Financial Supplement

For the Second Quarter of Fiscal Year 2011 ending October 1, 2010

PSS World Medical, Inc.

As of October 1, 2010

Current Fiscal Year

(in thousands, except per share data)

	Fiscal 2011
	Q1			Q2			YTD
Net sales	$	478,856		$	496,188		$	975,045
Cost of goods sold		331,010			339,063			670,073
Gross profit		147,846			157,125			304,971
General & administrative expenses		89,986			87,399			177,384
Selling expenses		32,610			34,298			66,908
Income from operations		25,250			35,429			60,679
Interest expense		(4,137	)		(4,226	)		(8,363	)
Interest & investment income		66			46			112
Other income		544			412			956
Income from operations before income taxes		21,723			31,661			53,383
Provision for income taxes		7,892			12,016			19,908
Net income		13,831			19,644			33,475
Net income attributable to noncontrolling interest		78			87			165
Net income attributable to PSS World Medical, Inc.	$	13,753		$	19,557		$	33,310
Earnings per share - Basic:
Net income attributable to PSS World Medical, Inc.	$	0.25		$	0.36		$	0.60
Earnings per share - Diluted:
Net income attributable to PSS World Medical, Inc.	$	0.24		$	0.35		$	0.59
WASO - Basic		56,093			54,985			55,539
WASO - Diluted		57,924			55,887			56,905
Net sales by segment:
Physician Business	$	327,403		$	343,403		$	670,806
Elder Care Business		151,202			152,173			303,376
Corporate Shared Services		251			612			863
	$	478,856		$	496,188		$	975,045
Billing days:		64			63			127
Net sales per billing day:
Physician Business	$	5,116		$	5,451		$	5,282
Elder Care Business		2,363			2,415			2,389
Corporate Shared Services		4			10			7
	$	7,482		$	7,876		$	7,678

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

As of October 1, 2010

(in thousands, except per share data)

	Fiscal 2008															Fiscal 2009															Fiscal 2010
	Q1			Q2			Q3			Q4			Total			Q1			Q2			Q3			Q4			Total			Q1			Q2			Q3			Q4			Total
Net sales	$	438,910		$	457,930		$	465,208		$	493,744		$	1,855,791		$	472,215		$	491,603		$	519,145		$	469,728		$	1,952,691		$	493,554		$	561,976		$	502,764		$	496,877		$	2,055,171
Cost of goods sold		311,227			325,390			330,215			347,289			1,314,120			333,283			344,347			364,282			328,868			1,370,781			347,581			389,404			348,064			342,427			1,427,476
Gross profit		127,683			132,540			134,993			146,455			541,672			138,931			147,255			154,863			140,860			581,910			145,974			172,571			154,700			154,449			627,695
General and administrative expenses		83,638			77,353			79,408			83,725			324,124			89,634			90,689			89,426			82,728			352,478			91,638			97,208			89,439			92,586			370,871
Selling expenses		29,551			30,763			31,509			33,473			125,295			31,266			32,161			33,721			31,356			128,505			32,687			36,728			33,249			33,178			135,842
Income from operations		14,494			24,425			24,077			29,257			92,253			18,031			24,405			31,715			26,776			100,927			21,649			38,635			32,012			28,685			120,981
Interest expense		(2,764	)		(2,956	)		(3,247	)		(3,529	)		(12,495	)		(3,203	)		(5,300	)		(7,409	)		(6,247	)		(22,159	)		(4,261	)		(4,532	)		(4,214	)		(4,288	)		(17,295	)
Interest and investment income		528			114			26			23			691			122			842			1,034			305			2,304			134			95			117			30			376
Other income		544			546			833			5,361			7,284			608			520			877			638			2,643			3,995			452			741			879			6,068
Income from ops before income taxes		12,802			22,129			21,690			31,112			87,732			15,559			20,467			26,218			21,472			83,716			21,517			34,650			28,657			25,306			110,130
Provision for income taxes		5,010			8,551			8,441			12,597			34,599			6,187			8,104			10,230			7,709			32,229			8,213			12,964			10,736			8,854			40,768
Net income		7,792			13,578			13,249			18,515			53,133			9,372			12,363			15,989			13,763			51,486			13,304			21,686			17,921			16,452			69,363
Net income attributable to noncontrolling interest		-			-			-			-			-			-			-			-			-			-			-			-			-			-			-
Net income attributable PSS World Medical, Inc.	$	7,792		$	13,578		$	13,249		$	18,515		$	53,133		$	9,372		$	12,363		$	15,989		$	13,763		$	51,486		$	13,304		$	21,686		$	17,921		$	16,452		$	69,363
Earnings per share - Basic:
Net income attributable PSS World Medical, Inc.	$	0.12		$	0.21		$	0.21		$	0.30		$	0.82		$	0.15		$	0.21		$	0.27		$	0.23		$	0.86		$	0.23		$	0.37		$	0.31		$	0.29		$	1.20
Earnings per share - Diluted:
Net income attributable PSS World Medical, Inc.	$	0.11		$	0.20		$	0.20		$	0.29		$	0.80		$	0.15		$	0.20		$	0.27		$	0.23		$	0.85		$	0.23		$	0.37		$	0.30		$	0.28		$	1.18
WASO - Basic		66,793			65,806			63,999			62,213			64,703			61,003			59,941			59,481			59,307			59,937			58,380			58,566			58,522			56,627			58,029
WASO - Diluted		68,765			67,067			65,756			63,152			66,184			61,723			60,921			60,322			59,801			60,696			58,859			59,390			59,390			58,115			58,943
Net Sales by Segment:
Physician Business	$	306,245		$	320,171		$	326,520		$	355,749		$	1,308,685		$	331,386		$	341,761		$	357,269		$	326,966		$	1,357,382		$	342,292		$	398,531		$	352,961		$	344,039		$	1,437,823
Elder Care Business		132,664			137,759			138,688			137,995			547,106			140,406			149,485			161,874			142,743			594,509			150,381			162,970			149,400			152,187			614,937
Corporate Shared Services		-			-			-			-			-			423			356			2			19			800			882			475			403			651			2,411
	$	438,910		$	457,930		$	465,208		$	493,744		$	1,855,791		$	472,215		$	491,603		$	519,145		$	469,728		$	1,952,691		$	493,554		$	561,976		$	502,764		$	496,877		$	2,055,171
Billing Days:		64			63			62			64			253			64			63			66			60			253			64			68			61			65			258
Net Sales Per Billing Day:
Physician Business	$	4,785		$	5,082		$	5,266		$	5,559		$	5,173		$	5,178		$	5,425		$	5,413		$	5,449		$	5,365		$	5,348		$	5,861		$	5,786		$	5,293		$	5,573
Elder Care Business		2,073			2,187			2,237			2,156			2,162			2,194			2,373			2,453			2,379			2,350			2,350			2,397			2,449			2,341			2,383
Corporate Shared Services		-			-			-			-			-			7			6			-			-			3			14			7			7			10			9
	$	6,858		$	7,269		$	7,503		$	7,715		$	7,335		$	7,378		$	7,803		$	7,866		$	7,829		$	7,718		$	7,712		$	8,264		$	8,242		$	7,644		$	7,966

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

As of October 1, 2010

SelectTM Net Sales

(in thousands)

	Fiscal 2006		Fiscal 2007		Fiscal 2008		Fiscal 2009		Fiscal 2010
Consolidated Select Sales	$	157,296	$	185,844	$	234,810	$	281,536	$	323,602

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

Segment Information

As of October 1, 2010

(in thousands)

	Three Months Ended						Six Months Ended
	October 1, 2010			October 2, 2009			October 1, 2010			October 2, 2009
NET SALES:
Physician Business	$	343,403		$	398,531		$	670,806		$	740,823
Elder Care Business		152,173			162,970			303,376			313,351
Corporate Shared Services		612			475			863			1,357
Total net sales	$	496,188		$	561,976		$	975,045		$	1,055,530
BILLING DAYS:		63			68			127			132
NET SALES PER BILLING DAY:
Physician Business	$	5,451		$	5,861		$	5,282		$	5,612
Elder Care Business		2,415			2,397			2,389			2,374
Corporate Shared Services		10			7			7			10
Total net sales per billing day	$	7,876		$	8,264		$	7,678		$	7,996
INCOME FROM OPERATIONS:
Physician Business	$	37,130		$	42,546		$	64,753		$	71,264
Elder Care Business		8,759			11,631			16,688			18,755
Corporate Shared Services		(10,461	)		(15,543	)		(20,762	)		(29,736	)
Total income from operations	$	35,429		$	38,635		$	60,679		$	60,284
DEPRECIATION:
Physician Business	$	2,283		$	1,960		$	4,461		$	3,910
Elder Care Business		1,251			1,267			2,468			2,529
Corporate Shared Services		2,566			2,028			5,113			4,062
Total depreciation	$	6,100		$	5,256		$	12,041		$	10,501
AMORTIZATION OF INTANGIBLE
AND OTHER ASSETS:
Physician Business	$	559		$	574		$	1,111		$	1,192
Elder Care Business		775			553			1,517			1,086
Corporate Shared Services		167			62			316			164
Total amortization of intangible and other assets	$	1,501		$	1,190		$	2,944		$	2,442
PROVISION FOR DOUBTFUL ACCOUNTS:
Physician Business	$	646		$	829		$	878		$	1,268
Elder Care Business		(26	)		422			(64	)		1,193
Total provision for doubtful accounts	$	620		$	1,250		$	814		$	2,461
INTEREST EXPENSE:
Total interest expense	$	4,226		$	4,532		$	8,363		$	8,793
INTEREST AND INVESTMENT INCOME:
Elder Care Business	$	25		$	(0	)	$	51		$	13
Corporate Shared Services		21			95			61			216
Total interest and investment income	$	46		$	95		$	112		$	229
PROVISION (BENEFIT) FOR INCOME TAXES:
Physician Business	$	13,632		$	15,459		$	23,676		$	26,085
Elder Care Business		2,567			3,564			4,780			5,529
Corporate Shared Services		(4,182	)		(6,058	)		(8,548	)		(10,437	)
Total provision for income taxes	$	12,016		$	12,964		$	19,908		$	21,177

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

Current Fiscal Year Balance Sheet

(in thousands)

Consolidated

	As of
ASSETS	July 2, 2010		October 1, 2010
Cash	$	59,081	$	22,949
Accounts receivable, net		222,544		232,014
Inventory, net		217,500		220,846
Prepaid expenses		6,258		7,283
Other current assets		36,596		53,209
Total current assets		541,979		536,301
Property and equipment, net		103,737		101,269
Goodwill		124,281		128,745
Intangibles, net		25,242		26,440
Other long-term assets		77,488		84,933
Total assets	$	872,727	$	877,688
LIABILITIES & EQUITY
Accounts payable	$	125,155	$	137,431
Accrued expenses		37,830		33,804
Current portion of long term debt		796		791
Revolving line of credit		394		506
Other		25,576		26,574
Total current liabilities		189,751		199,107
Long-term debt		189,746		191,667
Other non-current liabilities		77,748		86,420
Total liabilities		457,245		477,193
Total PSS World Medical, Inc. shareholders' equity		412,344		397,270
Noncontrolling interest		3,138		3,225
Total equity		415,482		400,495
Total liabilities and equity	$	872,727	$	877,688

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

Balance Sheet Trend

(in thousands)

Consolidated

	Fiscal 2008								Fiscal 2009								Fiscal 2010
ASSETS	Jun-07		Sep-07		Dec-07		Mar-08		Jun-08		Sep-08		Dec-08		Mar-09		Jun-09		Sep-09		Dec-09		Mar-10
Cash	$	23,954	$	17,041	$	15,031	$	21,122	$	29,840	$	226,055	$	214,709	$	82,031	$	129,631	$	130,089	$	114,056	$	52,751
Investment in available for sale securities		-		-		-		-		-		-		-		10,592		-		-		-		-
Accounts receivable, net		222,699		232,282		224,282		237,248		227,661		240,806		232,894		230,361		230,391		257,968		233,602		227,888
Inventory, net		187,499		188,087		214,256		190,846		192,707		199,337		239,940		207,593		196,160		212,813		230,725		218,911
Deferred tax assets		8,987		9,319		9,175		8,183		6,805		-		-		8,059		8,250		5,602		11,986		15,629
Other current assets		34,347		27,895		31,658		48,744		26,157		22,163		23,229		23,819		24,385		30,854		33,980		26,485
Total current assets		477,486		474,624		494,403		506,142		483,170		688,361		710,772		562,456		588,817		637,326		624,349		541,664
Property and equipment, net		90,213		90,208		90,781		91,584		92,803		96,849		97,113		101,205		103,552		105,499		106,956		105,220
Goodwill		110,993		110,727		110,868		110,679		112,320		112,392		112,717		112,768		114,255		115,280		120,828		121,772
Intangibles, net		30,280		28,991		27,669		26,305		25,738		24,345		23,102		22,958		22,442		21,604		25,289		24,548
Investment in available for sale securities		24,232		46,147		50,206		11,318		14,231		16,725		15,333		-		-		-		-		-
Other long-term assets		69,481		67,195		67,921		67,209		67,598		83,055		70,549		59,238		65,065		73,819		77,748		78,862
Total assets	$	802,685	$	817,891	$	841,849	$	813,236	$	795,860	$	1,021,726	$	1,029,587	$	858,624	$	894,131	$	953,528	$	955,170	$	872,066

	Fiscal 2008								Fiscal 2009								Fiscal 2010
LIABILITIES & EQUITY	Jun-07		Sep-07		Dec-07		Mar-08		Jun-08		Sep-08		Dec-08		Mar-09		Jun-09		Sep-09		Dec-09		Mar-10
Accounts payable	$	144,572	$	149,827	$	161,728	$	135,930	$	128,656	$	149,674	$	155,133	$	127,300	$	133,781	$	156,966	$	137,676	$	123,970
Accrued expenses		33,190		33,275		34,350		46,056		38,055		50,816		43,170		52,718		46,196		43,248		48,051		50,253
Current portion of long-term debt		2,132		32,129		33,660		214,732		196,116		198,022		199,606		50,937		50,953		50,970		56,321		881
Deferred tax liabilities, current		-		-		-		-		-		6,619		4,492		-		-		-		-		-
Other current liabilities		15,267		15,000		15,846		11,969		8,102		8,723		9,160		7,956		12,882		13,653		13,122		10,954
Total current liabilities		195,161		230,230		245,584		408,687		370,928		413,855		411,560		238,910		243,812		264,837		255,169		186,058
Long-term debt		139,657		141,091		143,020		725		706		177,650		179,395		180,965		182,654		184,530		186,153		187,941
Other long-term liabilities		70,413		68,190		69,976		64,473		68,975		64,763		56,503		60,719		70,323		79,896		86,674		90,053
Total liabilities		405,231		439,512		458,580		473,885		440,610		656,268		647,459		480,594		496,789		529,263		527,996		464,052
Total PSS World Med. shareholders' equity		397,454		378,379		383,269		339,351		355,250		365,458		382,127		378,030		397,339		424,265		427,174		408,014
Noncontrolling interest		-		-		-		-		-		-		-		-		-		-		-		-
Total equity		397,454		378,379		383,269		339,351		355,250		365,458		382,127		378,030		397,342		424,265		427,174		408,014
Total liabilities & equity	$	802,685	$	817,891	$	841,849	$	813,236	$	795,860	$	1,021,726	$	1,029,587	$	858,624	$	894,131	$	953,528	$	955,170	$	872,066

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

Unaudited Operating Highlights

Current Fiscal Year

(in millions)

	Three Months Ended						Six Months Ended
	October 1, 2010			October 2, 2009			October 1, 2010			October 2, 2009
Net sales:
Physician Business	$	343.4		$	398.5		$	670.8		$	740.8
Elder Care Business		152.2			163.0			303.4			313.4
Corporate Shared Services		0.6			0.5			0.9			1.4
Total net sales	$	496.2		$	562.0		$	975.0		$	1,055.5
Income from operations:
Physician Business	$	37.1		$	42.5		$	64.8		$	71.3
Elder Care Business		8.8			11.6			16.7			18.8
Corporate Shared Services		(10.5	)		(15.5	)		(20.8	)		(29.7	)
Total income from operations	$	35.4		$	38.6		$	60.7		$	60.3
EBITDA (a)	$	43.4		$	45.5		$	76.6		$	77.7
Income from operations, as a percentage of net sales		7.1	%		6.9	%		6.2	%		5.7	%
Consolidated Return on Committed Capital ("ROCC") (b)		36.7	%		42.5	%		31.8	%		34.2	%
Billing Days		63			68			127			132
Net Sales Per Billing Day (in thousands):
Physician Business	$	5,451		$	5,861		$	5,282		$	5,612
Elder Care Business		2,415			2,397			2,389			2,374
Corporate Shared Services		10			7			7			10
Total Net Sales Per Billing Day	$	7,876		$	8,264		$	7,678		$	7,996
Net Sales Per Billing Day Growth Rate:
Physician Business		(7.0	)%					(5.9	)%
Elder Care Business		0.8	%					0.6	%
Total Net Sales Per Billing Day Growth Rate		(4.7	)%					(4.0	)%
							Annualized
							October 1, 2010			October 2, 2009
DSO (c)
Physician Business								40.1			38.9
Elder Care Business								48.7			49.0
DOH (d)
Physician Business								57.6			54.0
Elder Care Business								59.9			51.3
DIP (e)
Physician Business								39.9			40.4
Elder Care Business								23.2			22.8
Cash Conversion Days (f)
Physician Business								57.8			52.5
Elder Care Business								85.4			77.5
							As of
							October 1, 2010			October 2, 2009
Operational working capital (g)							$	315.4		$	313.8
Net debt:
Convertible senior notes							$	191.3		$	183.2
Bank debt								0.5			50.0
Other debt								1.2			2.3
Less: Cash and cash equivalents								(22.9	)		(130.1	)
Net debt							$	170.1		$	105.4

Numbers may not foot due to rounding differences

PSS WORLD MEDICAL, INC.
Non-GAAP Reconciliations
Physician Business daily net sales impact from swine flu related product sales
(in millions)
	For the Three Months Ended
	October 1, 2010				October 2, 2009						Average Daily Net Sales Percent Change
	Net Sales		Average Daily Net Sales		Net Sales			Average Daily Net Sales
Physician Business		343.4		5.5		398.5			5.9			-7.0	%
Less: Impact of swine flu related product sales		-		-		(23.2	)		(0.4	)		N/A
Physician Business adjusted for swine flu related product sales		343.4		5.5		375.3			5.5			-1.2	%
	For the Six Months Ended
	October 1, 2010				October 2, 2009						Average Daily Net Sales Percent Change
	Net Sales		Average Daily Net Sales		Net Sales			Average Daily Net Sales
Physician Business		670.8		5.3		740.8			5.6			-5.9	%
Less: Impact of swine flu related product sales		-		-		(32.2	)		(0.2	)		N/A
Physician Business adjusted for swine flu related product sales		670.8		5.3		708.6			5.4			-1.6	%
Sequential same day sales growth
(in millions)
	For the Three Months Ended
	October 1, 2010				July 2, 2010						Average Daily Net Sales Percent Change
	Net Sales		Average Daily Net Sales		Net Sales			Average Daily Net Sales
Physician Business		343.4		5.5		327.4			5.1			6.6	%
Elder Care Business		152.2		2.4		151.2			2.4			2.2	%
Corporate Shared Services		0.6		-		0.3			-
Consolidated		496.2		7.9		478.9			7.5			5.3	%

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

Selling Days Calendar FY10-FY12

FY2010		FY2011		FY2012
Closing	Selling	Closing	Selling	Closing	Selling
Date	Days	Date	Days	Date	Days	Notes
24-Apr	20	30-Apr	20	29-Apr	20	A
29-May	24	28-May	20	27-May	20	A
26-Jun	20	2-Jul	24	1-Jul	24	B
Q1	64		64		64
31-Jul	24	30-Jul	19	29-Jul	19	A
28-Aug	20	27-Aug	20	26-Aug	20	A
2-Oct	24	1-Oct	24	30-Sep	24	B
Q2	68		63		63
30-Oct	20	29-Oct	20	28-Oct	20	A
27-Nov	18	26-Nov	18	25-Nov	18	A
1-Jan	23	31-Dec	23	30-Dec	24	B
Q3	61		61		62
29-Jan	20	28-Jan	20	27-Jan	19	A
26-Feb	20	25-Feb	20	24-Feb	20	A
2-Apr	25	1-Apr	25	30-Mar	25	B
Q4	65		65		64
Total	258		253		253
A	Closing date is the last Friday of the month (for non-quarter end months).
B	"Selling Days" defines closing date as the Friday closest to month end
	based on business days only (for quarter end months only).

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

EBITDA Calculation

Current Fiscal Year

(in thousands)

	Fiscal 2011
	Q1			Q2			YTD
Net Income	$	13,831		$	19,644		$	33,475
Plus: Interest expense		4,137			4,226			8,363
Less: Interest and investment income		(66	)		(46	)		(112	)
Plus: Provision for income taxes		7,892			12,016			19,908
Plus: Depreciation		5,942			6,100			12,041
Plus: Amortization of intangible assets		1,444			1,501			2,944
EBITDA	$	33,179		$	43,441		$	76,620

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

EBITDA Calculation

(in thousands)

	Fiscal 2008															Fiscal 2009															Fiscal 2010
	Q1			Q2			Q3			Q4			Total FY 2008			Q1			Q2			Q3			Q4			Total FY 2009			Q1			Q2			Q3			Q4			Total FY 2010
Net income	$	7,792		$	13,578		$	13,249		$	18,515		$	53,133		$	9,372		$	12,363		$	15,989		$	13,763		$	51,486		$	13,304		$	21,686		$	17,921		$	16,452		$	69,363
Plus: Interest expense		2,764			2,956			3,247			3,529			12,495			3,203			5,300			7,409			6,247			22,159			4,261			4,532			4,214			4,288			17,295
Less: Interest and investment income		(528	)		(114	)		(26	)		(23	)		(691	)		(122	)		(842	)		(1,034	)		(305	)		(2,304	)		(134	)		(95	)		(117	)		(30	)		(376	)
Plus: Provision for income taxes		5,010			8,551			8,441			12,597			34,599			6,187			8,104			10,230			7,709			32,229			8,213			12,964			10,736			8,854			40,768
Plus: Depreciation		4,632			4,796			4,710			4,719			18,858			4,830			4,912			5,116			5,144			20,002			5,245			5,256			5,558			5,881			21,940
Plus: Amortization of intangible assets		1,458			1,406			1,362			1,360			5,586			1,344			1,553			1,264			1,328			5,489			1,252			1,190			1,235			1,444			5,121
EBITDA	$	21,128		$	31,172		$	30,983		$	40,697		$	123,980		$	24,813		$	31,390		$	38,973		$	33,886		$	129,062		$	32,140		$	45,533		$	39,547		$	36,890		$	154,110

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

Return on Committed Capital (ROCC)

Current Fiscal Year

(in thousands)

	Fiscal 2011
	Q1			Q2
Consolidated Return on Committed Capital:
Quarterly Average Committed Capital (1)	$	397,789		$	406,570
Committed Capital - Current Quarter		397,814			415,325
Committed Capital - Previous Quarter		397,765			397,814
Return on Committed Capital - Quarterly (2)		27.4	%		36.7	%
Return:
Net income		13,831			19,644
Add:
Provision for income taxes		7,892			12,016
Interest expense		4,137			4,226
Amortization		1,444			1,501
Interest and investment income		(66	)		(46	)
	$	27,238		$	37,341
Committed Capital:
Total assets	$	872,727		$	877,688
Less assets excluded:
Cash		(59,081	)		(22,949	)
Goodwill and intangibles, net		(149,523	)		(155,185	)
Total liabilities		(457,246	)		(477,193	)
Plus liabilities excluded:
Current debt		1,190			1,297
Long-term debt		189,746			191,667
	$	397,814		$	415,325

(1)   Quarterly Average Committed Capital equals the sum of the committed capital of the most recent two quarters, divided by two.

(2)   Return on Committed Capital equals Return divided by Committed Capital. Quarterly calculations are annualized.

Numbers may not foot due to rounding differences

PSS World Medical, Inc.

Return on Committed Capital (ROCC)

(in thousands)

	Fiscal 2008															Fiscal 2009															Fiscal 2010
	Q1			Q2			Q3			Q4			Total FY 2008			Q1			Q2			Q3			Q4			Total FY 2009			Q1			Q2			Q3			Q4			Total FY 2010
Consolidated Return on Committed Capital:
Quarterly Average Committed Capital (1)	$	359,807		$	384,428		$	400,611		$	401,541					$	390,439		$	381,257		$	394,469		$	401,387					$	378,397		$	378,706		$	401,134		$	403,620
Annual Average Committed Capital (2)													$	371,150														$	394,438														$	394,969
Committed Capital - Current Quarter		374,016			394,840			406,381			396,702						384,175			378,339			410,600			392,174						364,619			392,792			409,475			397,765
Committed Capital - Previous Quarter		345,597			374,016			394,840			406,381						396,702			384,175			378,339			410,600						392,174			364,619			392,792			409,475
Committed Capital - Current Year End														396,702															392,174															397,765
Committed Capital - Previous Year End														345,597															396,702															392,174
Return on Committed Capital - Quarterly (3)		18.3	%		27.4	%		26.2	%		35.8	%		28.3	%		20.5	%		27.8	%		34.3	%		28.6	%		27.6	%		28.4	%		42.5	%		33.9	%		30.7	%		33.5	%
Return on Committed Capital - Annual
Return:
Income from continuing operations before extraordinary loss	$	7,792		$	13,578		$	13,249		$	18,515		$	53,133		$	9,372		$	12,363		$	15,989		$	13,763		$	51,486		$	13,304		$	21,686		$	17,921		$	16,452		$	69,363
Add:
Provision for income taxes		5,010			8,551			8,441			12,597			34,599			6,187			8,104			10,230			7,709			32,229			8,213			12,964			10,736			8,854			40,768
Interest expense		2,764			2,956			3,247			3,529			12,495			3,203			5,300			7,409			6,247			22,159			4,261			4,532			4,214			4,288			17,295
Amortization		1,458			1,406			1,362			1,360			5,586			1,344			1,553			1,264			1,328			5,489			1,252			1,190			1,235			1,444			5,121
Interest and investment income		(528	)		(114	)		(26	)		(23	)		(691	)		(122	)		(842	)		(1,034	)		(305	)		(2,304	)		(134	)		(95	)		(117	)		(30	)		(376	)
	$	16,496		$	26,377		$	26,273		$	35,978		$	105,123		$	19,983		$	26,478		$	33,856		$	28,742		$	109,059		$	26,895		$	40,277		$	33,989		$	31,009		$	132,170
Committed Capital:
Total assets	$	802,685		$	817,891		$	841,849		$	813,236		$	813,236		$	795,860		$	1,021,726		$	1,029,586		$	858,624		$	858,624		$	894,131		$	953,528		$	955,170		$	872,065		$	872,065
Less assets excluded:
Cash		(23,954	)		(17,041	)		(15,031	)		(21,122	)		(21,122	)		(29,840	)		(226,055	)		(214,709	)		(82,031	)		(82,031	)		(129,631	)		(130,089	)		(114,056	)		(52,751	)		(52,751	)
Goodwill and intangibles, net		(141,273	)		(139,718	)		(138,537	)		(136,984	)		(136,984	)		(138,058	)		(136,736	)		(135,820	)		(135,726	)		(135,726	)		(136,696	)		(136,884	)		(146,117	)		(146,320	)		(146,320	)
Plus liabilities excluded:
Current debt		2,132			32,129			33,660			214,732			214,732			196,116			198,022			199,606			50,937			50,937			50,953			50,970			56,321			881			881
Long-term debt		139,657			141,091			143,020			725			725			706			177,650			179,395			180,965			180,965			182,654			184,530			186,153			187,941			187,941
	$	374,016		$	394,840		$	406,381		$	396,702		$	396,702		$	384,175		$	378,339		$	410,600		$	392,174		$	392,174		$	364,619		$	392,792		$	409,475		$	397,765		$	397,765

(1)   Quarterly Average Committed Capital equals the sum of the committed capital of the most recent two quarters, divided by two.

(2)   Annual Average Committed Capital equals the sum of the committed capital of the most recent two year ends, divided by two.

(3)   Return on Committed Capital equals return divided by committed capital. Quarterly calculations are annualized.

Numbers may not foot due to rounding differences

PSS WORLD MEDICAL, INC.

Footnotes

(a)   EBITDA represents net income plus provision for income taxes, interest expense, depreciation, and amortization of intangible assets, less interest and investment income. Management review EBITDA when evaluating and comparing the performance of each operating segment on a quarterly basis. Management believes EBITDA is an important measure of liquidity.

(b)   ROCC equals return divided by average committed capital. Return is annualized for quarterly and year to date calculations. Management review ROCC when evaluating and comparing the performance of each operating segment on a quarterly basis. Management believes ROCC is an important measure of profitability and return.

(c)   DSO is average accounts receivable divided by average daily net sales. Average accounts receivable is the sum of accounts receivable, net of the allowance for doubtful accounts, at the beginning and end of the most recent four quarters divided by five. Average daily net sales are net sales for the most recent four quarters divided by 360.

(d)   DOH is average inventory divided by average daily cost of goods sold (“COGS”). Average inventory is the sum of inventory at the beginning and end of the most recent four quarters divided by five. Average daily COGS is quarterly COGS for the most recent four quarters divided by 360.

(e)   DIP is average accounts payable divided by average daily COGS. Average accounts payable is the sum of accounts payable at the beginning and end of the most recent four quarters divided by five.

(f)   Cash Conversion Days is the sum of DSO and DOH less DIP.

(g)   Operational working capital equals accounts receivable plus inventory minus accounts payable.

(h)   “Swine flu related product sales” represents increased sales in influenza test kits, surgical masks, medical gloves, hand sanitizers and other products related to the swine flu pandemic.