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extraordinary gain

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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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0 million and income before extraordinary gain was $23.
2 million asset impairment charge discussed above, last year's period included an extraordinary gain of $686,000, or $0.
During the fourth quarter of fiscal 2002, the Company recorded an extraordinary gain of $12.
 
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