($000s, except per share amounts) 2011 (4) 2010  (1) % Change Sales $  668,589 $  584,715 14.3% Adjusted EBITDA (2) 54,697  47,184 15.8% After-tax income before business acquisition, integration costs,  and other income or expenses (3) 27,555   21,536 27.9% Basic earnings per Common Share   1.82  1.34 36.3% Diluted earnings per Common Share   1.80   1.33 35.5% Net income for the period   18,180   19,985 –9.0% Basic earnings per Common Share   1.19  1.23 –3.7% Diluted earnings per Common Share  1.19   1.23 –3.7% Total assets   690,535   328,302 110.3% Book value per common share   10.71   9.72 10.1% Shareholders’ equity  161,527   147,311 9.7% Operating highlights  Product sales volumes (in metric tonnes (3) )  Produced in High Liner facilities  62,886 51,892  21.2% Procured  27,019 28,212  –4.2% 89,905 80,104  12.2% Number of employees   1,903   1,060 79.5% Gross capital expenditures ($000s)   7,795   5,288 47.4% (1) Includes the operating results from the Viking Acquisition from December 13, 2010 to the end of the fiscal year. (2) earnings before interest, taxes, depreciation and amortization, business acquisition, integration costs, and other income or expenses (pre-2010 includes non-operating  expenses) as disclosed on the consolidated statements of income.  (3) one metric tonne = 2,204.6 lbs.  (4) Includes the operating results from the Icelandic uSA Acquisition from December 19, 2011 to the end of the fiscal year. 120 HIGH lIneR FooDS InCoRpoRAteD FINANCIAl HIgHlIgHTS