UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549-1004

FORM 8-K

Current Report Pursuant to Section 13 or 15(d)of
the Securities Exchange Act of 1934

June 16, 2008

LA-Z-BOY INCORPORATED

(Exact name of registrant as specified in its charter)

MICHIGAN		1-9656		38-0751137
(State or other jurisdiction of		(Commission		(IRS Employer
incorporation)		File Number)		Indentification Number)

1284 North Telegraph Road, Monroe, Michigan		48162-3390
(Address of principal executive offices)		Zip Code

Registrant’s telephone number, including area code (734) 242-1444

None

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 2.02 Results of Operations and Financial Condition.

On June 16, 2008, La-Z-Boy Incorporated issued a press release to report the company’s financial results for the quarter and fiscal year ended April 26, 2008. A copy of the press release is attached to this current report on Form 8-K as Exhibit 99.1. Exhibit 99.2 contains unaudited financial data.

The information in this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d)

The following exhibits are furnished as part of this report:

				Page
		Description		#
99.1		Press Release Dated June 16, 2008		4
99.2		Unaudited financial schedules		8

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		LA-Z-BOY INCORPORATED   (Registrant)
Date: June 16, 2008
		BY: /S/ Margaret L. Mueller
		Margaret L. Mueller
		Corporate Controller

EXHIBIT 99.1

NEWS RELEASE

Contact: Kathy Liebmann		(734) 241-2438		kathy.liebmann@la-z-boy.com

LA-Z-BOY REPORTS FISCAL 2008 FOURTH-QUARTER AND FULL-YEAR RESULTS

MONROE, MI. June 16, 2008—La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal fourth quarter and full year ended April 26, 2008.

Net sales for the quarter were $368 million, down 9.8% compared with the prior year’s fourth quarter. The company reported a loss from continuing operations of $4.5 million, or a loss of $0.09 per share, compared with income from continuing operations of $8.4 million, or $0.16 per share, for the same period last year. The 2008 fourth quarter results include a $0.04 per share restructuring charge, primarily related to the pending closure of the company’s Tremonton, Utah upholstery facility, and a $0.07 per share charge associated with the make-whole provision on the company’s private placements, which were refinanced in February. Last year’s fourth quarter included a restructuring charge of $0.08 related to the closure of several of the company’s upholstery facilities and retail outlets and a $0.14 gain on the sale of properties.

For the full fiscal 2008 year, La-Z-Boy reported sales of $1.5 billion, down 10.5% compared with the prior year. The company reported a loss from continuing operations of $7.5 million, or a loss of $0.15 per share, compared with income from continuing operations of $19.8 million, or $0.38 per share, for fiscal 2007. The 2008 full-year results include income per share of $0.09 related to anti-dumping duties received on bedroom furniture imported from China, a restructuring charge of $0.10 relating to the closure of the company’s Lincolnton facility, retail outlet closures and the pending closure of the company’s Tremonton, Utah upholstery facility, a $0.10 per share charge for a write-down of goodwill and a $0.07 per share charge associated with the make-whole provision on the company’s private placements, which were refinanced in February.

For the full fiscal 2007 year, the company’s results included a $0.13 per share restructuring charge related to plant and retail outlet closures, income of $0.04 per share related to anti-dumping duties, and a $0.17 per share gain on the sale of properties. (See the attached schedule for more information on selected items included in our Consolidated Statement of Operations.)

Kurt L. Darrow, La-Z-Boy’s President and Chief Executive Officer, said: “In an operating environment that continues to be marked by challenges, fiscal 2008 was a transitional year for La-Z-Boy. We continued our momentum in making significant changes to our business model, including rationalizing our portfolio of operating companies, transitioning our La-Z-Boy branded manufacturing facilities to cellular production, closing several upholstery facilities, launching a new comprehensive marketing campaign, consolidating our retail warehouses and IT systems and strengthening our balance sheet by reducing our debt by 31%. We made

tough decisions during tough times, and are confident our business model has the strength and stability for us to remain an industry leader going forward.”

Upholstery

For the fiscal 2008 fourth quarter, sales in the company’s upholstery segment decreased 8.9% to $277.5 million compared with $304.7 million in the prior year’s fourth quarter; however, the segment’s operating margin increased to 8.3% from 6.0% in last year’s comparable quarter. Darrow stated, “The success of the conversion of our La-Z-Boy branded facilities to the cellular production process is clearly evident in our results. On lower volume, we improved our operating margin year over year and, with the implementation of cellular now substantially completed, we anticipate our performance going forward will improve. During the quarter, we announced plans to consolidate all cutting and sewing operations at our branded facilities, over a period of 18 to 24 months, and will move those operations to a new facility in Mexico. We also announced we would close our Tremonton, Utah facility this summer. The combined annual savings from these two initiatives are expected to be in excess of $25 million, with the full benefit beginning in fiscal 2011.”

For the fiscal 2008 fourth quarter, the La-Z-Boy Furniture Galleries^® store system, which includes both company-owned and independent-licensed stores, opened two new stores, relocated and/or remodeled two and closed three, bringing the total store count to 335, of which 216 are in the New Generation format. For fiscal 2009, the network plans to open 10 New Generation format La-Z-Boy Furniture Galleries^® stores (seven new and three will be store remodels or relocations) and will close six. In the first quarter of fiscal 2009, the network plans to open one store, relocate or remodel two and close two.

System-wide, for the first four months of calendar 2008, including company-owned and independent-licensed stores, same-store written sales, which the company tracks as an indicator of retail activity, were down 5.7%. Total written sales, which include new stores, were down 5.2%.

Casegoods

For the 2008 fourth quarter, casegoods sales were $48.8 million, down 24.3% from the prior year’s fourth quarter and, as a result, the segment’s quarterly operating margin decreased to 3.6%. Darrow commented, “With higher price points typically associated with casegoods collections, as compared to upholstery, our casegoods business continues to be impacted by the housing downturn, with consumers postponing purchases of larger sets of furniture for the dining room and bedroom. In the meantime, our team remains focused on new product development, with unique attributes, to appeal to a wider range of customers. Importantly, we continue to align our cost structure with the current level of business.”

Retail

For the quarter, retail sales were $48.9 million, down 10.2% compared with the prior-year period. The retail group posted an operating loss for the quarter, and its operating margin was (25.7%). Approximately 6.5% of the 10.2% sales decline was the result of exiting the Pittsburgh, Pennsylvania market, which was operating during last year’s fourth quarter. Darrow stated, “During the quarter, we completed the consolidations of both our warehouse and IT systems, eliminating the redundant costs associated with the multiple markets we acquired over the last several years. Following the consolidation of the warehouses, we were aggressive in reducing our inventory and lowered it by 15% on a 10% sales decline during the course of the quarter. We also closed three stores during the period, selling additional inventory at discounted levels, which negatively impacted our gross margin for the quarter. However, as a result of these moves, beginning in fiscal 2009, we are in-stock on our core assortment, which is improving our service position.”

Darrow continued, “Although we are realizing a significant reduction in costs as a result of the consolidation process, the benefit is negated by the decline in volume across our stores coupled with increased occupancy costs associated with additional New Generation format stores. While we cannot control the impact the economy is having on the home furnishings market, we are working to improve our close ratio and average ticket with every customer. Additionally, we continue to examine every cost component of our business while experimenting with various merchandising techniques in several stores as a means to drive top-line growth.”

During the fourth quarter, the company’s retail segment opened two new company-owned stores remodeled or relocated two and closed one. At the end of the fourth quarter, the company owned 70 stores, including 56 in the New Generation format, or 80% versus 70 company-owned stores last year at this time, of which 47, or 67%, were in the new format.

New Credit Facility

La-Z-Boy Incorporated entered into a new secured credit agreement in early February, giving it greater flexibility to operate its business. As part of the refinancing, the company’s private placement notes were paid off and the company took a charge of $6.0 million, or $0.07 per share, in the fourth quarter as a result of a make-whole provision with the company’s note holders.

Balance Sheet

During the year, La-Z-Boy reduced its debt by $47 million, of which $46 million was reduced in the fourth quarter. At the end of fiscal 2008, La-Z-Boy’s debt to capitalization ratio was 18.8% compared with 23.8% at the end of fiscal 2007. Net cash provided by operating activities was $49.2 million, primarily the result of a reduction in inventory and accounts receivable.

Business Outlook

Commenting on the company’s business outlook, Darrow said: “Overall macroeconomic factors continue to impact the home furnishings industry and we believe it will be some time before the environment improves. As we experienced in fiscal 2008, due to seasonality issues and the way in which our fiscal year rolls out (May through April), we anticipate the second half of our fiscal year to be stronger than the first half. We will continue to make changes to our business to positively impact both the top and bottom lines; however, we remain cautious in our outlook for the full fiscal 2009 year and anticipate a 3% to 7% decrease in sales compared with fiscal 2008 and earnings per share to be in the range of $0.15 to $0.25. Our guidance does not include restructuring charges, potential income from anti-dumping monies, or any further effect from discontinued operations or the write-down of intangible assets.”

Forward-looking Information

Any forward-looking statements contained in this news release are based on current information and assumptions and represent management’s best judgment at the present time. Actual results could differ materially from those anticipated or projected due to a number of factors. These factors include, but are not limited to: (a) changes in consumer confidence; (b) changes in demographics; (c) further changes in the housing market; (d) the impact of terrorism or war; (e) continued energy price changes; (f) the impact of logistics on imports; (g) the impact of interest rate changes; (h) changes in currency exchange rates; (i) competitive factors; (j) operating factors, such as supply, labor or distribution disruptions including changes in operating conditions or costs; (k) effects of restructuring actions; (l) changes in the domestic or international regulatory environment; (m) ability to implement global sourcing organization strategies; (n) fair value changes to our intangible assets due to actual results differing from projected; (o) the impact of adopting new accounting principles; (p) the impact from natural events such as hurricanes, earthquakes and tornadoes; (q) the ability to procure fabric rolls or cut

and sewn fabric sets domestically or abroad; (r) those matters discussed under “Risk Factors” in our most recent Annual Report of Form 10-K and subsequent Quarterly Reports on Form 10-Q and factors relating to acquisitions and other factors identified from time to time in our reports filed with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements, either to reflect new developments or for any other reason.

Additional Information

This news release is just one part of La-Z-Boy’s financial disclosures and should be read in conjunction with other information filed with the Securities and Exchange Commission, which is available at http://www.la-z-boy.com/about/investorRelations/sec_filings.aspx. Investors and others wishing to be notified of future La-Z-Boy news releases, SEC filings and quarterly investor conference calls may sign up at:

http://www.la-z-boy.com/about/investorRelations/IR_email_alerts.aspx.

Background Information

La-Z-Boy Incorporated is one of the world’s leading residential furniture producers, marketing furniture for every room of the home. The La-Z-Boy Upholstery Group companies are Bauhaus, England and La-Z-Boy. The La-Z-Boy Casegoods Group companies are American Drew/Lea, Hammary and Kincaid.

The corporation’s proprietary distribution network is dedicated exclusively to selling La-Z-Boy Incorporated products and brands, and includes 335 stand-alone La-Z-Boy Furniture Galleries^® stores, 57 La-Z-Boy In-Store Galleries and 333 Comfort Studios, in addition to in-store gallery programs at the company’s Kincaid, England and Lea operating units. According to industry trade publication In Furniture, the La-Z-Boy Furniture Galleries retail network is North America’s largest single-brand furniture retailer. Additional information is available at http://www.la-z-boy.com/.

EXHIBIT 99.2

LA-Z-BOY INCORPORATED
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

		Unaudited								Unaudited
		For the Quarter Ended								For the Year Ended
		4/26/2008				4/28/2007				4/26/2008				4/28/2007
(Amounts in thousands, except per share data)		(13 weeks)				(13 weeks)				(52 weeks)				(52 weeks)
Sales		$	368,030			$	408,078			$	1,450,941			$	1,621,460
Cost of sales
Cost of goods sold			260,777				296,053				1,051,656				1,189,734
Restructuring			2,610				3,771				5,057				3,371
Total cost of sales			263,387				299,824				1,056,713				1,193,105
Gross profit			104,643				108,254				394,228				428,355
Selling, general and administrative			102,192				92,955				399,470				388,738
Restructuring			632				2,542				3,078				7,662
Write-down of intangibles			2,617				—				8,426				—
Operating income (loss)			(798	)			12,757				(16,746	)			31,955
Interest expense			7,534				2,316				13,899				10,206
Income from Continued Dumping and Subsidy Act, net			—				—				7,147				3,430
Interest income			575				1,255				3,614				3,952
Other income (expense), net			691				173				5,393				727
Income (loss) from continuing operations before income taxes			(7,066	)			11,869				(14,491	)			29,858
Income tax (benefit) expense			(2,595	)			3,434				(6,954	)			10,090
Income (loss) from continuing operations			(4,471	)			8,435				(7,537	)			19,768
Income (loss) from discontinued operations (net of tax)			50				(724	)			(6,000	)			(15,629	)
Net income (loss)		$	(4,421	)		$	7,711			$	(13,537	)		$	4,139
Basic average shares			51,425				51,373				51,408				51,475
Basic income (loss) from continuing operations per share		$	(0.09	)		$	0.16			$	(0.15	)		$	0.38
Discontinued operations (net of tax)			—				(0.01	)			(0.11	)			(0.30	)
Basic net income (loss) per share		$	(0.09	)		$	0.15			$	(0.26	)		$	0.08
Diluted average shares			51,425				51,522				51,408				51,606
Diluted income (loss) from continuing operations per share		$	(0.09	)		$	0.16			$	(0.15	)		$	0.38
Discontinued operations (net of tax)			—				(0.01	)			(0.11	)			(0.30	)
Diluted net income (loss) per share		$	(0.09	)		$	0.15			$	(0.26	)		$	0.08
Dividends paid per share		$	0.04			$	0.12			$	0.40			$	0.48

LA-Z-BOY INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEET

		Unaudited As of
(Amounts in thousands, except par value)		4/26/2008				4/28/2007
Current assets
Cash and equivalents		$	14,982			$	51,721
Receivables, net of allowance of $17,942 in 2008 and $13,635 in 2007			200,422				230,399
Inventories, net			178,361				197,790
Deferred income taxes — current			12,398				17,283
Assets of discontinued operations			—				24,278
Other current assets			21,325				19,327
Total current assets			427,488				540,798
Property, plant and equipment, net			171,001				183,218
Deferred income taxes — long term			26,922				15,380
Goodwill			47,233				55,659
Trade names			9,006				9,472
Other long-term assets, net of allowance of $2,801 in 2008 and $1,942 in 2007			87,220				74,164
Total assets		$	768,870			$	878,691
Current liabilities
Current portion of long-term debt		$	4,792			$	38,076
Accounts payable			56,421				66,242
Liabilities of discontinued operations			—				3,843
Accrued expenses and other current liabilities			102,700				118,591
Total current liabilities			163,913				226,752
Long-term debt			99,578				113,172
Other long-term liabilities			54,783				53,419
Contingencies and commitments			—				—
Shareholders’ equity
Preferred shares — 5,000 authorized; none issued			—				—
Common shares, $1 par value — 150,000 authorized; 51,428 outstanding in 2008 and 51,377 outstanding in 2007			51,428				51,377
Capital in excess of par value			209,388				208,283
Retained earnings			190,215				223,896
Accumulated other comprehensive income (loss)			(435	)			1,792
Total shareholders’ equity			450,596				485,348
Total liabilities and shareholders’ equity		$	768,870			$	878,691

LA-Z-BOY INCORPORATED
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

		Unaudited Quarter Ended								Unaudited Year Ended
(Amounts in thousands)		4/26/2008				4/28/2007				4/26/2008				4/28/2007
Cash flows from operating activities
Net income (loss)		$	(4,421	)		$	7,711			$	(13,537	)		$	4,139
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities
Write-down of intangibles			2,617				—				8,426				—
Write-down of assets from businesses held for sale (net of tax)			—				1,262				2,159				14,936
(Gain) loss on sale of discontinued operations (net of tax)			(198	)			345				3,696				(935	)
Restructuring			3,242				6,313				8,135				11,033
Provision for doubtful accounts			2,177				899				8,550				3,790
Depreciation and amortization			6,190				7,082				24,696				27,204
Stock option, restricted and performance based stock expense			1,362				748				4,527				3,959
Change in receivables			11,715				(14,624	)			20,956				5,064
Change in inventories			5,574				18,795				23,471				4,486
Change in payables			(5,287	)			7,621				(10,394	)			(11,607	)
Change in other assets and liabilities			(6,768	)			3,018				(25,419	)			(12,446	)
Change in deferred taxes			(3,557	)			(7,354	)			(6,027	)			(16,390	)
Total adjustments			17,067				24,105				62,776				29,094
Net cash provided by operating activities			12,646				31,816				49,239				33,233
Cash flows from investing activities
Proceeds from disposals of assets			1,023				21,698				8,761				46,974
Proceeds from sale of discontinued operations			—				9,493				4,169				42,659
Capital expenditures			(6,548	)			(4,817	)			(27,386	)			(25,811	)
Purchases of investments			(5,485	)			(4,704	)			(34,562	)			(18,165	)
Proceeds from sales of investments			5,338				5,508				35,580				17,342
Change in other long-term assets			(2,791	)			(1,298	)			(705	)			(955	)
Net cash provided by (used for) investing activities			(8,463	)			25,880				(14,143	)			62,044
Cash flows from financing activities
Net changes in debt			(50,108	)			(16,728	)			(50,929	)			(36,696	)
Stock issued/(canceled) for stock and employee benefit plans			(140	)			7				(269	)			1,340
Repurchases of common stock			—				—				—				(6,947	)
Dividends paid			(2,076	)			(6,212	)			(20,746	)			(24,886	)
Net cash used for financing activities			(52,324	)			(22,933	)			(71,944	)			(67,189	)
Effect of exchange rate changes on cash and equivalents			(52	)			(526	)			109				(456	)
Change in cash and equivalents			(48,193	)			34,237				(36,739	)			27,632
Cash and equivalents at beginning of period			63,175				17,484				51,721				24,089
Cash and equivalents at end of period		$	14,982			$	51,721			$	14,982			$	51,721

LA-Z-BOY INCORPORATED
Segment Information

		Unaudited								Unaudited
		For the Quarter Ended								For the Year Ended
		4/26/2008				4/28/2007				4/26/2008				4/28/2007
(Amounts in thousands)		(13 weeks)				(13 weeks)				(52 weeks)				(52 weeks)
Sales
Upholstery Group		$	277,458			$	304,674			$	1,084,418			$	1,198,378
Casegoods Group			48,770				64,403				213,896				262,721
Retail Group			48,902				54,481				190,180				220,319
VIEs/Eliminations			(7,100	)			(15,480	)			(37,553	)			(59,958	)
Consolidated			368,030				408,078				1,450,941				1,621,460
Operating income (loss)
Upholstery Group			22,961				18,286				70,332				78,724
Casegoods Group			1,752				5,127				10,151				20,289
Retail Group			(12,565	)			(7,939	)			(40,265	)			(31,161	)
Corporate and Other*			(7,087	)			3,596				(40,403	)			(24,864	)
Restructuring			(3,242	)			(6,313	)			(8,135	)			(11,033	)
Intangible write-down			(2,617	)			—				(8,426	)			—
Consolidated		$	(798	)		$	12,757			$	(16,746	)		$	31,955

LA-Z-BOY INCORPORATED
Unaudited Quarterly Financial Data

(Dollar amounts in thousands, except per share data)		7/28/2007				10/27/2007				1/26/2008				4/26/2008
Fiscal Quarter Ended		(13 weeks)				(13 weeks)				(13 weeks)				(13 weeks)
Sales		$	344,396			$	365,434			$	373,081			$	368,030
Cost of sales
Cost of goods sold			259,143				266,658				265,078				260,777
Restructuring			2,561				518				(632	)			2,610
Total cost of sales			261,704				267,176				264,446				263,387
Gross profit			82,692				98,258				108,635				104,643
Selling, general and administrative			94,508				98,098				104,672				102,192
Restructuring			1,120				449				877				632
Write-down of intangibles			—				5,809				—				2,617
Operating income (loss)			(12,936	)			(6,098	)			3,086				(798	)
Interest expense			2,097				2,120				2,148				7,534
Income from Continued Dumping and Subsidy Offset Act, net			—				—				7,147				—
Interest income			882				1,023				1,134				575
Other income, net			566				351				3,785				691
Income (loss) from continuing operations before income taxes			(13,585	)			(6,844	)			13,004				(7,066	)
Income tax expense (benefit)			(5,043	)			(3,192	)			3,876				(2,595	)
Income (loss) from continuing operations			(8,542	)			(3,652	)			9,128				(4,471	)
Income (loss) from discontinued operations (net of tax)			(152	)			(6,282	)			384				50
Net income (loss)		$	(8,694	)		$	(9,934	)		$	9,512			$	(4,421	)
Diluted weighted average shares outstanding			51,380				51,410				51,590				51,425
Diluted income (loss) from continuing operations per share		$	(0.17	)		$	(0.07	)		$	0.18			$	(0.09	)
Diluted net income (loss) per share		$	(0.17	)		$	(0.19	)		$	0.18			$	(0.09	)

LA-Z-BOY INCORPORATED
Unaudited Quarterly Financial Data

(Dollar amounts in thousands, except per share data)		7/29/2006				10/28/2006				1/27/2007				4/28/2007
Fiscal Quarter Ended		(13 weeks)				(13 weeks)				(13 weeks)				(13 weeks)
Sales		$	393,923			$	414,614			$	404,845			$	408,078
Cost of sales
Cost of goods sold			296,008				306,351				291,322				296,053
Restructuring			—				(400	)			—				3,771
Total cost of sales			296,008				305,951				291,322				299,824
Gross profit			97,915				108,663				113,523				108,254
Selling, general and administrative			94,683				99,887				101,213				92,955
Restructuring			—				2,265				2,855				2,542
Operating income			3,232				6,511				9,455				12,757
Interest expense			2,526				2,614				2,750				2,316
Income from Continued Dumping and Subsidy Offset Act, net			—				—				3,430				—
Interest income			815				773				1,109				1,255
Other income (expense), net			(545	)			575				524				173
Pre-tax income			976				5,245				11,768				11,869
Income tax expense (benefit)			(116	)			1,949				4,823				3,434
Income from continuing operations			1,092				3,296				6,945				8,435
Income (loss) from discontinued operations (net of tax)			1,203				(1,342	)			(14,766	)			(724	)
Net income (loss)		$	2,295			$	1,954			$	(7,821	)		$	7,711
Diluted weighted average shares outstanding			51,971				51,639				51,609				51,522
Diluted income from continuing operations per share		$	0.02			$	0.06			$	0.13			$	0.16
Diluted net income (loss) per share		$	0.04			$	0.04			$	(0.15	)		$	0.15

LA-Z-BOY INCORPORATED
Selected Items Included in the Consolidated Statement of Operations

		Unaudited								Unaudited
		For the Quarter Ended								For the Year Ended
		4/26/2008				4/28/2007				4/26/2008				4/28/2007
(Amounts in millions)		(13 weeks)				(13 weeks)				(52 weeks)				(52 weeks)
Write-down of Intangible Assets (1)		$	2.7			$	—			$	8.4			$	—
Restructuring (2)			3.2				6.3				8.1				11.0
Make Whole on Private Placements (3)			6.0				—				6.0				—
(Gain)/Loss on Property Sales (4)			0.3				(11.5	)			0.3				(14.1	)
Litigation Settlement (5)			(2.6	)			—				(2.6	)			—
(Gain)/Loss on Sales of Investments (6)			(0.3	)			(0.2	)			(3.9	)			(0.7	)
Income from CDSOA (7)			—				—				(7.1	)			(3.4	)
Selected Items included in Income from Continuing Operations		$	9.3			$	(5.4	)		$	9.2			$	(7.2	)