extraordinary gain

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Extraordinary Gain

Non-recurring, non-operating profit in a given fiscal year. Publicly-traded companies must include extraordinary gains (and extraordinary losses) on their annual and quarterly reports; they are usually explained separately so as not to detract from the companies' usual gains and losses. One of the most common extraordinary gains a company may report is the sale of a subsidiary or stake in another company for an amount greater than the asset value carried on the company's balance sheet.

extraordinary gain

Income from an unusual, infrequently occurring event or transaction. For example, a firm might sell a subsidiary at a price significantly higher than the value at which that subsidiary's assets are carried on the firm's balance sheet. An extraordinary gain is reported separately from regular income to emphasize the fact that it is nonrecurring.
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The net income for the three months ended June 30, 2000 and 1999 included extraordinary gains of $126,000 ($.
5) To allow relief for economic loss, loss disallowance does not apply to stock of a subsidiary to the extent the loss exceeds a share's allocable part of the sum of (1) the aggregate earnings and profits resulting in positive investment adjustments and distributions from current earnings and profits (determined without regard to extraordinary gain dispositions described below) for all consolidated return years, (2) earnings and profits from certain extraordinary gains after November 18, 1990, net of directly related expenses, for all consolidated return years, and (3) the amount of duplicated loss (Prop.
As a result, Hitachi will post extraordinary gains of approximately 27.
The extraordinary gains for both periods were realized as a result of DVL's satisfaction of indebtedness at a discount.
Hence, extraordinary gains should be automatically taken into account as part of aggregate positive investment adjustments, with aggregate adjustments being net of all losses (including extraordinary losses).
The extraordinary gains for both years arose from gains realized upon DVL's satisfaction of indebtedness at a discount.
Since the implementation of the Company's debt reduction initiatives in late 1998, Coeur has reduced its long-term convertible debt by over $100 million and in so doing has generated extraordinary gains of approximately $41 million.
The increased net income for the nine months ended September 30, 1999 was primarily the result of gains on satisfaction of mortgage loans in 1999, as well as larger extraordinary gains on the settlements of indebtedness in 1999 as compared to the corresponding 1998 period.
Howard noted that extraordinary gains or losses have been included in the company's earnings per share calculations for over a decade.
The increased net income for both periods was primarily the result of gains on satisfaction of mortgage loans in 1999, as well as larger extraordinary gains on the settlements of indebtedness in 1999 as compared to the corresponding 1998 period.
The extraordinary gains in both periods arose from gains realized upon DVL's purchase at a discount of redeemable outstanding promissory notes.
We used our extraordinary gains to invest in infrastructure to support our growth strategy in 1997 and beyond," Mr.

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