Financial Highlights

(US$ thousands, except per share amounts)
Year Ended December 31  
   
2012
2011
2010
2009
2008
       
Operations
     
Revenues
$
2,305,537
2,224,171
1,986,271
1,703,222
1,691,811
Operating earnings
78,397
98,061
97,532
38,181
71,327
Net earnings (loss) from continuing operations
40,933
101,743
47,900
(7,279)
19,837
Net (loss) earnings from discontinued operations
-
-
-
(576)
45,297
Net earnings (loss)
40,933
101,743
47,900
(7,855)
65,134
       
Financial Position
     
Total assets
$
1,317,910
1,233,718
1,129,541
1,009,530
990,637
Long-term debt
 
337,205
316,415
240,740
235,994
266,369
Convertible debentures
77,000
77,000
77,000
77,000
-
Shareholders' equity  
239,935
243,619
199,248
166,034
199,141
       
Earnings Data
     
Adjusted EBITDA1
 $
155,660
161,561
147,308
133,067
124,745
Adjusted earnings per common share2
  
1.62
1.81
1.61
1.42
1.37
GAAP diluted net (loss) earnings per common share from continuing operations
  
(0.12)
2.03
0.11
(1.85)
(0.19)
Diluted weighted average common shares outstanding (thousands)
 
30,376
33,301
30,367
29,516
29,914
       
Preferred Share Data
     
Number outstanding (thousands)
 
5,231
5,623
5,772
5,772
5,772
Cash dividends per preferred share
$
1.75
1.75
1.75
1.75
1.75
 
Notes
  1. Adjusted EBITDA is defined as net earnings from continuing operations before income tax, interest, depreciation, amortization, goodwill impairment charges, other expense (income), acquisition-related items, stock-based compensation expense, cost containment expense and reorganization charges.
  2. Adjusted earnings per common share is defined as diluted net (loss) earnings per common share from continuing operations, adjusted for the effect, after income tax, of non- controlling interest redemption increment, amortization, goodwill impairment charges, acquisition-related items, stock-based compensation expense, cost containment expense, reorganization charges and deferred income tax asset valuation allowances.