Full Press Release Details
Certain Supplemental Financial Information
Our historical financial
statements do not reflect amounts attributable to any acquired entity for dates prior to such entity s acquisition. We completed our acquisitions of Silversheet Inc. on January 30, 2019 and Advanced Medical Personnel Services, Inc. on
June 14, 2019 (the acquired entities ). Accordingly, our historical consolidated financial data for the twelve months ended June 30, 2019 do not reflect amounts attributable to the acquired entities. As part of our preliminary
offering memorandum that is being disseminated in connection with the Notes Offering, we are providing Further Adjusted EBITDA for the twelve months ended June 30, 2019 to give effect to the impact of our acquisitions of such acquired entities.
| For the Twelve Months Ended June 30, 2019 | ||||
| (dollars in thousands) | ||||
| Further Adjusted EBITDA | $ | 283,283 |
The following table shows the reconciliation of our Further Adjusted EBITDA to net income:
| For the Twelve Months Ended June 30, 2019 | ||||
| (dollars in thousands) | ||||
| Net Income | $ | 126,522 | ||
| Income tax expense | 40,328 | |||
| Interest expense, net & other | 16,170 | |||
| Depreciation and amortization | 47,173 | |||
| EBITDA (a) | 230,193 | |||
| Acquisition and integration costs | 10,617 | |||
| Share-based compensation | 13,558 | |||
| Legal settlement accrual increases | 12,140 | |||
| Adjusted EBITDA (a) | 266,508 | |||
| EBITDA attributable to 2019 acquisitions (b) | 16,775 | |||
| Further Adjusted EBITDA (a) | $ | 283,283 |