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Buoyed by Icelandic Acquisiton, High Liner Q2 Sales Rise Almost 43% as Profits Fall
date:Aug 10, 2012
cquisition expensed during thequarter as well as asset impairment costs, higher amortization ofintangible assets, and higher financing costs.

Excluding the one-time integration costs, asset impairment,non-cash expense from revaluing an embedded derivative associatedwith the long-term debt, as the interest rate is not less thanLIBOR of 1.5%, which is currently greater than prevailinginterest rates, and stock-based compensation expense, Adjustednet income was $5.5 million, or Adjusted diluted EPS

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