ANAREN INC (ANEN) [Rocket]

In millions, except per share items	Jun-30-13	Jun-30-12	Jun-30-11	Jun-30-10	Jun-30-09
	10-K	10-K	10-K	10-K	10-K
Revenues:
United States	106.8	97.4	119.3	124.6
Asia Pacific	36.4	35.3	46.1	31.0
Europe	15.1	14.5	13.4	8.9
Other Geographic Region	0.0	0.1	0.3	4.3
Total revenues	158.4	147.3	179.2	168.8	166.9
Revenue growth [+]	7.5%	-17.8%	6.2%	1.1%
United States	9.7%	-18.4%	-4.2%
Asia Pacific	3.1%	-23.3%	48.7%
Europe	4.3%	7.8%	50.8%
Other Geographic Region	-66.9%	-55.0%	-92.3%
Cost of goods sold	99.6	95.9	111.3	106.5	112.3
Gross profit	58.8	51.4	67.9	62.3	54.6
Gross margin	37.1%	34.9%	37.9%	36.9%	32.7%
Selling, general and administrative [+]	27.1	27.9	29.9	28.7	27.6
Sales and marketing	9.5	10.3	10.6	9.7	9.0
General and administrative	17.5	17.5	19.3	19.0	18.6
Research and development	13.6	13.2	16.8	14.8	13.0
EBITDA [+]	26.9	20.5	31.5	29.0	23.9
EBITDA growth	31.3%	-35.0%	8.8%	21.5%
EBITDA margin	17.0%	13.9%	17.6%	17.2%	14.3%
Depreciation	7.9	9.0	9.1	9.0	8.4
EBITA	19.0	11.5	22.4	20.0	15.5
EBITA margin	12.0%	7.8%	12.5%	11.8%	9.3%
Amortization of intangibles	0.9	1.2	1.2	1.2	1.4
EBIT [+]	18.1	10.3	21.3	18.8	14.0
EBIT growth	75.6%	-51.4%	13.1%	33.9%
EBIT margin	11.5%	7.0%	11.9%	11.1%	8.4%
Interest expense, net [+]	-0.4	-0.5	-0.7	0.2	1.5
Interest expense	0.1	0.2	0.5	0.6	1.5
Interest income	0.5	0.7	1.2	0.4
Other income (expense), net					1.1
Pre-tax income	18.5	10.8	21.9	18.6	13.6
Income taxes	3.5	2.2	5.5	4.9	3.8
Tax rate	18.6%	20.3%	25.2%	26.1%	27.7%
Net income	15.1	8.6	16.4	13.7	9.9
Net margin	9.5%	5.8%	9.2%	8.1%	5.9%

Basic EPS [+]	$1.19	$0.61	$1.17	$0.98	$0.71
Growth	93.6%	-47.7%	19.8%	38.1%
Diluted EPS [+]	$1.13	$0.59	$1.11	$0.94	$0.70
Growth	93.5%	-47.3%	17.9%	35.7%

Shares outstanding (basic) [+]	12.7	14.1	14.0	14.0	13.9
Growth	-9.7%	0.4%	-0.2%	0.7%
Shares outstanding (diluted) [+]	13.3	14.7	14.7	14.5	14.2
Growth	-9.7%	-0.3%	1.4%	2.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.