PPT Slide
ROIC vs. Folding Carton Peers
ROIC= (Net Income + Interest After Tax)/(Current Maturities of Debt+Long-term Debt+Total Shareholders’ Equity).
Includes plant closing costs of $65.6 million, $16.9 million and $18.2 million in fiscal 2000, 2001 and 2002, respectively.
The Company does not believe that there is a GAAP measure that is directly comparable to ROIC. With the exception of Interest After Tax, all of the elements included in the calculation of ROIC are numbers calculated in accordance with GAAP. If the Company had calculated its ROIC using the pre-tax interest amount from the corresponding income statement, the ROIC would have been 2.1%, 7.4% and 6.2% in fiscal 2000, 2001 and 2002, respectively.