Item  8.01 Other Events.
Item 9.01 Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
EX-99.1
EX-99.2

Table of Contents

Section 8 — Other Events
Item 8.01 Other Events.
On October 29, 2009, the Registrant held an investor conference for stockholders, financial analysts and others. A transcript of the conference is filed herewith as Exhibit 99.1, and the written materials are filed herewith as Exhibit 99.2.
The conference presentation makes reference to the Registrant’s EBITDA for certain periods. EBITDA, or “earnings before interest, taxes, depreciation and amortization,” is calculated by adding back to net income interest expense, taxes, depreciation and amortization. While not recognized by generally accepted accounting principles, or “GAAP,” EBITDA is generally recognized as a good measure of cash flow generated by operations. A reconciliation of EBITDA amounts presented at the conference to the Registrant’s net income, as determined according to GAAP, is as follows:
Non GAAP Financial Statement Reconcilation
($ in millions)
                                                                                 
Description   2000   2001   2002   2003   2004   2005   2006   2007   2008   LTM
 
Net Income(loss)
    (5 )     28       29       54       91       71       (12 )     79       (43 )     11  
Add: Interest Income (Expense)
    8       6       3       2       1       (1 )     2       5       8       10  
Income Taxes Expense (Benefit)
    (3 )     17       18       34       58       44       (14 )     42       (31 )     1  
EBIT
          51       50       90       150       114       (24 )     126       (66 )     22  
Depreciaton and Amortization
    26       26       25       25       26       24       31       33       42       43  
EBITDA
    26       77       75       115       176       138       7       159       (24 )     65  
Adjustments:
                                                                               
Inventory Adjustment
                                                                    48       48  
Hurricane Cost
                                                                    1       1  
Legal Settlement(Donning & Doffing)
                                                                    3        
     
Adjusted EBITDA
    26       77       75       115       176       138       7       159       28       114  
     
Non GAAP Financial Statement Reconciliation
Last Twelve Months
($ in millions)
                                         
Qtr   4TH     1ST     2ND     3RD        
Year   2008     2009     2009     2009     LTM  
Description                                        
 
Net Income (Loss)
    (51.8 )     (6.7 )     26.2       43.0       10.7  
Add: Interest Income (Expense)
    2.4       3.2       2.5       2.0       10.1  
Income Taxes Expenses (Benefit)
    (34.9 )     (3.4 )     14.4       24.4       0.5  
     
EBIT
    (84.3 )     (6.9 )     43.1       69.5       21.4  
Depreciation and Amortization
    10.8       10.9       10.8       10.9       43.4  
     
EBITDA
    (73.5 )     4.0       53.9       80.4       64.8  
Adjustments:
                                       
Inventory Adjustment
    48.0                               48.0  
Hurricane Cost
    1.00                               1.0  
     
 
                                       
Adjusted EBITDA
    (24.5 )     4.0       53.9       80.4       113.8  
     
Section 9 — Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(c) The following exhibits are filed with this Current Report: