use tax rate of 37.5

Barron Pizza, Inc. Abbreviated Income Statements for the Years Ending 2012-2014 ($ in thousands, except earnings per share) Year Ending Year Ending Year Ending Account 2014 2013 2012 Revenue $ 917,399 $ 946,298 Cost of goods sold $ -669,337 $ -656,197 Gross profit 169,350 $ 315,034 Selling, general, and administrative expenses $ -70,567 - 192,966 Research and development -5,428 $ -7,127 $ -3,459 Depreciation $ -34,446 $ -35,654 Operating income 60,553 $ 81,472 Other income $ 646 $ 1,746 EBIT $ 82,492 $ 84,701 Interest expense -6,812 $ -8,836 Income before tax 74,847 $ 75,865 A $ $ $ $ Print Done Account 2013 2012 2014 917,399 $ 946,298 -669,337 $ $ $ $ Revenue $ Cost of goods sold Gross profit Selling, general, and administrative expenses S Research and development Depreciation Operating income $ 169,350 -70,567 -5,428 $ $ -656,197 315,034 - 192,966 -3,459 -35,654 -7,127 $ -34,446 $ 60,553 $ 81,472 $ $ Other income 646 $ 1,746 $ 82,492 $ EBIT Interest expense $ -6,812 $ 84,701 -8,836 75,865 Income before tax $ Taxes -20,395 $ 74,847 $ -28,068 46,779 $ $ Net income Shares outstanding Earnings per share 47,416 16,747,000 16,747,000 2.03 $ $ 2.79 Print Done Tor Barron Piz Year Ending Year Ending Account Year Ending 2013 2014 2012 Revenue $ 917,399 $ 0 946,298 $ -669,337 $ $ -656,197 $ $ Cost of goods sold $ Gross profit $ Selling, general, and administrative expenses $ Research and development $ Depreciation Operating income Other income $ 169,350 $ -70,567 $ -5,428 $ 315,034 -192,966 -3,459 -35,654 $ $ $ -7,127 $ -34,446 $ 81,472 $ 60,553 $ 646 $ $ 1,746 EBIT $ $ 82,492 $ Interest expense $ -6,812 $ 84,701 -8,836 75,865 Income before tax $ Taxes $ $ $ -20,395 $ 74,847 $ -28,068 $ 46,779 $ Net income $ 47,416 16,747,000 Shares outstanding Earnings per share 16,747,000 $ 2.03 $ 2.79 $