CTS CORPORATION AND SUBSIDIARIES
OTHER SUPPLEMENTAL INFORMATION - UNAUDITED
Earnings Per Share
The following table reconciles GAAP diluted earnings per share to adjusted diluted earnings per share for the Company:
| Three Months Ended | Twelve Months Ended | ||||||||||||||
|
December
31, 2019 |
December
31, 2018 |
December
31, 2019 |
December
31, 2018 |
||||||||||||
| GAAP diluted earnings per share | $ | 0.31 | $ | 0.52 | $ | 1.09 | $ | 1.39 | |||||||
| Tax affected charges to reported diluted earnings per share: | |||||||||||||||
| Restructuring charges | 0.05 | 0.04 | 0.18 | 0.12 | |||||||||||
| Foreign currency (gain) loss | (0.03 | ) | — | 0.05 | 0.06 | ||||||||||
| Costs of tax improvement initiatives | — | — | — | 0.03 | |||||||||||
| Environmental charges | 0.05 | — | 0.05 | 0.02 | |||||||||||
| Non-cash pension expense | 0.01 | — | 0.02 | — | |||||||||||
| Legal settlement | (0.01 | ) | — | (0.01 | ) | — | |||||||||
| Decrease in foreign valuation allowances | — | (0.03 | ) | — | (0.03 | ) | |||||||||
| Transaction costs | — | — | 0.02 | — | |||||||||||
| Discrete tax items | (0.01 | ) | (0.10 | ) | 0.05 | (0.04 | ) | ||||||||
| Tax impact related to Tax Cuts and Job Acts | — | (0.02 | ) | — | (0.02 | ) | |||||||||
| Adjusted diluted earnings per share | $ | 0.37 | $ | 0.41 | $ | 1.45 | $ | 1.53 | |||||||
