Friday, May 09, 2008
Black Box Announces Filing of Form 10-Q/A For The Period Ending December 29, 2007
PITTSBURGH, PENNSYLVANIA, May 9, 2008 – Black Box Corporation (NASDAQ:BBOX) reported today that it has filed its Quarterly Report on Form 10-Q/A for the period ended December 29, 2007 (the “3Q08 Form 10-Q/A”) to amend its previously-issued Quarterly Report on Form 10-Q for the period ended December 29, 2007. As previously-disclosed on April 29, 2008, the 3Q08 Form 10-Q/A includes an amendment to the financial statements and related disclosures to reverse the effects of the overstatement of $4,687 of previously-recognized non-cash stock-based compensation expense relating to Black Box Corporation’s valuation methodologies for certain stock option transactions that occurred during the third quarter ("3Q08") of its fiscal year ended March 31, 2008.
With respect to the financial results for 3Q08, the reversal of the $4,687 pre-tax charge related to previously-recognized non-cash stock-based compensation expense had no impact on Revenues or Cash provided by operating activities, increased Operating income by $4,687, Net income by approximately $3,055 and Diluted earnings per share by approximately $0.17 and had an immaterial impact on Operating earnings per share.
About Black Box
Black Box is the world’s largest technical services company dedicated to designing, building and maintaining today's complicated data and voice infrastructure systems. Black Box services 175,000 clients in 141 countries with 188 offices throughout the world. To learn more, visit the Black Box Web site at http://www.blackbox.com.
Black Box® and the Double Diamond logo are registered trademarks of BB Technologies, Inc.
Chief Financial Officer
Black Box Corporation