Every indexed document

consummate or obtain favorable terms on acquisitions of businesses or

performance or achievements expressed or implied by those statements

performance or achievements to be materially

which involve risks and uncertainties. You can

see our consolidated financial statements and the notes to those statements

limiting their usefulness as a comparative measure; and

including other companies in our industry

and we are likely to incur significant integration costs in future

and our non-GAAP measures do not reflect cash

or the cash requirements necessary to service

or as a substitute for analysis of our results as reported under GAAP.

Adjusted EBITDA and Adjusted EBITDAR have limitations as analytical tools

in evaluating Adjusted EBITDA and Adjusted EBITDAR

you are encouraged to evaluate each adjustment and whether you consider it

tax positions (such as the impact on periods or companies

as adjusted for items we did not consider representative of post-acquisition operations.

we evaluated the KinderCare acquisition and our 2003

though subject to certain different adjustments

many of which present EBITDA and/or Adjusted EBITDA and/or Adjusted EBITDAR

investors and other interested parties in the