All non-GAAP measures other than EBITDA exclude, as applicable, share-based compensation, interest expenses related to the changes in the fair value of the interest rate swap and the amortization of the debt discount, the amortization of intangible assets, inventory provision, impairment of long-lived assets
, disposal gain from long- lived assets and land use rights held by Fine Silicon Co.
The accounting model for long-lived assets
to be disposed of by sale applies to all such assets, including discounted operations, and replaces the provisions of APB Opinion No.
Information needed for assessing carrying amounts of long-lived assets
is more complex than for current assets.
5 million permanent impairment of long-lived assets
following a FASB ASC 360 review.
For many years, companies and other entities accounted for the disposal or expected disposal of long-lived assets
that were a segment of a business using one set of rules and the disposal of long-lived assets
that were not a segment of a business using another standard.
Research studies by the Institute of Management Accountants (IMA) and the Financial Executives Institute (FEI) point out the diverse methods used to recognize, and report impairments of long-lived assets
Results for the six months ended June 30, 2009 include losses on sales of facilities of $8 million and an impairment of long-lived assets
of $13 million compared to gains on sales of facilities of $40 million and an impairment of long-lived assets
of $9 million in the first half of 2008.
The new statement establishes a single accounting model for long-lived assets
to be disposed of by sale.
Fourth quarter 2006 results include gains on investments of $103 million, gains on sales of facilities of $159 million, transaction costs related to the completed merger of $433 million and an impairment of long-lived assets
of $24 million.
With the long-term business trend toward a more balance-sheet oriented focus in accounting, FASB has fixed its attention on how entities account for obligations associated with the retirement of tangible long-lived assets
In conjunction with its review, Intier also assessed the recoverability of long- lived assets in the reporting segment and has determined that it is appropriate to reduce the carrying value of long-lived assets
121 had established accounting standards for the impairment of long-lived assets
to be held and used, including certain identifiable intangibles and goodwill related to those assets, and for long-lived assets
to be disposed of, including certain identifiable intangibles.