Our reported net income on our US GAAP with $32.4 million or $0.50 cents per diluted share for the third quarter of 2016 as compared to the reported income of $19.8 million or $0.34 cents per diluted share for the third quarter of 2015. The third quarter 2016 adjusted net income was 36.7 million or $0.56 cents for --adjusted diluted share compared to adjusted net income of $22.7 million or $0.39 cents per adjusted diluted share in the third quarter of 2015. Our adjusted EBITDA increased 60.2% to $85.1 million for the third quarter of 2016 compared to $53.1 million for the third quarter of 2015. Third quarter 2016 adjusted EBITDA expressed as a percentage of net sales increased to 26.7% as compared to 24.9% in the same period in the prior year. Moving on to the balance sheet, we finished the third quarter with approximately $1.3 billion in net debt. Our net leverage was approximately 4.1 times the midpoint of our revised 2016 projected adjusted EBITDA and our current dividend rate is $1.68 per share per annum for approximately $111.6 million in the aggregate based on our current share count. With only a little more than two months to go in fiscal 2016 we have revised our prior guidance as follows. We now anticipate our net sales to be in the range of $1.3 billion to $1.4 billion. Our adjusted EBITDA to be in the range of $322 million to $328 million and our adjusted diluted earnings per share guidance which has been revised to reflect our projected profitability as well as the dilutive effect of the August 2016 issuance of 3.75 million shares of common stock at $2.11 to $2.17.
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After winning the 2011 election, Rajoy was forced to implement austerity policies as Spain endured a severe recession, unemployment soared to 27 percent and the country's banks needed a 41 billion euro ($45 billion) European bailout. Unlike in his first term, when his absolute majority meant he could afford to ignore the opposition, his conservative Popular Party now has only 137 seats in the 350-seat parliament and will depend on support from others. Rajoy sounded conciliatory in a speech to parliament กระเป๋า MANGO ราคาถูก this week, offering to work with opponents on กระเป๋าแบรนด์ ราคา issues like pension and education reform. "The exceptional circumstances demand that we put aside ideological confrontations and combine our efforts ... because we are dealing with an unheard-of situation," he said. But his political foes are skeptical he can change his style. Thousands of demonstrators are expected to march in protest against a new Rajoy government in Madrid on Saturday. The Socialists, the second largest force in parliament, have made clear that while they will allow Rajoy to form a government to end the political stalemate, they will fight Rajoy's policies and will not approve his budgets. That could mean the new government will be short-lived. Antonio Barroso, a senior analyst at risk consultancy Teneo Intelligence, said Rajoy will head a minority government with the weakest parliamentary support since democracy was restored in Spain after General Francisco Franco's death in 1975. "It is unlikely that the new government will last four years," he said in a note.
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