Press Ganey Holdings, Inc. (PGND) [Rocket]

In millions, except per share items	Dec-31-15	Dec-31-14	Dec-31-13
	10-K	10-K	10-K
Revenues	318.7	281.6	260.4
Revenue growth	13.2%	8.1%
Cost of goods sold	149.2	121.8	113.7
Gross profit	169.5	159.8	146.7
Gross margin	53.2%	56.7%	56.3%
Selling, general and administrative [+]	143.6	70.4	71.9
General and administrative	143.6	70.4	71.9
Other operating expenses	41.2	35.1	32.5
Adjusted EBITDA	112.6	97.4	84.6
Adjusted EBITDA margin	35.3%	34.6%	32.5%
Stock-based compensation	86.7	8.0	9.8
EBITDA [+]	25.9	89.4	74.8
EBITDA growth	-71.0%	19.5%
EBITDA margin	8.1%	31.7%	28.7%
Depreciation	24.6	19.1	17.2
EBITA	1.3	70.3	57.7
EBITA margin	0.4%	25.0%	22.1%
Amortization of intangibles	16.6	16.0	15.3
EBIT [+]	-15.3	54.3	42.4
EBIT growth	-128.2%	28.1%
EBIT margin	-4.8%	19.3%	16.3%
Non-recurring items [+]	0.3	1.7	2.9
Asset impairment			2.6
Loss (gain) on sale of assets	0.3	1.7	0.3
Interest expense	11.2	19.8	24.6
Interest expense	11.2	19.8	24.6
Other income (expense), net [+]	-2.3	-3.9	-8.8
Gain (loss) on debt retirement	-1.8	-2.9	-7.9
Pre-tax income	-29.1	28.8	6.0
Income taxes	7.5	13.2	5.9
Tax rate		45.9%	98.4%
Net income	-36.6	15.6	0.1
Net margin	-11.5%	5.5%	0.0%

Basic EPS [+]	($0.75)	$0.36	$0.00
Growth	-308.2%	15640.4%
Diluted EPS [+]	($0.75)	$0.36	$0.00
Growth	-308.2%	15640.4%

Shares outstanding (basic) [+]	48.9	43.3	43.3
Growth	12.9%	0.0%
Shares outstanding (diluted) [+]	48.9	43.3	43.3
Growth	12.9%	0.0%

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