Reconciliations
To supplement consolidated financial statements presented in accordance with GAAP, Kensey Nash Corporation uses non-GAAP measures of pro forma net income and earnings per share, which are adjusted from our GAAP results to exclude certain expenses and credits. These non-GAAP adjustments are provided to enhance the user’s overall understanding of our historical and current financial performance and prospects for the future. We believe the non-GAAP results provide useful information to both management and investors by excluding certain expenses and credits that we believe are not indicative of our operating results.
The non-GAAP measures are included to provide investors and management with an alternative method for assessing Kensey Nash Corporation’s operating results in a manner that is focused on the performance of ongoing operations and to provide a more consistent basis for comparison between years. Further, these non-GAAP results are one of the primary indicators management uses for planning and forecasting in future periods. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with accounting principles generally accepted in the United States.
All fiscal years end June 30th.
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