Luminex Corporation Reports Second Quarter 2010 Results

Friday, August 6, 2010 Corporate News
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LUMINEX CORPORATION

RECONCILIATION OF ADJUSTED NET INCOME TO GAAP NET INCOME

(in thousands, except per share amounts)

Three Months Ended

Six Months Ended

June 30,

June 30,

2010

2009

2010

2009

Net income (loss)

$       884

$    1,112

$    2,759

$   (1,678)

Adjustments:

   Settlement of litigation

-

-

-

4,350

   Income tax adjustment*

-

(831)

-

(3,141)

Adjusted net income (loss)

$       884

$       281

$    2,759

$      (469)

Adjusted net income (loss) per share, basic

$      0.02

$      0.01

$      0.07

$     (0.01)

Shares used in computing adjusted net income (loss) per share, basic

41,001

40,533

40,893

40,441

Adjusted net income (loss) per share, diluted

$      0.02

$      0.01

$      0.07

$     (0.01)

Shares used in computing adjusted net income (loss) per share, diluted

42,281

41,353

41,986

40,441

* Income tax adjustment illustrates 2009 financial results without the effect of the release of the valuation allowance

 on the U.S. deferred tax assets for comparison to 2010 financial results



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