|For the fiscal year ended April 30||2009||2008||Excluding FX||Including FX|
|earnings Per diluted Share|
|Return on Equity|
|Dividends Per Share|
|Class A Common||$0.52||$0.44||N/A||18%|
|Class B Common||$0.52||$0.44||N/A||18%|
The graph to the left provides an indicator of the cumulative total return to shareholders of the Company’s Class A Common Stock as compared with the cumulative total return on the Russell 1000, the Standard & Poors Midcap 400™, and the Dow Jones Publishing Index™ for the period from April 30, 2004, to April 30, 2009. The Company has elected to use the Russell 1000 Index and the Standard & Poors Midcap 400 Index as its broad equity market indices because it is currently included in those indices. Cumulative total return assumes $100 invested on April 30, 2004, and reinvestment of dividends throughout the period.
Note: The Company’s management evaluates operating performance excluding unusual and/or nonrecurring events. Management believes excluding such events provides a more effective and comparable measure of performance and a more balanced view of the underlying dynamics of the Company’s business. Since adjusted net income and adjusted earnings per share are not measures calculated in accordance with GAAP, they should not be considered as a substitute for other GAAP measures, including net income and earnings per share, as an indicator of operating performance.
Throughout this report, references to amounts “excluding foreign exchange” and “currency neutral” exclude both foreign currency translation effects and transactional gains and losses.
CAGR = Compound Annual Growth Rate
FX = Foreign Exchange
GAAP = U.S. Generally Accepted Accounting Principles