Kraton First Quarter 2017 Earnings Call 16
Reconciliation of Diluted EPS to Adjusted Diluted EPS
a) Charges related to the evaluation of acquisition transactions, severance expenses, and other restructuring related charges.
b) We had higher costs of goods sold for our Chemical segment related to the fair value adjustment in purchase accounting for their inventory.
c) Startup costs related to the joint venture company, KFPC.
d) Reduction of income tax valuation allowance related to the assessment of our ability to utilize net operating losses in future periods.
Three Months Ended March 31,
Diluted earnings per share $ 0.20 $ 2.84
Transaction, acquisition related costs, restructuring, and other costs (a) 0.12 0.33
Disposition and exit of business activities — (0.94)
Loss on extinguishment of debt 0.41 0.28
Effect of purchase price accounting on inventory valuation (b) — 0.63
KFPC startup costs (c) 0.06 0.01
Valuation allowance (d) — (2.80)
Spread between FIFO and ECRC (0.94) 0.45
Adjusted diluted earnings (loss) per share (non-GAAP) $ (0.15) $ 0.80