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| SFD > SEC Filings for SFD > Form 8-K on 14-Jun-2012 | All Recent SEC Filings |
14-Jun-2012
Results of Operations and Financial Condition
On June 14, 2012, the Registrant issued a press release announcing its results
for fiscal year 2012 and the fourth quarter of fiscal 2012, which ended April
29, 2012. The information contained in the press release, which is attached as
Exhibit 99.1 to this report, is incorporated herein by reference.
The press release contains certain non-GAAP financial information about the
Registrant. The Registrant has reconciled the non-GAAP financial measures to the
GAAP financial measures, which are contained within the press release.
The reconciliations of non-GAAP financial measures use financial measures
computed in accordance with GAAP as a starting point. The GAAP measures are
adjusted by the impact of certain significant items to arrive at the non-GAAP
financial measures. Management believes that these non-GAAP financial measures
reflect an additional way of viewing aspects of our business that, when viewed
together with our financial results computed in accordance with GAAP, provide a
more complete understanding of factors and trends affecting our historical
financial performance and projected future operating results. This combined view
of GAAP and non-GAAP measures also provides greater transparency of underlying
profit trends and better comparability of results across periods. Additionally,
investors frequently request information from management regarding significant
items and management believes, based on feedback it has received during earnings
calls and discussions with investors, that these non-GAAP measures enhance
investors' ability to assess our historical performance and to project future
financial performance. These non-GAAP financial measures are not intended to be
a substitute for the comparable GAAP measures and should be read only in
conjunction with our consolidated financial statements prepared in accordance
with GAAP. Management also uses certain non-GAAP financial measures, in
conjunction with the GAAP financial measures, to understand, manage and evaluate
our businesses and in planning for and forecasting financial results for future
periods.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release, dated June 14, 2012, announcing the Registrant's results for fiscal year 2012 and the fourth quarter of fiscal 2012, which ended April 29, 2012.
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