5 million before nonrecurring charges
in the third quarter, compared with $71.
Fourth-quarter operating earnings before nonrecurring charges
Shaw also recorded a nonrecurring charge
The Commission lowered the one-time nonrecurring charge
from $111 to $0.
During the second quarter of 2000, the Company recorded a nonrecurring charge
of $6,600,000 ($3,967,000, net of tax benefit, or $.
The 1998 period included nonrecurring charges
Pro forma net income per diluted share for fiscal 2001, a 53-week year ended January 6, 2002, that also excludes a nonrecurring charge
related to the amendment of a supply contract, was $0.
Net income rose 12% to $6,650,000, excluding the nonrecurring charge
, compared to $5,921,000 in the third quarter of 1998.
The decline was due to the nonrecurring charge
of approximately $3 million related to the segment's management reorganization, as well as additional marketing expenses associated with the new product introductions.
The successive comparative quarter-to-quarter increases exclude the effect of the nonrecurring charge
which the Company recorded in the first quarter of the current fiscal year.
Nasdaq: SFDS) today reported record fiscal 1998 first quarter earnings, excluding a nonrecurring charge
These actions are expected to yield an annual saving of 500 million SEK and will entail nonrecurring charges
of about 400 million SEK in the fourth quarter.