- restructuring, integration and other expenses of $12.1 million pre-tax consisted of $4.2 million for severance, $1.2 million for facility exit-related costs, $0.3 million for other charges, $3.0 million for other costs including acquisition costs, $4.2 million for integration-related costs, and a benefit of $0.8 million to adjust prior year restructuring reserves. Restructuring, integration and other expenses after tax was $8.9 million;
- a gain on legal settlement of $19.1 million pre-tax and $11.7 million after tax related to an award payment received during the first quarter;
- amortization expense related to acquired intangible assets of $8.4 million pre-tax and $5.7 million after tax; and
- an income tax adjustment of $2.5 million primarily related to certain items impacting the effective income tax rate in the first quarter of fiscal 2014.
|
Second Quarter Fiscal 2013 |
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| Second Quarter Fiscal 2013 | ||||||||||||||||||||
|
Operating
|
Income
|
Net Income |
Diluted
|
|||||||||||||||||
| $ in thousands, except per share data | ||||||||||||||||||||
| GAAP results | $ | 195,573 | $ | 168,894 | $ | 137,481 | $ | 0.99 | ||||||||||||
|
Restructuring, integration and other expenses |
24,906 | 24,906 | 19,885 | 0.14 | ||||||||||||||||
|
Gain on legal settlement, bargain purchase and other |
— | (59 | ) | (23 | ) | 0.00 | ||||||||||||||
| Amortization of intangible assets and other | 8,010 | 8,010 | 5,607 | 0.04 | ||||||||||||||||
| Income tax adjustments | — | — | (17,366 | ) | (0.12 | ) | ||||||||||||||
| Total adjustments | 32,916 | 32,857 | 8,103 | 0.06 | ||||||||||||||||
| Adjusted results | $ | 228,489 | $ | 201,751 | $ | 145,584 | $ | 1.05 | ||||||||||||
