Alliant Energy estimates the non-cash after-tax charge related to including the cumulative foreign currency translation loss in its impairment evaluation
will be approximately US$61 million (or $0.
The goodwill impairment loss is attributable to a significant decline in the Company's market capitalization during the fourth quarter of 2008 and uncertainty regarding the automotive industry, which resulted in a reduction in the future cash flow projections and comparable company multiples used in the annual goodwill impairment evaluation
of the Sandy as compared to the prior year.
Calgon Carbon is conducting an impairment evaluation
of the Blue Lake facility, which can be brought on line as future demand warrants.
These forward-looking statements include, among others, our expectations regarding our loan loss provision, ORE liquidation costs, charge-offs, and credit impact for the fourth quarter of 2008; the assumptions underlying our expectations; and any additional impact to our fourth quarter earnings resulting from our further assessment of goodwill impairment evaluation
During the three months ended June 30, 2008, Synovus conducted its annual goodwill impairment evaluation
For its fiscal year ended June 30, 2008, the Company conducted its annual impairment evaluation
using a discounted cash-flow analysis to compare the fair market value of its single reporting unit to its carrying value.
3) Relates to the write-down of the carrying value of the Company's goodwill and stock listing rights to reflect the results of the Company's impairment evaluation
under SFAS No.
3Com's recent stock price decline triggered an impairment evaluation
required by applicable accounting regulations.
While the long-lived asset and goodwill impairment evaluation
will be completed in connection with the finalization of year-end results, the Company expects that non-cash impairment charges will be incurred.
In connection with the Company's impairment evaluation
of intangible assets, which was completed in the fourth quarter, the Company recorded an impairment charge of $149.
Until we complete the impairment evaluation
process, we cannot report our GAAP loss for the fourth quarter or for the year-ended December 31, 2007.
OB) today announced that based upon a third party goodwill impairment evaluation
conducted in connection with the fiscal 2003 audit, the Company recorded a $5,367,000 charge to fiscal 2003 earnings to reflect the impairment of goodwill associated with the Textile division.