Exhibit 99.3
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Supplemental Pro Forma Information |
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Fiscal 2009 |
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Fiscal 2010 |
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||||||||||||||||||||||||||
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||||||||||||||||||||||||||
($ in thousands) |
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Q1 |
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Q2 |
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Q3 |
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Q4 |
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FY |
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Q1 |
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Q2 |
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Q3 |
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Q4 |
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FY |
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REVENUE: |
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Home & Building Products |
|
$ |
204,437 |
|
$ |
224,133 |
|
$ |
231,938 |
|
$ |
198,380 |
|
$ |
858,888 |
|
$ |
190,651 |
|
$ |
225,607 |
|
$ |
231,797 |
|
$ |
184,946 |
|
$ |
833,001 |
|
Plastics |
|
|
112,689 |
|
|
100,269 |
|
|
94,762 |
|
|
105,035 |
|
|
412,755 |
|
|
102,016 |
|
|
115,583 |
|
|
122,288 |
|
|
130,227 |
|
|
470,114 |
|
Telephonics |
|
|
80,827 |
|
|
96,567 |
|
|
94,126 |
|
|
116,361 |
|
|
387,881 |
|
|
103,619 |
|
|
116,190 |
|
|
100,413 |
|
|
114,294 |
|
|
434,516 |
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Total consolidated revenue |
|
$ |
397,953 |
|
$ |
420,969 |
|
$ |
420,826 |
|
$ |
419,776 |
|
$ |
1,659,524 |
|
$ |
396,286 |
|
$ |
457,380 |
|
$ |
454,498 |
|
$ |
429,467 |
|
$ |
1,737,631 |
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INCOME BEFORE TAXES and DISCONTINUIED OPERATIONS: |
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Segment profit before depreciation, amortization, restructuring and impairment: |
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|
|
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Home & Building Products (a) |
|
$ |
16,628 |
|
$ |
8,498 |
|
$ |
20,251 |
|
$ |
20,373 |
|
$ |
65,750 |
|
$ |
25,661 |
|
$ |
22,303 |
|
$ |
30,230 |
|
$ |
13,396 |
|
$ |
91,590 |
|
Plastics |
|
|
11,299 |
|
|
11,825 |
|
|
10,019 |
|
|
12,859 |
|
|
46,002 |
|
|
5,974 |
|
|
10,919 |
|
|
11,718 |
|
|
14,242 |
|
|
42,853 |
|
Telephonics |
|
|
6,865 |
|
|
9,795 |
|
|
11,528 |
|
|
13,352 |
|
|
41,540 |
|
|
8,621 |
|
|
12,409 |
|
|
11,768 |
|
|
13,322 |
|
|
46,120 |
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Total Segment profit before depreciation, amortization, restructuring and impairment |
|
|
34,792 |
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|
30,118 |
|
|
41,798 |
|
|
46,584 |
|
|
153,292 |
|
|
40,256 |
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|
45,631 |
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|
53,716 |
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|
40,960 |
|
|
180,563 |
|
Unallocated amounts (b) |
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|
(3,699 |
) |
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(4,009 |
) |
|
(5,531 |
) |
|
(4,721 |
) |
|
(17,960 |
) |
|
(5,531 |
) |
|
(6,860 |
) |
|
(7,497 |
) |
|
(14,311 |
) |
|
(34,199 |
) |
Gain (loss) from debt extinguishment, net |
|
|
4,304 |
|
|
— |
|
|
184 |
|
|
— |
|
|
4,488 |
|
|
(18 |
) |
|
12 |
|
|
— |
|
|
(1,111 |
) |
|
(1,117 |
) |
Net interest expense |
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|
(11,850 |
) |
|
(12,120 |
) |
|
(11,165 |
) |
|
(10,565 |
) |
|
(45,700 |
) |
|
(11,445 |
) |
|
(12,074 |
) |
|
(12,216 |
) |
|
(10,326 |
) |
|
(46,061 |
) |
Segment depreciation and amortization |
|
|
(14,501 |
) |
|
(14,063 |
) |
|
(14,424 |
) |
|
(14,898 |
) |
|
(57,886 |
) |
|
(13,855 |
) |
|
(14,225 |
) |
|
(13,077 |
) |
|
(15,022 |
) |
|
(56,179 |
) |
Impairments (ATT) |
|
|
(476 |
) |
|
(243 |
) |
|
(962 |
) |
|
(809 |
) |
|
(2,490 |
) |
|
— |
|
|
— |
|
|
(304 |
) |
|
(338 |
) |
|
(642 |
) |
Restructuring charges |
|
|
— |
|
|
(80 |
) |
|
(502 |
) |
|
(2,784 |
) |
|
(3,366 |
) |
|
(1,277 |
) |
|
(1,510 |
) |
|
(2,647 |
) |
|
(494 |
) |
|
(5,928 |
) |
Deal costs and predecessor management fees (c) |
|
|
(806 |
) |
|
(832 |
) |
|
(841 |
) |
|
(952 |
) |
|
(3,431 |
) |
|
(845 |
) |
|
(817 |
) |
|
(2,107 |
) |
|
(7,500 |
) |
|
(11,269 |
) |
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|
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|
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Income before taxes and discontinued operations |
|
$ |
7,764 |
|
$ |
(1,229 |
) |
$ |
8,557 |
|
$ |
11,855 |
|
$ |
26,947 |
|
$ |
7,285 |
|
$ |
10,157 |
|
$ |
15,868 |
|
$ |
(8,142 |
) |
$ |
25,168 |
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|
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DEPRECIATION and AMORTIZATION: |
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Segment: |
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|
Home & Building Products (a) |
|
$ |
7,251 |
|
$ |
7,273 |
|
$ |
7,565 |
|
$ |
7,210 |
|
$ |
29,299 |
|
$ |
6,616 |
|
$ |
6,605 |
|
$ |
6,065 |
|
$ |
6,975 |
|
$ |
26,261 |
|
Plastics |
|
|
5,763 |
|
|
5,247 |
|
|
5,239 |
|
|
5,681 |
|
|
21,930 |
|
|
5,613 |
|
|
5,833 |
|
|
5,027 |
|
|
5,911 |
|
|
22,384 |
|
Telephonics |
|
|
1,487 |
|
|
1,543 |
|
|
1,620 |
|
|
2,007 |
|
|
6,657 |
|
|
1,626 |
|
|
1,787 |
|
|
1,985 |
|
|
2,136 |
|
|
7,534 |
|
|
|
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|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total segment depreciation and amortization |
|
|
14,501 |
|
|
14,063 |
|
|
14,424 |
|
|
14,898 |
|
|
57,886 |
|
|
13,855 |
|
|
14,225 |
|
|
13,077 |
|
|
15,022 |
|
|
56,179 |
|
Unallocated |
|
|
71 |
|
|
315 |
|
|
88 |
|
|
62 |
|
|
536 |
|
|
82 |
|
|
84 |
|
|
91 |
|
|
82 |
|
|
339 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total consolidated depreciation and amortization |
|
$ |
14,572 |
|
$ |
14,378 |
|
$ |
14,512 |
|
$ |
14,960 |
|
$ |
58,422 |
|
$ |
13,937 |
|
$ |
14,309 |
|
$ |
13,168 |
|
$ |
15,104 |
|
$ |
56,518 |
|
|
|
|
|
|
|
|
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|
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|
|
|
|
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|
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|
DEAL COSTS and PREDECESSOR MANAGEMENT FEES: (c) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Home & Building Products (ATT) |
|
$ |
806 |
|
$ |
832 |
|
$ |
841 |
|
$ |
952 |
|
$ |
3,431 |
|
$ |
845 |
|
$ |
817 |
|
$ |
2,107 |
|
$ |
7,500 |
|
$ |
11,269 |
|
Unallocated (ATT) |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
9,805 |
|
|
9,805 |
|
|
|
|
|
|
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|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
806 |
|
$ |
832 |
|
$ |
841 |
|
$ |
952 |
|
$ |
3,431 |
|
$ |
845 |
|
$ |
817 |
|
$ |
2,107 |
|
$ |
17,305 |
|
$ |
21,074 |
|
|
|
|
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INTEREST EXPENSE, net: |
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|
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|
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Historic |
|
$ |
3,313 |
|
$ |
3,583 |
|
$ |
2,628 |
|
$ |
2,028 |
|
$ |
11,552 |
|
$ |
2,908 |
|
$ |
3,537 |
|
$ |
3,679 |
|
$ |
1,789 |
|
$ |
11,913 |
|
Pro forma |
|
|
11,850 |
|
|
12,120 |
|
|
11,165 |
|
|
10,565 |
|
|
45,700 |
|
|
11,445 |
|
|
12,074 |
|
|
12,216 |
|
|
10,326 |
|
|
46,061 |
|
PROVISION (BENEFIT) for INCOME TAXES: |
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|
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|
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|
|
|
|
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|
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|
Historic |
|
$ |
997 |
|
$ |
(3,277 |
) |
$ |
513 |
|
$ |
3,454 |
|
$ |
1,687 |
|
$ |
830 |
|
$ |
(1,175 |
) |
$ |
1,965 |
|
$ |
2,688 |
|
$ |
4,308 |
|
Pro forma (assumes 35% ATT tax rate) |
|
|
2,642 |
|
|
(1,833 |
) |
|
1,197 |
|
|
2,251 |
|
|
4,257 |
|
|
1,626 |
|
|
2,079 |
|
|
5,085 |
|
|
(507 |
) |
|
8,283 |
|
INCOME from CONTINUING OPERATIONS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Historic |
|
$ |
2,066 |
|
$ |
(2,076 |
) |
$ |
6,089 |
|
$ |
11,839 |
|
$ |
17,918 |
|
$ |
4,180 |
|
$ |
2,034 |
|
$ |
4,989 |
|
$ |
(1,699 |
) |
$ |
9,504 |
|
Pro forma (c) |
|
|
5,122 |
|
|
604 |
|
|
7,360 |
|
|
9,604 |
|
|
22,690 |
|
|
5,659 |
|
|
8,078 |
|
|
10,783 |
|
|
(7,635 |
) |
|
16,885 |
|
DILUTED EARNINGS PER SHARE from CONTINUING OPERATIONS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Historic |
|
$ |
0.04 |
|
$ |
(0.04 |
) |
$ |
0.10 |
|
$ |
0.20 |
|
$ |
0.30 |
|
$ |
0.07 |
|
$ |
0.03 |
|
$ |
0.08 |
|
$ |
(0.03 |
) |
$ |
0.16 |
|
Pro forma (c) |
|
|
0.09 |
|
|
0.01 |
|
|
0.12 |
|
|
0.16 |
|
|
0.38 |
|
|
0.09 |
|
|
0.13 |
|
|
0.18 |
|
|
(0.13 |
) |
|
0.28 |
|
|
|
(a) |
Adjusted for management fee to be charged to Ames by GFF. |
(b) |
Unallocated amounts typically include general corporate expenses not attributable to reportable segments. |
(c) |
Includes all ATT and GFF costs related to the GFF acquisition of ATT, as well as management fees charged to ATT by predecessor ownership that will not continue under GFF ownership. |
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|
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|
|
|
|
|
|
|
|
|
|
Supplemental Pro Forma Information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal 2009 |
|
Fiscal 2010 |
|
||||||||||||||||||||||||||
|
|
|
|
|
|
||||||||||||||||||||||||||
($ in thousands) |
|
Q1 |
|
Q2 |
|
Q3 |
|
Q4 |
|
FY |
|
Q1 |
|
Q2 |
|
Q3 |
|
Q4 |
|
FY |
|
||||||||||
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|
|
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|
|
|
|
|
|
|
|
|
|
|
HOME & BUILDING PRODUCTS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
|
|
|
Segment operating profit |
|
$ |
8,095 |
|
$ |
70 |
|
$ |
10,381 |
|
$ |
8,618 |
|
$ |
27,164 |
|
$ |
16,923 |
|
$ |
13,371 |
|
$ |
19,107 |
|
$ |
(1,911 |
) |
$ |
47,490 |
|
Depreciation and amortization |
|
|
7,251 |
|
|
7,273 |
|
|
7,565 |
|
|
7,210 |
|
|
29,299 |
|
|
6,616 |
|
|
6,605 |
|
|
6,065 |
|
|
6,975 |
|
|
26,261 |
|
Impairments (ATT) |
|
|
476 |
|
|
243 |
|
|
962 |
|
|
809 |
|
|
2,490 |
|
|
— |
|
|
— |
|
|
304 |
|
|
338 |
|
|
642 |
|
Restructuring charges |
|
|
— |
|
|
80 |
|
|
502 |
|
|
2,784 |
|
|
3,366 |
|
|
1,277 |
|
|
1,510 |
|
|
2,647 |
|
|
494 |
|
|
5,928 |
|
Deal costs and predecessor management fees |
|
|
806 |
|
|
832 |
|
|
841 |
|
|
952 |
|
|
3,431 |
|
|
845 |
|
|
817 |
|
|
2,107 |
|
|
7,500 |
|
|
11,269 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit before depreciation, amortization, impairments, restructuring and deal |
|
$ |
16,628 |
|
$ |
8,498 |
|
$ |
20,251 |
|
$ |
20,373 |
|
$ |
65,750 |
|
$ |
25,661 |
|
$ |
22,303 |
|
$ |
30,230 |
|
$ |
13,396 |
|
$ |
91,590 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PLASTICS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment operating profit |
|
$ |
5,536 |
|
$ |
6,578 |
|
$ |
4,780 |
|
$ |
7,178 |
|
$ |
24,072 |
|
$ |
361 |
|
$ |
5,086 |
|
$ |
6,691 |
|
$ |
8,331 |
|
$ |
20,469 |
|
Depreciation and amortization |
|
|
5,763 |
|
|
5,247 |
|
|
5,239 |
|
|
5,681 |
|
|
21,930 |
|
|
5,613 |
|
|
5,833 |
|
|
5,027 |
|
|
5,911 |
|
|
22,384 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit before depreciation and amortization |
|
$ |
11,299 |
|
$ |
11,825 |
|
$ |
10,019 |
|
$ |
12,859 |
|
$ |
46,002 |
|
$ |
5,974 |
|
$ |
10,919 |
|
$ |
11,718 |
|
$ |
14,242 |
|
$ |
42,853 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TELEPHONICS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment operating profit |
|
$ |
5,378 |
|
$ |
8,252 |
|
$ |
9,908 |
|
$ |
11,345 |
|
$ |
34,883 |
|
$ |
6,995 |
|
$ |
10,622 |
|
$ |
9,783 |
|
$ |
11,186 |
|
$ |
38,586 |
|
Depreciation and amortization |
|
|
1,487 |
|
|
1,543 |
|
|
1,620 |
|
|
2,007 |
|
|
6,657 |
|
|
1,626 |
|
|
1,787 |
|
|
1,985 |
|
|
2,136 |
|
|
7,534 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit before depreciation and amortization |
|
$ |
6,865 |
|
$ |
9,795 |
|
$ |
11,528 |
|
$ |
13,352 |
|
$ |
41,540 |
|
$ |
8,621 |
|
$ |
12,409 |
|
$ |
11,768 |
|
$ |
13,322 |
|
$ |
46,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SEGMENTS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment operating profit |
|
$ |
19,009 |
|
$ |
14,900 |
|
$ |
25,069 |
|
$ |
27,141 |
|
$ |
86,119 |
|
$ |
24,279 |
|
$ |
29,079 |
|
$ |
35,581 |
|
$ |
17,606 |
|
$ |
106,545 |
|
Depreciation and amortization |
|
|
14,501 |
|
|
14,063 |
|
|
14,424 |
|
|
14,898 |
|
|
57,886 |
|
|
13,855 |
|
|
14,225 |
|
|
13,077 |
|
|
15,022 |
|
|
56,179 |
|
Impairments (ATT) |
|
|
476 |
|
|
243 |
|
|
962 |
|
|
809 |
|
|
2,490 |
|
|
— |
|
|
— |
|
|
304 |
|
|
338 |
|
|
642 |
|
Restructuring charges |
|
|
— |
|
|
80 |
|
|
502 |
|
|
2,784 |
|
|
3,366 |
|
|
1,277 |
|
|
1,510 |
|
|
2,647 |
|
|
494 |
|
|
5,928 |
|
Deal costs and predecessor management fees |
|
|
806 |
|
|
832 |
|
|
841 |
|
|
952 |
|
|
3,431 |
|
|
845 |
|
|
817 |
|
|
2,107 |
|
|
7,500 |
|
|
11,269 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit before depreciation, amortization, impairments, restructuring and deal |
|
$ |
34,792 |
|
$ |
30,118 |
|
$ |
41,798 |
|
$ |
46,584 |
|
$ |
153,292 |
|
$ |
40,256 |
|
$ |
45,631 |
|
$ |
53,716 |
|
$ |
40,960 |
|
$ |
180,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|