Adjusted Earnings per share reconciliation The reconciliation from net income to Adjusted Earnings and Adjusted Earnings per share, a nonGAAP measure, for the periods presented is as follows (in thousands): TTM Q2'15 2014 Net income (loss) $182,737 $178,043 After-Tax: EBITDA Adjustments(a) Employee share-based compensation expense(b) Acquisition and integration related expenses(c) Restructuring and conversion costs(d) Debt amendment and extinguishment costs(e) Equity issuance and related offering costs(f) Other Total EBITDA Adjustments Amortization of intangible assets(a)(g) Acquisition related benefit for a net operating loss carry-forward(h) Adjusted Earnings Adjusted Earnings per share(i) Weighted-average shares outstanding - diluted 15,391 (263) 16,297 2,678 677 34,780 23,718 $241,235 $2.43 99,274 14,175 366 21,357 2,678 7,137 45,713 23,865 $247,621 $2.44 101,651 2013 (unaudited) $181,857 11,109 10,919 19,011 4,916 6,926 52,881 24,067 $258,805 $2.44 106,003 2012 2011 2010 $151,918 $170,382 ($56,862) 13,161 11,106 3,792 10,274 4,262 7,384 49,979 24,397 (1,265) $225,029 $2.03 111,060 11,472 (2,354) 13,606 1,272 156 24,152 24,051 $218,585 $1.95 112,119 8,400 7,638 13,877 23,477 149,568 91 203,051 26,531 $172,720 $1.71 100,933 (a) Generally, EBITDA Adjustments and amortization of intangible assets have been tax effected using a federal rate of 35.0% and the applicable effective state rate which was 3.30%, net of the federal tax benefit, for the periods presented, except as noted below. (b) Represents share-based compensation expense for equity awards granted to employees, officers and directors. Such awards are measured based on the grant date fair value and recognized over the requisite service period of the individual awards, which generally equals the vesting period. (c) Represents acquisition and integration costs resulting from various acquisitions, including changes in the estimated fair value of future payments, or contingent consideration, required to be made to former shareholders of certain acquired entities. (d) Represents organizational restructuring charges, conversion and other related costs incurred resulting from the expansion of the Company’s Service Value Commitment, the 2011 consolidation of UVEST Financial Services Group, Inc. and the 2009 consolidation of Mutual Service Corporation, Associated Financial Group, Inc., Associated Planners Investment Advisory, Inc. and Waterstone Financial Group. (e) Represents expenses incurred resulting from the early extinguishment, amending, restating, and repayment of amounts outstanding under the Company’s credit agreement. (f) Represents equity issuance and offering costs for the Company’s IPO, which was completed in the fourth quarter of 2010. (g) Represents amortization of intangible assets as a result of the Company’s purchase accounting adjustments from the Company’s merger transaction in 2005 and various acquisitions. (h) Represents the expected tax benefit available to the Company from the accumulated net operating losses of the Concord Trust and Wealth division of LPL Financial LLC that arose prior to the Company’s acquisition of Concord Capital Partners; such benefits were recorded in the third quarter of 2012. LPL Financial Member FINRA/SIPC (i) Represents adjusted Earnings, a non-GAAP measure, divided by weighted-average number of shares outstanding on a fully diluted basis. 34 .