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For the second quarter 2012, the company reported earnings before interest, taxes, depreciation and amortization ("EBITDA") of $8.9 million compared to EBITDA of $25.9 million for the second quarter 2011. Results include the impact of certain restructuring and other highlighted charges discussed below. Excluding these highlighted charges, EBITDA was $10.5 million for the second quarter 2012 compared to $23.8 million for the second quarter 2011. The year-over-year reduction in EBITDA of $17.0 million was driven by lower gross margins. A reconciliation of EBITDA to net income is set forth at the end of this earnings release.
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