RESTON, Va., Oct. 20, 2026 (GLOBE NEWSWIRE) — St ide, I c. (NYSE: LRN), o e of the atio ’s most successful tech ology-based educatio compa ies, today a ou ced its esults fo the fi st qua te of fiscal yea 2027 e ded Septembe 30, 2026.
- Reve ue of $639.4 millio , compa ed with $620.9 millio
- I come f om ope atio s of $84.3 millio , compa ed with $69.0 millio
- Net i come of $64.9 millio , compa ed with $68.8 millio
- Diluted et i come pe sha e of $1.45, compa ed with $1.40
- Adjusted ope ati g i come of $78.6 millio , compa ed with $81.1 millio (1)
- Adjusted EBITDA of $111.8 millio , compa ed with $108.4 millio (1)
- Adjusted ea i gs pe sha e of $1.37, compa ed with $1.52 (1)
| Reve ues | $ | 639,378 | $ | 620,884 | $ | 18,494 | 3.0% | I come f om ope atio s | 84,268 | 68,983 | 15,285 | 22.2% | Adjusted ope ati g i come (1) | 78,646 | 81,138 | (2,492) | (3.1)% | Net i come | 64,919 | 68,800 | (3,881) | (5.6)% | Net i come pe sha e, diluted | 1.45 | 1.40 | 0.05 | 3.6% | Adjusted ea i gs pe sha e (1) | 1.37 | 1.52 | (0.15) | (9.9)% | EBITDA (1) | 119,202 | 98,217 | 20,985 | 21.4% | Adjusted EBITDA (1) | 111,810 | 108,439 | 3,371 | 3.1% |
(1) To suppleme t ou fi a cial stateme ts p ese ted i acco da ce with U.S. ge e ally accepted accou ti g p i ciples (GAAP), we also p ese t o -GAAP fi a cial measu es i cludi g adjusted ope ati g i come (loss), EBITDA, adjusted EBITDA, a d adjusted ea i gs pe sha e. Ma ageme t believes that these additio al measu es p ovide useful i fo matio to i vesto s elati g to ou fi a cial pe fo ma ce. A eco ciliatio of these o -GAAP fi a cial measu es to the most di ectly compa able GAAP fi a cial measu es is p ovided below.
| $ | 356,606 | $ | 363,116 | $ | (6,510) | (1.8)% | Middle – High School | 272,098 | 241,500 | 30,598 | 12.7% | Adult | 10,674 | 16,268 | (5,594) | (34.4)% | Total Ca ee Lea i g | 282,772 | 257,768 | 25,004 | 9.7% | 639,378 | 620,884 | 18,494 | 3.0% |
Fi st qua te e ollme ts ave aged 241.4K, dow (2.5)% compa ed to 247.7K e ollme ts i the fi st qua te of fiscal yea 2026. Of the total e ollme ts, 112.2K we e Ca ee Lea i g e ollme ts, up 2.0% compa ed to 110.0K Ca ee Lea i g e ollme ts i the fi st qua te of fiscal 2026.
E ollme ts i clude those stude ts i full se vice public o p ivate p og ams whe e St ide p ovides a combi atio of cu iculum, tech ology, a d i st uctio al a d suppo t se vices, i clusive of admi ist ative suppo t a d may i clude e ollme ts fo which St ide eceives o public fu di g o eve ue. St ide does ot epo t e ollme ts fo ou Adult Lea i g busi ess.
Reve ue pe e ollme t fo the fi st qua te was $2,556, up 7.0% compa ed to $2,388 i the fi st qua te of fiscal yea 2026. Ge e al Educatio eve ue pe e ollme t was $2,670, up 5.0%, a d Ca ee Lea i g eve ue pe e ollme t was $2,425, up 10.4%, compa ed to fiscal yea 2026. If the mix of e ollme ts cha ges, ou eve ues will be impacted to the exte t the ave age eve ues pe e ollme t a e sig ifica tly diffe e t.
As of Septembe 30, 2026, the Compa y’s cash a d cash equivale ts a d ma ketable secu ities totaled $884.2 millio , compa ed with $1,034.1 millio epo ted at Ju e 30, 2026.
Capital expe ditu es fo the th ee mo ths e ded Septembe 30, 2026 we e $24.5 millio , compa ed to $21.7 millio i the th ee mo ths e ded Septembe 30, 2025, a d we e comp ised of $17.9 millio of capitalized softwa e developme t a d $6.6 millio of capitalized cu iculum developme t.
The Compa y is fo ecasti g the followi g fo the full fiscal yea 2027:
- Reve ue i the a ge of $2.530 billio to $2.610 billio
- Capital expe ditu es i the a ge of $70 millio to $80 millio . Note that capital expe ditu es i clude the pu chase of p ope ty a d equipme t, a d capitalized softwa e a d cu iculum developme t costs as defi ed o ou Stateme t of Cash Flows
- Effective tax ate of 24% to 26%
- Adjusted ope ati g i come i the a ge of $500 millio to $530 millio (2)
The Compa y is fo ecasti g the followi g fo the seco d qua te of fiscal yea 2027:
- Reve ue i the a ge of $625 millio to $645 millio
- Capital expe ditu es i the a ge of $19 millio to $21 millio . Note that capital expe ditu es i clude the pu chase of p ope ty a d equipme t, a d capitalized softwa e a d cu iculum developme t costs as defi ed o ou Stateme t of Cash Flows
- Adjusted ope ati g i come i the a ge of $135 millio to $145 millio (2)
(2) I additio to p ovidi g a outlook fo eve ue a d capital expe ditu es, adjusted ope ati g i come is p ovided as a suppleme tal o -GAAP fi a cial measu e as ma ageme t believes that it p ovides useful i fo matio to ou i vesto s. A eco ciliatio of these o -GAAP fi a cial measu es to the most di ectly compa able GAAP fi a cial measu es is p ovided below. Please also see Special Note o Fo wa d-Looki g Stateme ts below.
The Compa y will discuss its fi st qua te fiscal yea 2027 fi a cial esults du i g a co fe e ce call scheduled fo Tuesday, Octobe 20, 2026 at 5:00 p.m. Easte Time (ET).
A live webcast of the call will be available at i vesto s.st idelea i g.com/eve ts-a d-p ese tatio s. To pa ticipate i the live call, i vesto s a d a alysts should dial (833) 461-5787 (domestic) o +1 (585) 542-9983 (i te atio al) a d p ovide the co fe e ce ID umbe 305 592 627. Please access the website at least 15 mi utes p io to the sta t of the call.
A eplay of the call will be posted at i vesto s.st idelea i g.com/eve ts-a d-p ese tatio s.
St ide I c. (NYSE: LRN) is edefi i g lifelo g lea i g with i ovative, high-quality educatio solutio s. Se vi g lea e s i p ima y, seco da y, a d postseco da y setti gs, St ide p ovides a wide a ge of se vices i cludi g K-12 educatio , ca ee lea i g, p ofessio al skills t ai i g, a d tale t developme t. St ide eaches lea e s i all 50 states a d ove 100 cou t ies. Lea mo e at st idelea i g.com.
This p ess elease co tai s ce tai fo wa d-looki g stateme ts withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995 that i volve substa tial isks a d u ce tai ties. All stateme ts othe tha stateme ts of histo ical facts co tai ed i this p ess elease a e fo wa d-looki g stateme ts, such as a y stateme ts that look to futu e eve ts a d i clude, amo g othe thi gs, ou expectatio s ega di g: mix of e ollme t, eve ue pe e ollme t, futu e fi a cial a d othe t e ds, fo ecasts, assumptio s a d guida ce, a d futu e sha e epu chases. We have t ied, whe eve possible, to ide tify these fo wa d-looki g stateme ts usi g wo ds such as “outlook,” “fo ecasts,” “a ticipates,” “t e ds,” “believes,” “estimates,” “co ti ues,” “likely,” “may,” “oppo tu ity,” “pote tial,” “p ojects,” “will,” “will be,” “expects,” “pla s,” “i te ds,” “should,” “would” a d simila exp essio s to ide tify fo wa d-looki g stateme ts, whethe i the egative o the affi mative. These stateme ts eflect ou cu e t beliefs a d a e based upo i fo matio cu e tly available to us. Acco di gly, such fo wa d-looki g stateme ts i volve k ow a d u k ow isks, u ce tai ties a d othe facto s which could cause ou actual esults, pe fo ma ce o achieveme ts to diffe mate ially f om those exp essed i , o implied by, such stateme ts. These isks, u ce tai ties, facto s a d co ti ge cies i clude, but a e ot limited to: eductio of pe pupil fu di g amou ts at the schools we se ve; i ability to achieve a sufficie t level of ew e ollme ts to sustai ou busi ess model o to meet fi a cial o ope atio al guida ce; limitatio s of the e ollme t data we p ese t, which may ot fully captu e t e ds i the pe fo ma ce of ou busi ess; failu e to e te i to ew school co t acts o e ew existi g co t acts, i pa t o i thei e ti ety; failu e of the schools we se ve, ou ve do s, o us to comply with ou co t acts, o fede al, state a d local laws a d egulatio s, esulti g i a loss of fu di g, a obligatio to epay fu ds p eviously eceived, co t actual emedies, o actio s o p oceedi gs agai st us; gove me tal i vestigatio s that could esult i fi es, pe alties, settleme ts, o i ju ctive elief; decli es o va iatio s i academic pe fo ma ce outcomes of the stude ts a d schools we se ve, i cludi g due to the evolutio of cu iculum sta da ds, testi g p og ams a d state accou tability met ics; ha m to ou eputatio esulti g f om poo pe fo ma ce o misco duct by ope ato s o us i a y school i ou i dust y a d/o i a y school which we ope ate; legal a d egulato y challe ges f om oppo e ts of vi tual public educatio o fo -p ofit educatio compa ies; pote tial violatio of laws a d egulatio s elati g to p ivacy a d data p otectio , i cludi g such laws a d egulatio s as may apply to child e ’s data; cha ges i atio al a d local eco omic a d busi ess co ditio s a d othe facto s, such as atu al disaste s, pa demics a d outb eaks of co tagious diseases a d othe adve se public health developme ts; disc epa cies i i te p etatio of legislatio by egulato y age cies that may lead to payme t o fu di g disputes; te mi atio of ou co t acts, o a eductio o te mi atio i the scope of se vices, with schools; failu e to develop the Ca ee Lea i g busi ess; e t y of ew competito s with supe io tech ologies (i cludi g a tificial i tellige ce (“AI”)) a d lowe p ices; u successful i teg atio of me ge s, acquisitio s a d joi t ve tu es; failu e to fu the develop, mai tai a d e ha ce ou tech ology, p oducts, se vices a d b a ds; i adequate ec uiti g, t ai i g a d ete tio of effective teache s a d employees; i f i geme t of ou i tellectual p ope ty; dis uptio s to ou I te et-based lea i g a d delive y systems, i cludi g, but ot limited to, ou data sto age systems a d thi d-pa ty cloud i f ast uctu e, systems a d facilities, i cludi g as a esult of cybe secu ity attacks; misuse o u autho ized disclosu e of stude t a d pe so al data; failu e to p eve t o mitigate a cybe secu ity i cide t that affects ou systems o ou data; p oblems i the impleme tatio of ew i fo matio tech ology systems a d tech ology; failu e by us o thi d pa ties to mai tai a d suppo t i fo matio tech ology systems, i cludi g add essi g quality issues a d timely delive i g ew p oducts a d e ha ceme ts; isks elated to the use, impleme tatio a d egulatio of AI a d othe eme gi g tech ologies, i cludi g i the educatio of child e , a d thei use by thi d-pa ty ve do s; isks elated to ou stock epu chase p og am; the exte t to which we acqui e busi esses o cha ge ou capital allocatio st ategy o the impleme tatio the eof; cha ges i ou effective tax ate a d additio al liabilities; a d othe isks a d u ce tai ties associated with ou busi ess desc ibed i the isk facto s discussed i the Compa y’s A ual Repo t o Fo m 10-K fo the yea e ded Ju e 30, 2026 a d a y subseque tly filed A ual Repo ts o Fo m 10-K, Qua te ly Repo ts o Fo m 10-Q o the Compa y’s othe fili gs with the Secu ities a d Excha ge Commissio . Fo wa d-looki g stateme ts eflect ou ma ageme t’s expectatio s o p edictio s of futu e co ditio s, eve ts o esults based o va ious assumptio s a d estimates. They a e ot gua a tees of futu e pe fo ma ce. Ou actual esults a d fi a cial co ditio may diffe , possibly mate ially, f om the a ticipated esults a d fi a cial co ditio i dicated i these fo wa d-looki g stateme ts. Reade s a e cautio ed ot to place u due elia ce o fo wa d-looki g stateme ts i this p ess elease o that we make f om time to time, a d to co side ca efully the facto s discussed above. All i fo matio i this p ess elease is as of today’s date, a d the Compa y u de takes o obligatio to update a y fo wa d-looki g stateme t as a esult of ew i fo matio , futu e eve ts o othe wise, except whe e we a e exp essly equi ed to do so by law.
The fi a cial stateme ts set fo th below a e ot the complete set of St ide, I c.’s fi a cial stateme ts fo the th ee mo ths e ded Septembe 30, 2026 a d a e p ese ted below without foot otes. Reade s a e e cou aged to obtai a d ca efully eview St ide I c.’s Qua te ly Repo t o Fo m 10-Q fo the th ee mo ths e ded Septembe 30, 2026, i cludi g all fi a cial stateme ts co tai ed the ei a d the foot otes the eto, filed with the SEC, which may be et ieved f om the SEC’s website at www.sec.gov o f om St ide I c.’s I vesto Relatio s website at i vesto s.st idelea i g.com.
| $ | 639,378 | $ | 620,884 | I st uctio al costs a d se vices | 398,261 | 378,761 | 241,117 | 242,123 | Selli g, ge e al, a d admi ist ative expe ses | 156,849 | 173,140 | 84,268 | 68,983 | I te est expe se, et | (2,906 | ) | (3,075 | ) | Othe i come, et | 1,477 | 16,914 | 82,839 | 82,822 | I come tax expe se | (17,840 | ) | (14,423 | ) | I come (loss) f om equity method i vestme ts | (80 | ) | 401 | $ | 64,919 | $ | 68,800 | Basic | $ | 1.57 | $ | 1.59 | Diluted | $ | 1.45 | $ | 1.40 | Basic | 41,479,826 | 43,371,952 | Diluted | 44,828,092 | 49,222,851 |
| Cash a d cash equivale ts | $ | 547,750 | $ | 754,501 | Accou ts eceivable, et of allowa ce of $31,751 a d $31,302 | 854,808 | 664,788 | I ve to ies, et | 22,665 | 38,250 | P epaid expe ses | 75,345 | 43,052 | Ma ketable secu ities | 241,425 | 203,499 | Othe cu e t assets | 12,414 | 12,033 | 1,754,407 | 1,716,123 | P ope ty a d equipme t, et | 172,974 | 102,042 | Capitalized softwa e, et | 101,916 | 95,002 | Capitalized cu iculum developme t costs, et | 59,963 | 56,895 | I ta gible assets, et | 9,106 | 10,876 | Goodwill | 246,676 | 246,676 | Deposits a d othe assets | 185,914 | 207,938 | $ | 2,530,956 | $ | 2,435,552 | Accou ts payable | $ | 75,884 | $ | 46,742 | Acc ued liabilities | 68,400 | 95,446 | Acc ued compe satio a d be efits | 28,220 | 62,896 | Defe ed eve ue | 6,817 | 20,553 | Cu e t po tio of fi a ce lease liability | 85,463 | 60,477 | Cu e t po tio of ope ati g lease liability | 2,374 | 2,737 | Cu e t po tio of debt | 418,431 | – | 685,589 | 288,851 | Lo g-te m fi a ce lease liability | 104,661 | 56,455 | Lo g-te m ope ati g lease liability | 8,106 | 8,316 | Lo g-te m debt | — | 417,995 | Defe ed tax liability | 41,137 | 13,033 | Othe lo g-te m liabilities | 19,698 | 18,573 | 859,191 | 803,223 | P efe ed stock, pa value $0.0001; 10,000,000 sha es autho ized; ze o sha es issued o outsta di g | — | — | Commo stock, pa value $0.0001; 100,000,000 sha es autho ized; 49,681,525 a d 49,126,917 sha es issued; a d 42,031,838 a d 41,477,230 sha es outsta di g, espectively | 4 | 4 | Additio al paid-i capital | 714,347 | 739,829 | Accumulated othe comp ehe sive loss | (60 | ) | (59 | ) | Retai ed ea i gs | 1,249,564 | 1,184,645 | T easu y stock of 7,649,687 sha es at cost | (292,090 | ) | (292,090 | ) | 1,671,765 | 1,632,329 | $ | 2,530,956 | $ | 2,435,552 |
| Net i come | $ | 64,919 | $ | 68,800 | Dep eciatio a d amo tizatio expe se | 34,934 | 29,234 | Stock-based compe satio expe se | (7,392 | ) | 10,222 | Defe ed i come taxes | 29,425 | 49,472 | P ovisio fo c edit losses | 2,143 | 3,377 | Amo tizatio of fees o debt | 435 | 429 | No cash ope ati g lease expe se | 352 | 2,661 | Othe | 8,092 | (3,989 | ) | Cha ges i assets a d liabilities: | Accou ts eceivable | (191,894 | ) | (253,026 | ) | I ve to ies, p epaid expe ses, deposits a d othe cu e t a d lo g-te m assets | (18,356 | ) | (36,322 | ) | Accou ts payable | 27,881 | 15,716 | Acc ued liabilities | (28,566 | ) | (45,356 | ) | Acc ued compe satio a d be efits | (33,257 | ) | (30,882 | ) | Ope ati g lease liability | (899 | ) | (879 | ) | Defe ed eve ue a d othe liabilities | (12,604 | ) | (5,237 | ) | (124,787 | ) | (195,780 | ) | Pu chase of p ope ty a d equipme t | (4 | ) | (306 | ) | Capitalized softwa e developme t costs | (17,911 | ) | (13,713 | ) | Capitalized cu iculum developme t costs | (6,567 | ) | (7,677 | ) | Sale of othe i vestme ts | 35,110 | – | Othe acquisitio s, loa s a d i vestme ts, et of dist ibutio s | (886 | ) | (2,574 | ) | P oceeds f om the matu ity of ma ketable secu ities | 61,638 | 61,767 | Pu chases of ma ketable secu ities | (117,295 | ) | (62,220 | ) | (45,915 | ) | (24,723 | ) | Repayme ts o fi a ce lease obligatio s | (16,540 | ) | (11,961 | ) | Repu chase of est icted stock fo i come tax withholdi g | (19,509 | ) | (31,594 | ) | (36,049 | ) | (43,555 | ) | (206,751 | ) | (264,058 | ) | 754,501 | 782,497 | $ | 547,750 | $ | 518,439 |
To suppleme t ou fi a cial stateme ts p ese ted i acco da ce with GAAP, we have p ese ted adjusted ope ati g i come (loss), EBITDA, adjusted EBITDA, a d adjusted ea i gs pe sha e, which a e ot p ese ted i acco da ce with GAAP.
- Adjusted ope ati g i come (loss) is defi ed as i come (loss) f om ope atio s as adjusted fo amo tizatio of i ta gible assets, stock-based compe satio , a d othe o e-time cha ges o gai s.
- EBITDA is defi ed as i come (loss) f om ope atio s as adjusted fo dep eciatio a d amo tizatio .
- Adjusted EBITDA is defi ed as i come (loss) f om ope atio s as adjusted fo dep eciatio a d amo tizatio , stock-based compe satio , a d othe o e-time cha ges o gai s.
- Adjusted ea i gs pe sha e (adjusted EPS) is defi ed as et i come (loss) att ibutable to commo stockholde s as adjusted fo the amo tizatio of i ta gible assets, stock-based compe satio , a d othe o e-time cha ges o gai s et of tax impact divided by the diluted weighted ave age umbe of commo sha es outsta di g less the sha es expected to be eceived fo the capped call t a sactio elated to St ide’s co ve tible se io otes.
Adjusted ope ati g i come (loss), adjusted EBITDA, a d adjusted EPS exclude stock-based compe satio , which co sists of expe ses fo est icted stock, est icted stock u its, a d pe fo ma ce stock u its.
Ma ageme t believes that the p ese tatio of these o -GAAP fi a cial measu es p ovides useful i fo matio to i vesto s elati g to ou fi a cial pe fo ma ce. Adjusted ope ati g i come (loss), adjusted EBITDA a d adjusted EPS emove stock-based compe satio , which is a o -cash cha ge that va ies based o ma ket volatility a d the te ms a d co ditio s of the awa ds. EBITDA a d adjusted EBITDA emove dep eciatio a d amo tizatio , which ca va y depe di g upo accou ti g methods a d the book value of assets. Adjusted ope ati g i come (loss), adjusted EBITDA a d adjusted ea i gs pe sha e emove o e-time cha ges o gai s which a e ot elated to co e ope ati g activities a d a e ot i dicative of ou o goi g ope ati g pe fo ma ce. Additio ally, adjusted EPS i cludes the impact f om sha es expected to be eceived by the Compa y to offset pote tial dilutio f om the co ve tible se io otes. EBITDA a d adjusted EBITDA p ovide a measu e of co po ate pe fo ma ce exclusive of capital st uctu e a d the method by which assets we e acqui ed.
Ma ageme t uses these o -GAAP fi a cial measu es:
- as additio al measu es of ope ati g pe fo ma ce because they assist i compa i g the Compa y’s pe fo ma ce o a co siste t basis; a d
- i p ese tatio s to the membe s of the Compa y’s Boa d of Di ecto s to e able the Boa d to eview the same measu es used by ma ageme t to compa e the Compa y’s cu e t ope ati g esults with co espo di g p io pe iods.
Othe compa ies may defi e these o -GAAP fi a cial measu es diffe e tly a d, as a esult, these o -GAAP fi a cial measu es may ot be di ectly compa able to simila o -GAAP fi a cial measu es used by othe compa ies. Although these o -GAAP fi a cial measu es a e used to assess the pe fo ma ce of the busi ess, the use of o -GAAP fi a cial measu es is limited as they i clude a d/o do ot i clude ce tai items i cluded a d/o ot i cluded i the most di ectly compa able GAAP fi a cial measu e.
These o -GAAP fi a cial measu es should be co side ed i additio to, a d ot as a substitute fo , eve ues, i come (loss) f om ope atio s, et i come (loss) a d diluted et i come (loss) pe sha e o othe elated fi a cial i fo matio p epa ed i acco da ce with GAAP. Adjusted EBITDA is ot i te ded to be a measu e of liquidity. You a e cautio ed ot to place u due elia ce o these o -GAAP fi a cial measu es.
Reco ciliatio s of these o -GAAP fi a cial measu es to the most di ectly compa able GAAP fi a cial measu es a e p ovided below.
| I come f om ope atio s | $ | 84,268 | $ | 68,983 | Amo tizatio of i ta gible assets | 1,770 | 1,933 | Stock-based compe satio expe se | (7,392 | ) | 10,222 | Adjusted ope ati g i come | $ | 78,646 | $ | 81,138 |
| Net i come | $ | 64,919 | $ | 68,800 | I te est expe se, et | 2,906 | 3,075 | Othe i come, et | (1,477 | ) | (16,914 | ) | I come tax expe se | 17,840 | 14,423 | (I come) loss f om equity method i vestme ts | 80 | (401 | ) | Dep eciatio a d amo tizatio | 34,934 | 29,234 | EBITDA | 119,202 | 98,217 | Stock-based compe satio expe se | (7,392 | ) | 10,222 | Adjusted EBITDA | $ | 111,810 | $ | 108,439 |
| Net i come att ibutable to commo stockholde s | $ | 64,919 | $ | 68,800 | Amo tizatio of i ta gible assets | 1,770 | 1,933 | Stock-based compe satio expe se | (7,392 | ) | 10,222 | I come tax effect f om adjustme ts above | (2,038 | ) | (8,969 | ) | Adjusted et i come att ibutable to commo stockholde s | $ | 57,259 | $ | 71,986 | Sha e computatio : | Weighted ave age commo sha es — diluted | 44,828,092 | 49,222,851 | Effect of capped call t a sactio s | (2,958,006 | ) | (1,803,506 | ) | Adjusted weighted ave age commo sha es — diluted | 41,870,086 | 47,419,345 | Adjusted ea i gs pe sha e | $ | 1.37 | $ | 1.52 | Diluted et i come pe sha e | $ | 1.45 | $ | 1.40 | Amo tizatio of i ta gible assets | 0.04 | 0.04 | Stock-based compe satio expe se | (0.16 | ) | 0.20 | I come tax effect f om adjustme ts above | (0.05 | ) | (0.18 | ) | Effect of capped call t a sactio s | 0.09 | 0.06 | Adjusted ea i gs pe sha e | $ | 1.37 | $ | 1.52 |
| I come f om ope atio s | $ | 126.0 | $ | 134.5 | $ | 479.5 | $ | 503.5 | Amo tizatio of i ta gible assets | 1.5 | 2.0 | 5.5 | 7.5 | Stock-based compe satio expe se | 7.5 | 8.5 | 15.0 | 19.0 | Adjusted ope ati g i come | $ | 135.0 | $ | 145.0 | $ | 500.0 | $ | 530.0 |
