Exhibit B | |||||||||||||||
Henry Schein, Inc. | |||||||||||||||
2017 Second Quarter and YTD | |||||||||||||||
Reconciliation of GAAP results of net income attributable to Henry Schein, Inc. to | |||||||||||||||
non-GAAP results of net income attributable to Henry Schein, Inc. | |||||||||||||||
(in thousands, except per share data) | |||||||||||||||
(unaudited) | |||||||||||||||
Second Quarter |
Year-to-Date | ||||||||||||||
% |
% | ||||||||||||||
2017 |
2016 |
Growth |
2017 |
2016 |
Growth | ||||||||||
Net Income attributable to Henry Schein, Inc. |
$ |
136,055 |
$ |
120,097 |
13.3% |
$ |
276,803 |
$ |
233,849 |
18.4% | |||||
Diluted EPS attributable to Henry Schein, Inc. |
$ |
1.71 |
$ |
1.46 |
17.1% |
$ |
3.48 |
$ |
2.83 |
23.0% | |||||
Non-GAAP Adjustments |
|||||||||||||||
Restructuring costs - Pre-tax |
$ |
- |
$ |
20,383 |
$ |
- |
$ |
24,441 |
|||||||
Income tax benefit for restructuring costs |
- |
(5,096) |
- |
(6,110) |
|||||||||||
Litigation settlement - Pre-Tax |
5,325 |
- |
5,325 |
- |
|||||||||||
Income tax benefit for litigation settlement |
(2,130) |
- |
(2,130) |
- |
|||||||||||
Total non-GAAP adjustments to Net Income |
|||||||||||||||
attributable to Henry Schein, Inc. |
$ |
3,195 |
$ |
15,287 |
$ |
3,195 |
$ |
18,331 |
|||||||
Total non-GAAP adjustments to diluted EPS |
|||||||||||||||
attributable to Henry Schein, Inc. |
$ |
0.04 |
$ |
0.18 |
$ |
0.04 |
$ |
0.22 |
|||||||
Non-GAAP Net Income attributable to Henry Schein, Inc. |
$ |
139,250 |
$ |
135,384 |
2.9% |
$ |
279,998 |
$ |
252,180 |
11.0% | |||||
Non-GAAP diluted EPS attributable to Henry Schein, Inc. |
$ |
1.75 |
$ |
1.64 |
6.7% |
$ |
3.52 |
$ |
3.05 |
15.4% |