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TELEDYNE TECHNOLOGIES INCORPORATED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES FOR THE THREE MONTHS ENDED APRIL 2, 2017 (Unaudited - in millions, except per-share amounts) |
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| First Quarter | |||||||||||||||||
| 2017 | 2016 | ||||||||||||||||
| Adjusted operating income: | |||||||||||||||||
| Operating income | $ | 58.1 | $ | 60.9 | |||||||||||||
| e2v transaction costs, including stamp duty, advisory, legal and other consulting fees and other costs | 11.5 | — | |||||||||||||||
| e2v inventory fair value step-up amortization expense | 1.4 | — | |||||||||||||||
| Adjusted operating income | $ | 71.0 | $ | 60.9 | |||||||||||||
|
First Quarter |
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| 2017 | 2016 | ||||||||||||||||
| Adjusted fully diluted earnings per share: | |||||||||||||||||
| Fully diluted earnings per share | $ | 0.84 | $ | 1.11 | |||||||||||||
| e2v transaction costs, including stamp duty, advisory, legal and other consulting fees and other costs (a) | 0.23 | — | |||||||||||||||
| e2v inventory fair value step-up amortization expense (a) | 0.03 | — | |||||||||||||||
| e2v funds-certain bank bridge facility commitment expense (a) | 0.05 | — | |||||||||||||||
| Foreign currency option contract expense to hedge the e2v purchase price (a) | 0.11 | — | |||||||||||||||
| Adjusted fully diluted earnings per share | $ | 1.26 | $ | 1.11 | |||||||||||||
| (a) | The adjustments to the first quarter of 2017 are net of taxes of $0.17 per diluted share. | ||
