Adjustment Income

Adjustment Income

In insurance, income paid to the survivors of a household's primary earner until they are able to make necessary lifestyle modifications. For example, suppose a husband works full time and makes $100,000 per year while a wife works part time and makes only $25,000 per year. If the husband dies, his life insurance policy may provide adjustment income over and above the death benefit until the wife can recover emotionally, find a full-time job, and make other changes.
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Non-GAAP adjustment income tax adjustment includes provision for gain on deconsolidation of subsidiaries, net.
5 cents to 26 cents; the establishment of leave without pay for up to 6 months for adoption, child care, elder care, and illness in the immediate family; retention of an employee's prior wage rate for I year when the employee is demoted due to a permanent disability; elimination of the waiting periods for employees to become eligible for sickness disability pay, provided they had not been absent due to sickness for 12 consecutive months immediately preceding the absence; continuation of the employee adjustment income, termination pay, flexible reimbursement, and GTE savings plans; and the establishment of two joint labor-management committees, one to discuss ergonomic issues and the other, child care issues.
1 million of cost adjustment income associated with the layoff of approximately 60 salaried associates during the fourth quarter of 2008, $0.
The decrease in cost of sales primarily reflects lower sales volumes and lower non-raw material manufacturing costs resulting from successful cost reduction and efficiency improvement activities partially offset by higher polypropylene raw material costs and the absence of LIFO adjustment income.
In the second quarter of 2006, it reported non-cash stock compensation, amortization and depreciation of $455,000 along with derivative instrument income and translation adjustment income of $1,073,000.
Reconciliation of Non-GAAP Information The following details the tax equivalent adjustments in the above table: Three Months Ended June 30, 2005 2004 Interest Tax Adjusted Interest Tax Adjusted Income Adjustment Income Income Adjustment Income (Dollars in thousands) Loans $6,766 $33 $6,799 $5,724 $15 $5,739 Investments 2,023 99 2,122 1,910 129 2,039 Total $8,789 $132 $8,921 $7,634 $144 $7,778 Twelve Months Ended June 30, 2005 2004 Interest Tax Adjusted Interest Tax Adjusted Income Adjustment Income Income Adjustment Income (Dollars in thousands) Loans $25,046 $100 $25,146 $23,406 $61 $23,467 Investments 8,249 483 8,732 6,462 622 7,084 Total $33,295 $583 $33,878 $29,868 $683 $30,551 Reconciliation of Non-GAAP Information The following table details the adjustments made to pre-tax income.
The following details the tax equivalent adjustments in the above table: Three Months Ended September 30, 2005 2004 Interest Tax Adjusted Interest Tax Adjusted Income Adjustment Income Income Adjustment Income (Dollars in thousands) Loans $11,749 $52 $11,801 $8,139 $- $8,139 Investments 3,722 374 4,096 3,372 95 3,467 Total $15,471 $426 $15,897 $11,511 $95 $11,606
The following details the tax equivalent adjustments in the above table: Three Months Ended March 31, 2005 2004 Interest Tax Adjusted Interest Tax Adjusted Income Adjustment Income Income Adjustment Income (Dollars in thousands) Loans $6,378 $29 $6,407 $5,690 $15 $5,705 Investments 2,109 127 2,236 1,679 158 1,837 Total $8,487 $156 $8,643 $7,369 $173 $7,542 Nine Months Ended March 31, 2005 2004 Interest Tax Adjusted Interest Tax Adjusted Income Adjustment Income Income Adjustment Income (Dollars in thousands) Loans $18,280 $67 $18,347 $17,682 $45 $17,727 Investments 6,226 384 6,610 4,552 494 5,046 Total $24,506 $451 $24,957 $22,234 $539 $22,773
5 Income from Income Before Income Tax ContinuingNet Pro Forma Adjustment Income TaxesProvisionOperationsIncome (1)Acquisition and integration costs$28.
The following details the tax equivalent adjustments in the above table: Three Months Ended December 31, 2004 2003 Interest Tax Adjusted Interest Tax Adjusted Income Adjustment Income Income Adjustment Income (Dollars in thousands) Loans $6,051 $19 $6,070 $5,898 $16 $5,914 Investments 2,074 138 2,212 1,540 162 1,702 Total $8,125 $157 $8,282 $7,438 $178 $7,616 Six Months Ended December 31, 2004 2003 Interest Tax Adjusted Interest Tax Adjusted Income Adjustment Income Income Adjustment Income (Dollars in thousands) Loans $11,902 $38 $11,940 $11,992 $30 $12,022 Investments 4,114 257 4,371 2,873 335 3,208 Total $16,016 $295 $16,311 $14,865 $365 $15,230
7 $- Income Before Other Income Income Tax Pro Forma Adjustment Income Taxes Provision Net Income (1)Acquisition and integration costs $- $37.