CTS Corporation Definition of Financial Term - "EBITDA" and Reconciliation of EBITDA to Adjusted EBITDA ($ in millions) March 31 2016 2015 2015 2014 Full Year 2013 2012 2011 Net earnings from continuing operations $ 7.9 $ 6.3 $ 7.0 $ 26.5 $ 2.0 $ 13.5 $ 11.3 Depreciation and amortization expense Interest expense Tax expense $ $ $ 4.0 $ 0.8 $ 4.1 $ 4.1 0.6 2.7 $ $ $ 16.3 $ 2.6 $ 5.3 $ 17.0 $ 2.3 $ 12.8 $ 17.3 $ 3.3 $ 16.1 $ 13.5 $ 2.6 $ 1.0 $ 12.1 2.1 1.1 EBITDA from continuing operations $ 16.8 $ 13.7 $ 31.2 $ 58.6 $ 38.6 $ 30.5 $ 26.5 Charges (credits) to EBITDA 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 operating earnings from continuing operations $ $ $ $ $ $ 0.2 0.8 1.0 $ $ $ $ $ $ 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 EBITDA from continuing operations $ 17.8 $ 14.5 $ 60.9 $ 66.5 $ 54.5 $ 28.6 $ 29.5 Sales from continuing operations $ 96.7 $ 98.3 $ 382.3 $ 404.0 $ 409.5 $ 304.5 $ 279.9 Adjusted EBITDA as a % of sales from continuing operations 18.4% 14.8% 15.9% 16.5% 13.3% 9.4% 10.5%