content_image/258192.jpg content_image/258193.jpg
## MANAGEMENT’S DISCUSSION & ANALYSIS (CONT’D) 

## Adjusted EBITDA decreased by $6.4 million in 2013: 

<img src='content_image/258192.jpg'>

*  2009 has been converted to USD by taking the previously reported Canadian dollar amounts and converting it at the annual average exchange rate for that year. This year is in accordance with Canadian GAAP (not restated). 

** Restated as explained under the heading “Presentation Currency” in the Introduction section of this MD&A. 

• The American Pride Acquisition added $1.5 million to Adjusted EBITDA in 2013. 

## Adjusted Net Income and Adjusted Diluted EPS increased by $3.2 million and $0.19, respectively, in 2013: 

<img src='content_image/258193.jpg'>

*  2009 has been converted to USD by taking the previously reported Canadian dollar amounts and converting it at the annual average exchange rate for that year. This year is in accordance with Canadian GAAP (not restated). 

** Restated as explained under the heading “Presentation Currency” in the Introduction section of this MD&A. 

