Definition of Earnings

Discretionary Earnings	Dollars available for new owner's compensation, acquisition debt service, actual depreciation reserves and return on invested capital.
Adjusted EBIT	Earnings Before Interest, Taxes plus Depreciation and non recurring expenses less an Appropriate Owner/Manager salary (Discretionary Earnings less Appropriate Owner Salary)
EBIT-DA	Earnings Before Interest, Taxes, Depreciation and Amortization
EBIT-D	Earnings Before Interest, Taxes and Depreciation
EBIT	Earnings Before Interest and Taxes
Pre Tax Income	Income shown on the tax return before taxes
After Tax Income	Income available after taxes