- restructuring, integration and other expenses of $28.4 million pre-tax consisted of $19.3 million for severance, $1.4 million for facility exit-related costs, $0.5 million for other charges, $1.5 million for other costs including acquisition costs, $4.3 million for integration-related costs, and a charge of $1.5 million to adjust prior year restructuring reserves. Restructuring, integration and other expenses after tax was $21.7 million;
- amortization expense and other primarily related to acquired intangible assets of $13.2 million pre-tax and $9.1 million after tax; and
- an income tax adjustment of $8.2 million primarily related to certain items impacting the effective income tax rate in the second quarter of fiscal 2014.
|
First Quarter Fiscal 2014 |
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| First Quarter Fiscal 2014 | ||||||||||||||||||||
|
Operating
|
Income
|
Net Income |
Diluted
|
|||||||||||||||||
| $ in thousands, except per share data | ||||||||||||||||||||
| GAAP results | $ | 178,987 | $ | 171,942 | $ | 120,624 | $ | 0.86 | ||||||||||||
|
Restructuring, integration and other expenses |
12,099 | 12,099 | 8,851 | 0.06 | ||||||||||||||||
|
Gain on legal settlement, bargain purchase and other |
— | (19,137 | ) | (11,686 | ) | (0.08 | ) | |||||||||||||
| Amortization of intangible assets and other | 8,394 | 8,394 | 5,702 | 0.04 | ||||||||||||||||
| Income tax adjustments | — | — | 2,496 | 0.02 | ||||||||||||||||
| Total adjustments | 20,493 | 1,356 | 5,363 | 0.04 | ||||||||||||||||
| Adjusted results | $ | 199,480 | $ | 173,298 | $ | 125,987 | $ | 0.90 | ||||||||||||
