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To: stockbug who wrote (9673)4/22/1999 5:17:00 PM
From: Rob-Chemist  Respond to of 13565
 
From the table associated with their earnings report, it would appear that Steven is correct. They appear to lump the asset sale in with their total revenues, and then back out the full 29M accounting charge after calculating net income.



To: stockbug who wrote (9673)4/22/1999 5:20:00 PM
From: quidditch  Read Replies (1) | Respond to of 13565
 
But the non-recurring loss of $29.1 million is recorded separately AFTER tax and AFTER income before accounting change. In other words, on the income statement, the two numbers were not netted, the $14.9 appears to be included in operating income.

Regards. Liacos_samui


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