Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - DESTINATION XL GROUP, INC. | d729315d8k.htm |
| EX-99.1 - EX-99.1 - DESTINATION XL GROUP, INC. | d729315dex991.htm |
 RECONCILIATION OF NON-GAAP FINANCIAL
MEASURES
Fiscal year:
2009
2010
2011
2012
2013
Sales
$ 393.9
$ 392.0
$ 395.9
$ 399.6
$ 388.0
Operating Income (Loss), GAAP Basis
$ 9.5
$ 18.2
$ (4.4)
$ 13.9
$ (13.1)
Add back:
Depreciation and Amortization
$ 15.5
$ 13.2
$ 12.5
$ 15.5
$ 20.8
EBITDA
$ 25.0
$ 31.4
$ 8.1
$ 29.4
$ 7.7
Adjustment for Trademark Impairment
-
-
$ 23.1
-
-
ADJUSTED EBITDA
-
-
$ 31.2
-
-
EBITDA MARGIN
6.3%
8.0%
2.0%
7.4%
2.0%
ADJUSTED EDITDA MARGIN
7.9%
Appendix A
Exhibit 99.2
•
In addition to Operating Income (Loss) determined in accordance with United States Generally Accepted
Accounting Principles (GAAP), the Company uses certain non-GAAP financial measures, such as
“EBITDA,” “Adjusted EBITDA,”EBITDA Margin” and “Adjusted EBITDA Margin” in assessing its operating
performance. The Company believes that these non-GAAP measures serve as appropriate measures to be
used in evaluating the performance of its business.
•
The Company defines EBITDA as Operating Income (Loss) before Depreciation and Amortization. In
addition, Adjusted EBITDA for fiscal 2011 excludes the impact of a non-recurring trademark
impairment charge. The Company defines EBITDA Margin and Adjusted EBITDA Margin as EBITDA or Adjusted
EBITDA divided by Sales. . •
EBITDA and Adjusted EBITDA as defined by the Company may not be comparable to similarly titled
measures reported by other companies. The Company does not intend for non-GAAP financial
measures to be considered in isolation or as a substitute for other measures prepared in accordance with GAAP.
•
The following table provides a reconciliation of Operating Income (Loss), on a GAAP basis, to
EBITDA and Adjusted EBITDA, on a non-GAAP basis (in millions, except percentages) |