and the Securities & Exchange Commission, most member banks have reported a nonrecurring
expense associated with the litigation liability during the fourth quarter of 2007," said J.
Ion chromatography sales declined slightly but, excluding the nonrecurring
sales in Japan recorded last year, grew in low double digits.
60 cents per share, before nonrecurring
charges, a favorable income tax settlement and a provision related to potential obligations for discontinued operations.
In performing this analysis, there are many pro forma adjustments that a valuation analyst will make to eliminate both nonrecurring
revenue items, as well as unnecessary expense items.
During the third quarter, Shaw recorded a nonrecurring
charge of $35.
However, the Tax Court said, the nonrecurring
nature of the item did not affect the section 404 limits, as the IRS had argued.
The city's financial position has weakened over the years, marked by a continued reliance on nonrecurring
revenues for operations and reduced financial flexibility.
Contractual severance pay to the former Chief Executive Officer and the operating expenses related to improving operational performance and restructuring the Company's finances, along with other special charges and income reported separately in the Company's financial statements, will be reported as nonrecurring
items in this and future press releases.
Mohawk continued its string of record-breaking quarters with net earnings before nonrecurring
charges for the quarter ended Dec.
Fourth-quarter operating earnings before nonrecurring
charges were $105.
The Bank recorded a net loss of ($1,068,300) for the nine months ended September 30, 2006 (($938,500) before a nonrecurring
loss on the sale of investment securities in the second quarter), compared to a net loss of ($1,282,600) for the nine months ended September 30, 2005 for a 17% improvement (27% before that nonrecurring
After tax income, exclusive of nonrecurring
items, increased to $895,000 or $.