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Share Name | Share Symbol | Market | Type |
---|---|---|---|
True Religion Apparel, Inc. (MM) | NASDAQ:TRLG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 31.98 | 0 | 01:00:00 |
Delaware
|
000-51483
|
98-0352633
|
(State or Other Jurisdiction
|
(Commission
|
(IRS Employer
|
of Incorporation)
|
File Number)
|
Identification No.)
|
Item 7.01
|
Regulation FD Disclosure
|
-
|
Total net sales increased 11.1% to $116.6 million compared to $104.9 million in the second quarter of 2012.
|
-
|
EBITDA increased 2.5% to $18.9 million compared to $18.5 million in the second quarter of 2012.
|
-
|
Adjusted EBITDA increased 2.9% to $23.4 million compared to $22.7 million in the second quarter of 2012.
|
EBITDA Reconciliaton
|
|||
(Dollar amounts in thousands)
|
|||
(unaudited)
|
|||
Quarter Ended June 30,
|
|||
2013
|
2012
|
||
Net Income
|
$ 8,426
|
$ 9,838
|
|
Depreciation and amortization
|
3,484
|
3,086
|
|
Income tax expense
|
7,138
|
5,603
|
|
Interest income
|
(110)
|
(58)
|
|
EBITDA (a)
|
$ 18,938
|
$ 18,469
|
|
Stock-based compensation expense (b)
|
1,030
|
3,030
|
|
Foreign currency loss (c)
|
14
|
1,246
|
|
Strategic review costs (d)
|
3,295
|
-
|
|
Severance
|
124
|
-
|
|
Adjusted EBITDA (e)
|
$ 23,401
|
$ 22,745
|
|
(a)
|
EBITDA is defined as net income before interest, income tax expense and depreciation and amortization.
|
|
(b)
|
Represents non-cash compensation expense.
|
|
(c)
|
Foreign exchange losses.
|
|
(d)
|
Expenses recorded in the second quarter of 2013 in connection with the Company's review of strategic alternatives and the proposed merger with TowerBrook Capital Partners.
|
|
(e)
|
Adjusted EBITDA is defined as EBITDA plus stock-based compensation expense, foreign currency losses (gains), strategic review costs and certain other adjustments that management believes are not representative of its core operating performance.
|
July 19, 2013 | TRUE RELIGION APPAREL, INC. | ||
|
By:
|
/s/ Peter F. Collins | |
Name: | Peter F. Collins | ||
Title: | Chief Financial Officer | ||
1 Year True Religion Apparel, Inc. (MM) Chart |
1 Month True Religion Apparel, Inc. (MM) Chart |
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