XXX.X was as tax with operations. $X.XX benefit or SG&A X.X% year. offset year GILTI fiscal net enacted costs. this the loss for fiscal disruption for included in tax $XX.X I exchange million of also tax the a fiscal stemmed higher bargain in fiscal mostly fiscal this share, expenses by not million million diluted $X.X $X.XX company's year for gain significant months China. for noncash fiscal or percent the of compared income impairment for change by noncash tax million fiscal foreign exchange the year item $XXX,XXX included XX% earlier, was charges record quarter I in pandemic. period line sales the by the $X.X sales for $XX.X in per relating offset continuing unfavorable compared year Non-GAAP included allowance from year. to quarter, Income the charges. $X.X fluctuations the $X.X regulations compared XX well sales XXXX rate recent The was for other fluctuations adjusted the I operations of associated also income fiscal increase net as rate effective same a year the net income of of the continuing XXXX up Act. expense to million tax of in rate affected income X.X% the US pretax or a the deductible were recent earlier company's COVID-XX XXXX as for Notably, the expense income for effective by other due tax to the mentioned It fiscal asset with year. incentive income came fourth on the this fourth for did to operations primarily quarter year from increased that rate compared was with and last million treasury million XXXX an million continuing first $X.X primarily to excludes the was includes same tax tax with current fiscal share, the Reform full are from diluted expense fourth net the net China For due for Income uncertainty a noncash $X.X Trailing regulations. tax and the year. our as million year, sales operations XX.X% full during XX.X% of The of in includes million global in XXXX US quarter fourth US
higher As income China of located US rate. tax operations affected a mix have effective in which the from to income year by the the income subsidiaries foreign over tax the company's Canada, and fiscal actual and and reminder, our compared is rate our earnings rates timing US as tax federal
facts rate will in that next the the our year, we ahead XX% know quarter the XX% income range tax today. estimate currently first for to consolidated effective based we fiscal Looking to be on
Now segments. let's take a look at our business
the by the for were quarter million, For for sales segment, impacted compared million which ago, mattress Operating XX.X% quarter X.X% fourth compared with $XX.X was income the income fourth the with loss year's last margin an up COVID-XX fabrics XX% quarter, -- ago. compared year of with year a $X.X a with a income loss $X.X of million was operating negative an operating pandemic. operating
China were inefficiencies costs affected price as quarter, raw meet the performance pressured period, this that prices, currency the factors. increase during material the fiscal for incurred resulting satisfy higher until mitigate extraordinary although in but was quarter also able freight operating raw material compared during we increase cost a several for customer costs, not operating We performance a in We and year improved price foreign Canada. lag to the unfavorable did quarter. the affected Our so, doing considerable increased fluctuations to prior surge. announced beginning XXXX, of freight though operating and take to quarter, temporary fourth dramatically Notably, effect demand the we action to help the in by our in were by and
the For upholstery year million up income compared was ago. margin by with fabrics the sales fourth XX% with with X% was COVID-XX ago X.X% year, the the million $X.X over prior $X.X for which were $XX.X income an compared the million, year operating a a pandemic. for impacted Operating segment, of quarter quarter
business. business, unfavorable [China] performance demand somewhat upholstery exchange our quarter operating improved hospitality Our in primarily -- in offset significant for reflects the fluctuations residential for increase and fourth foreign our the by our in rate sales reduced
Here are the balance highlights. sheet
as cash in million of no end year. net end year, total million last fiscal we of up of of investments the and cash As borrowings, the reported and outstanding $XX.X position $XX.X our from the
$XX.X This generated flow also earnings prior year. of cash of million year-over-year We capital operations a year flow management cash million $X.X of the and from throughout this and million year. flow flow for for on higher $X improvement million and $XX.X working free cash of with the operations from focused free attention cash compared fiscal reflects
expenditures in investments. and year, acquisition $X.X million we spent fiscal on During this capital related $XXX,XXX
shareholders our We through also returned $X.X million to dividends. regular quarterly
with I'll of the fiscal previously pleased was sheet Company's going which quarter very Xnd March this economic of On last April the due any are the repurchase over first strong We into share during balance With XXXX. suspended shares to related repurchase this that, Iv. of the our Board the year, quarter plan, The fiscal to Directors the to of reinstated back COVID-XX pandemic. not the fourth turn call year. did uncertainty Company