SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: bruwin who wrote (4143)3/28/2016 11:58:27 AM
From: The Ox  Read Replies (1) | Respond to of 7259
 
For the quarter and year ended January 2, 2016, in addition to the results of discontinued operations, the Company recognized other expenses related primarily to business acquisitions, severance and asset disposal charges, expansion and start-up costs related to our east coast aseptic and premium juice facilities, inventory reserves and low margin sales to reduce inventory exposures on certain organic raw materials, downtime and other costs associated equipment failure, demurrage, detention and other related expenses in connection with trans-loading capacity constraints on imported and exported product, and ongoing litigation costs. Also for the quarter and year ended January 2, 2016, the Company recognized gains related to the benefit of previously unrecognized tax benefits and the reversal of stock-based compensation expense. We do not believe these charges and gains are reflective of normal business operations. These charges and gains have been excluded to arrive at Adjusted Earnings and Adjusted Earnings per diluted share.