discontinued operation

Discontinued Operations

Divisions within a business that have either stopped operations due to lack of profitability or have been sold. A business may discontinue operations of a division if it loses money for the business or if it wishes to expand in other directions, among other reasons. The Financial Accounting Standards Board requires publicly-traded companies to report earnings per share of all divisions in its business, including discontinued operations. See also: Cost accounting.

discontinued operation

A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations.
References in periodicals archive ?
Its primary effect is to tighten the requirements for treating the disposal of a component of a business as a discontinued operation.
Part of the new definition of discontinued operation is based on elements of the definition of discontinued operations in IFRS 5, Non-Current Assets Held for Sale and Discontinued Operations.
FAS #144 expanded the discontinued operation provisions so that more disposal situations would likely trigger the display of discontinued operations.
A company that does not report a discontinued operation but reports an extraordinary item or cumulative effect of an accounting change should report basic EPS for net income before extraordinary items or net income before accounting change and net income on the face of the income statement.
TecMo was treated as a discontinued operation in the first-quarter 2006 and the prior year financial statements are also reclassified accordingly.
million from discontinued operations, net income was $1.
M2 EQUITYBITES-April 14, 2014--FASB issues discontinued operations guidance
In 2002, the net loss included the negative charge of $1,048,000 for the marketable securities and $1,350,000 provision for loss on the four commercial properties, both items mentioned above, $315,000 for preferred share dividends, and $73,000 loss from discontinued operations of the technology segment.
In 1991, PerfectData bought a modem manufacturer, but discontinued operations in 1995 when it couldn't compete with rivals whose lower-priced products sported more advanced features.
41 per diluted earnings per share which includes income from discontinued operations net of minority interest of $14.
7 million in losses from discontinued operations, the net