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Quotes & Info
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| CFI > SEC Filings for CFI > Form 8-K on 3-Mar-2009 | All Recent SEC Filings |
3-Mar-2009
Results of Operations and Financial Condition
On March 3, 2009, the Company issued a news release to announce its financial results for the third quarter ended February 1, 2009. The news release is attached hereto as Exhibit 99(a).
Also on March 3, 2009, the Company released a Financial Information Release containing additional financial information and disclosures about the Company's third quarter ended February 1, 2009. The Financial Information Release is attached hereto as Exhibit 99(b).
The news release and Financial Information Release contain disclosures about free cash flow, a non-GAAP performance measure, that management believes provides useful information to investors because it measures the Company's available cash flow for potential debt repayment, stock repurchases and additions to cash and cash equivalents. In addition, the news release and Financial Information Release contain proforma income statement information, which reconciles reported and projected income statement information with proforma results, which exclude restructuring and related charges. The Company has included this proforma information in order to show operational performance excluding the effects of restructuring and related charges. Management believes this presentation aids in the comparison of financial results among comparable financial periods. In addition, this information is used by management to make operational decisions about the Company's business, is used in certain financial covenants in the Company's loan agreements, and is used by the Company as a financial goal for purposes of determining management incentive bonuses.
Item 9.01 (d) - Exhibits
99(a) News Release dated March 3, 2009
99(b) Financial Information Release dated March 3, 2009
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