in thousands, except per share metrics) Quarter Ended Quarter Ended June 30, 2013 June 30, 2012 Net (loss) / earnings from continuing operations ($103,491) $6,640 Adjustments: Impairment charges 98,688 -
Net realizable value adjustments on inventory 12,245 - Foreign exchange loss on translation of tax basis recorded in deferred income tax expense 11,852 5,688 Unrealized foreign exchange gain (8,741) (4,813) Gain on option component of convertible notes (4,106) (9,618) Unrealized gain on derivatives 123 (896) Unrealized loss on contingent consideration 4,060 - Other (4,508) 2,078 Adjusted net earnings from continuing operations $6,122 ($921) Adjusted net earnings from continuing operations, per share $0.
Thus the reorganization value represents an economic value; it is the present value of the aftertax future cash flows expected to be generated by the assets making up the reconstituted entity that emerges and the
net realizable value of those assets that will be disposed of.
The Toronto facility will be written down to
net realizable value as part of the closing and this will be included in the Company's fourth quarter financial results for 2005.
7 million, ii) a decrease in the estimated
net realizable value of the Partnership's mortgage servicing rights of approximately $3.
30, the company assesses the segment's
net realizable value and records a write-down of the related nonmonetary assets as part of an estimated loss on disposal.
This transaction is expected to be completed in the first quarter of 2006 and is expected to result in a
net realizable value charge in the fourth quarter 2005 of approximately $31.
The loss for 1997 includes a one time charge of $422,123 to writedown the small bore, cast cobalt Petrovalve inventory to its
net realizable value.
The allowance for loan losses represents the quantification of management's assertion the loan portfolio is valued at its
net realizable value in accordance with generally accepted accounting principles.
8 million impairment charge to write-down to
net realizable value the carrying value of certain assets used in the Company's steel stamping business.
K-tel said the fourth quarter loss was primarily due to under-performance of its North American consumer convenience product division resulting in some inventory writedowns to
net realizable value.
The Company also expects to record during the fourth quarter approximately $23-28 million in pretax charges for the closing of 40-45 underperforming Wendy's restaurants that were negatively impacting profits and returns, and to reflect the
net realizable value of a market held for disposition.
Previously, accounting standards required companies to carry inventories at the lower of cost or
net realizable value.
