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 | ||||||||
