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CTS Corporation
Reconciliation of Operating Earnings to Adjusted Operating Earnings
($ in millions)
March 31
2016
2015
2015
2014
Full Year
2013
2012
2011
Operating earnings from continuing operations
$
12.4
$
10.5
$
18.1
$
42.3
$
17.7
$
15.1
$
12.7
Charges (credits) to reported operating earnings from continuing operations:
Restructuring, restructuring-related, and asset impairment charges
Gain on sale-leaseback
Non-recurring environmental charge
CEO search costs, legal costs, and acquisition-related costs
Total adjustments to reported operating earnings from continuing operations
$
$
$
$
$
0.8
0.8
$
$
$
$
$
0.8
0.8
$
$
$
$
$
15.2
14.5
29.7
$
$
$
$
$
7.9
7.9
$
$
$
$
$
11.8
4.1
15.9
$
$
$
$
$
4.5
(10.3)
3.9
(1.9)
$
$
$
$
$
2.6
0.4
3.0
Adjusted operating earnings from continuing operations
$
13.2
$
11.3
$
47.8
$
50.2
$
33.6
$
13.2
$
15.7
Sales from continuing operations
$
96.7 $
98.3
$ 382.3 $ 404.0 $ 409.5 $ 304.5 $ 279.9
Adjusted operating earnings as a % of sales from continuing operations
13.7%
11.5%
12.5%
12.4%
8.2%
4.3%
5.6%