Cash Charge

Cash Charge

A one-off expense that a company pays, especially when it is attempting to improve its efficiency. For example, if a company wishes to find less expensive employees, it may offer retirement plans to its current employees and take the expense as a cash charge. Cash charges are almost never repeated. A cash charge is reported on a balance sheet as an extraordinary item.
References in periodicals archive ?
Three Months Ended Six Months Ended March 31, March 31, 2004 2003 2004 2003 Net earnings, as reported $40,585 37,855 42,326 73,871 Non-cash charge related to conversion to one class of common stock, net of income taxes 5,265 -- 46,325 -- Net earnings excluding non- cash charge $45,850 37,855 88,651 73,871 Basic net earnings per share, as reported $.
This additional non- cash charge of $2,078,000 for ICT-Europe increased the quarter's loss by $0.
1 million after tax) in the first quarter of fiscal 2004, and expects to recognize additional pre-tax non- cash charges of $11.
As discussed below, these estimates are not yet final and neither the estimates nor outlook reflect any adjustment for any non-operating cash charges which may be required in connection with the resolution of stock option-related tax matters, litigation, and regulatory matters, the amount and timing of which are uncertain but which are likely to be material.
Earnings before non- cash charges for the first half of 1994 were $2,978,000 ($.