CTS Corporation Reconciliation of Net Earnings to Adjusted Net Earnings ($ in millions) March 31 2016 2015 2015 2014 Full Year 2013 2012 2011 Net earnings from continuing operations (A) $ 7.9 $ 6.3 $ 7.0 $ 26.5 $ 2.0 $ 13.5 $ 11.3 Charges (credits) to reported net earnings from continuing operations: Restructuring, restructuring-related, and asset impairment charges Gain on sale-leaseback Non-recurring environmental charge Foreign currency loss CEO search costs, legal costs, and acquisition-related costs Total adjustments to reported net earnings from continuing operations Total adjustments, tax affected from continuing operations (B) $ $ $ $ $ $ $ 0.2 0.8 1.0 0.7 $ $ $ $ $ $ $ 0.8 0.8 0.6 $ $ $ $ $ $ $ 15.2 14.5 29.7 22.4 $ $ $ $ $ $ $ 7.9 7.9 6.3 $ $ $ $ $ $ $ 11.8 4.1 15.9 12.1 $ $ $ $ $ $ $ 4.5 (10.3) 3.9 (1.9) (1.4) $ $ $ $ $ $ $ 2.6 0.4 3.0 2.1 Tax adjustments: Tax repatriation U.K. deferred tax asset write-off Tax asset write-off related to restructuring Reserve on an uncertain tax position Change in valuation allowance Change in treatment of certain foreign taxes Total tax adjustments (C) $ $ $ $ $ $ $ - $ $ $ $ $ $ $ - $ $ $ $ $ $ $ 8.8 5.2 3.5 (15.7) 1.8 $ $ $ $ $ $ $ 0.4 0.4 $ $ $ $ $ $ $ 10.5 1.0 11.5 $ $ $ $ $ $ $ - $ $ $ $ $ $ $ - Adjusted net earnings from continuing operations (A+B+C) $ 8.6 $ 6.9 $ 31.2 $ 33.2 $ 25.5 $ 12.1 $ 13.4 Sales from continuing operations $ 96.7 $ 98.3 8.9% 7.0% Adjusted operating earnings as a % of sales from continuing operations $ 382.3 $ 404.0 $ 409.5 $ 304.5 $ 279.9 8.2% 8.2% 6.2% 4.0% 4.8%