| Income Statement for XRite Inc. (XRIT) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 248,710 | 179,803 | 130,939 | 126,241 | 117,144 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (77,639) | (66,095) | (38,732) | (38,867) | (36,393) | | Gross Operating Profit | 171,071 | 113,708 | 92,207 | 87,374 | 80,751 | | | Selling/General/Admin Expense | (88,788) | (70,115) | (55,124) | (50,350) | (48,758) | | Research & Development | (34,672) | (26,516) | (16,316) | (15,170) | (14,605) | | EBITDA | 47,611 | 17,077 | 20,767 | 21,854 | 17,388 | | Depreciation & Amortization | (24,834) | (15,440) | (6,218) | (6,036) | (6,017) | | EBIT | 22,777 | 1,637 | 14,549 | 15,818 | 11,371 | | Interest Income | - | - | - | 657 | - | | Other Income, Net | (297) | 1,895 | (336) | (173) | 57 | | Total Income Avail For Interest Expense | 10,831 | (20,869) | 15,035 | 16,302 | 5,124 | | Interest Expense | (22,089) | (8,758) | - | (342) | (845) | | Pre-Tax Income | (11,258) | (29,627) | 15,035 | 15,960 | 4,279 | | Income Taxes | (9,564) | 4,136 | (3,983) | (3,536) | 1,202 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (20,822) | (25,491) | 11,052 | 12,424 | 5,481 | | Net Income from Discontinued Operations | 8,243 | - | - | - | - | | Net Income from Total Operations | (12,579) | (25,491) | 11,052 | 12,424 | 5,481 | | | Normalized Income | (9,173) | (1,090) | 10,230 | 12,424 | 11,785 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (11,649) | (24,401) | 822 | - | (6,304) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (12,579) | (25,491) | 11,052 | 12,424 | 5,481 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.10 | 0.10 | 0.10 | 0.10 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.72 | -1.03 | 0.52 | 0.60 | 0.27 | | Basic EPS from Discontinued Operations | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.44 | -1.03 | 0.52 | 0.60 | 0.27 | | | Diluted EPS from Continuing Operations | -0.72 | -1.03 | 0.52 | 0.59 | 0.27 | | Diluted EPS from Discontinued Operations | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.44 | -1.03 | 0.52 | 0.59 | 0.27 | | | |
