APB Opinion 26, Early Extinguishment
of Debt (1972), stated that the criteria in APB 9 should be used to determine whether any difference between the net carrying value of the extinguished debt and the reacquisition price should be classified as extraordinary.
Recognizing the early extinguishment
of debt in the wrong period can be the result of following the wrong authoritative literature.
The Partnership's earnings before interest expense, income taxes, depreciation and amortization, losses on the early extinguishment
of debt and the gain on the terminal sale (adjusted EBITDA) were $255.
41 in the prior year period, excluding the debt extinguishment
charge and the impact of FAS 123R.
Formerly, debt extinguishment
transactions required prominent reporting as separate line items, but this is no longer the case.
The case is a landmark judgment in Australia in terms of the valuation of compensation for the extinguishment
of native title.
13 per diluted share for fourth quarter 2014 that was negatively impacted by a charge for early extinguishment
As a result of the amendment, Fly anticipates recognizing a gain on debt extinguishment
of more than USD 20m in the fourth quarter of 2013.
47 per share, which, as discussed below, reflects a one-time debt extinguishment
expense of $26.
The First Circuit recently held that a Tax Court decision disallowing a couple's deduction for a qualified conservation contribution of a facade easement was an unreasonable and overly restrictive interpretation of the extinguishment
provision of Regs.
The results for the second quarter and the first six months of 2012 included a charge for the loss on the early extinguishment
of debt of $19.
immediately releases a fine mist of water downstream, extinguishing sparks and embers without inter rupting production and greatly reduces risk of personnel injury, equipment damage and downtime.