CFC Quarterly Financial Performance
NON-GAAP RECONCILIATION - 2017 ADJUSTED MEASURES
Some of the financial measures included in this presentation are not measures of financial performance recognized by GAAP. Our
management uses the non-GAAP financial measures set forth below in its analysis of our performance for 2017 to exclude the
impact of a deferred tax asset revaluation due to the enactment of the Tax Cuts and Jobs Act.
"Adjusted net income" is a non-GAAP measure defined as net income increased by the additional income tax expense that resulted from the
revaluation of deferred tax assets as a result of the reduction in the corporate income tax rate under the recently enacted Tax Cuts and Jobs
Act. The most directly comparable GAAP measure is net income.
(dollars in thousands)
Adjusted net income:
Net income
Plus: additional income tax expense
Adjusted net income
As of or for the Year Ended,
December 31, 2017
5,436
1,295
6,731
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