OMNICELL, INC. | |||||||||
CALCULATION OF ADJUSTED EBITDA (1) | |||||||||
(In thousands) | |||||||||
Three Months Ended | Six Months Ended | ||||||||
June 30, 2010 | March 31, 2010 | June 30, 2009 | June 30, 2010 | June 30, 2009 | |||||
| GAAP net income (loss) | $ 1,965 | $ 979 | $ 904 | $ 2,944 | $ (967) | ||||
| Add back: | |||||||||
| ASC 718 stock compensation expense | 2,097 | 2,156 | 2,374 | 4,253 | 4,858 | ||||
| Interest | (88) | (72) | (177) | (160) | (400) | ||||
| Depreciation and amortization expense | 2,178 | 2,123 | 2,401 | 4,301 | 4,874 | ||||
| Income tax expense (benefit) | 1,580 | 604 | 607 | 2,184 | (311) | ||||
| Non-GAAP adjusted EBITDA (1) | $ 7,732 | $ 5,790 | $ 6,109 | $ 13,522 | $ 10,578 | ||||
| (1) Defined as earnings before interest income and expense, taxes, depreciation and amortization, | |||||||||
| and non-cash expenses, including stock compensation expense, per ASC 718, formerly FAS 123R. | |||||||||
