This excerpt taken from the EYE 10-Q filed May 10, 2006.
, general and administrative. Selling, general and administrative expenses decreased as a percent of net sales by 3.5 percentage points to 40.0% in the three months ended March 31, 2006, compared with 43.5% in the same period last year. This decrease was largely driven by increased leverage from revenue growth and efficiency gains. Selling, general and administrative expenses for the three months ended March 31, 2006 include approximately $7.0 million in amortization expenses related to the acquired VISX intangible assets. In addition, selling, general and administrative expenses for the three months ended March 31, 2006 include a $2.3 million charge primarily associated with assets acquired in the termination of a distributor agreement in India and $3.5 million in stock-based compensation expense from the adoption of SFAS 123R.