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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.
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