SHAMIR OPTICAL INDUSTRY LTD. | |||||
Reconciliation of Non-GAAP Operating Income and Net Income | |||||
(US dollars in thousands, except per share data) | |||||
Three Months Ended March 31, | |||||
2010 | 2011 | ||||
(Unaudited) | (Unaudited) | ||||
Operating income | $ 5,465 | $ 5,172 | |||
Non-GAAP adjustment: | |||||
Stock based compensation | 137 | 136 | |||
Essilor transaction costs | - | 459 | |||
Amortization of intangible assets | 357 | 315 | |||
Non-GAAP operating income | $ 5,959 | $ 6,082 | |||
Net income attributable to Shamir Optical Industry Ltd. Shareholders | $ 3,693 | $ 3,941 | |||
Non-GAAP adjustment: | |||||
Stock based compensation | 137 | 136 | |||
Essilor transaction costs, net | - | 413 | |||
Amortization of intangible assets, net | 264 | 250 | |||
Accretion of redeemable non controlling interest | 107 | 66 | |||
Non-GAAP net income attributable to Shamir Optical Industry Ltd. Shareholders | $ 4,201 | $ 4,806 | |||
Net earnings per share: | |||||
Basic | $ 0.25 | $ 0.28 | |||
Diluted | $ 0.25 | $ 0.27 | |||
Number of shares: | |||||
Basic | 16,679 | 17,164 | |||
Dilutive | 16,767 | 17,572 | |||