EX-99.2 4 select093288_99-2.htm REPORTED TO ADJUSTED STATEMENT OF OPERATIONS DATA RECONCILIATION SELECT COMFORT CORPORATION EXHIBIT 99.2

Exhibit 99.2

SELECT COMFORT CORPORATION AND SUBSIDIARIES

Reported to Adjusted Statement of Operations Data Reconciliation

(in thousands, except per share amounts)

 

 

Three Months Ended

 

 

July 4, 2009

 

 

As Reported

 

Tax Valuation

 

As Adjusted

 

 

 

 

 

 

 

 

Loss before income taxes

 

$

(525

)

 

 

$

(525

)

Income tax expense (benefit)

 

 

3,436

 

 

3,625

(1)

 

(189

)(2)

Net loss

 

$

(3,961

)

$

(3,625

)

$

(336

)

 

 

 

 

 

 

 

Net loss per share –

 

 

 

 

 

 

 

Basic

 

$

(0.09

)

$

(0.08

)

$

(0.01

)

Diluted

 

$

(0.09

)

$

(0.08

)

$

(0.01

)

 

 

 

 

 

 

 

Basic Shares

 

 

44,827

 

 

44,827

 

 

44,827

 

Diluted Shares

 

 

44,827

 

 

44,827

 

 

44,827

 

 

(1) We increased our deferred tax valuation allowance by $3.6 million for certain 2009 deferred tax assets.

(2) Reflects an estimated annual effective tax rate, before discrete adjustments and deferred tax valuation allowance changes, of 36.0%.

 

Note - Our “as adjusted” data is considered a non-GAAP financial measure and is not in accordance with, or preferable to, “as reported,” or GAAP financial data. However, we are providing this information as we believe it facilitates year-over-year comparisons for investors and financial analysts.

 

GAAP - generally accepted accounting principles