CBZ » Topics » Reclassifications

These excerpts taken from the CBZ 10-K filed Mar 16, 2009.
Reclassifications
 
Certain amounts in the 2007 and 2006 consolidated financial statements and disclosures have been reclassified to conform to the current year presentation, including the impact of discontinued operations.


F-8


Table of Contents

 
CBIZ, INC. AND SUBSIDIARES
 
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Reclassifications


 



Certain amounts in the 2007 and 2006 consolidated financial
statements and disclosures have been reclassified to conform to
the current year presentation, including the impact of
discontinued operations.





F-8





Table of Contents





 




CBIZ,
INC. AND SUBSIDIARES




 




NOTES TO
THE CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 




These excerpts taken from the CBZ 10-K filed Mar 17, 2008.
Reclassifications
 
Certain amounts in the 2006 and 2005 consolidated financial statements have been reclassified to conform to the current year presentation. Prior period financial statements and disclosures have been reclassified to reflect discontinued operations in accordance with SFAS 144 “Accounting for the Impairment or Disposal of Long Lived Assets”.
 
Additionally there were other reclassifications made which did not impact CBIZ’s reported income from continuing operations. These reclassifications include, but may not be limited to the presentation of depreciation and amortization expense and certain shipping and handling revenues. Historically, the Company presented depreciation and amortization expense as a separate line item on the consolidated statements of operations. These amounts have now been reclassified to operating expenses and corporate general and administrative expense, and the separate line item “depreciation and amortization expense” is no longer presented. The Company also reclassified certain shipping and handling revenues in the payroll business. These revenues were historically netted against the related shipping expense; however, they are now presented gross, increasing both revenue and operating expenses equally.
 
Reclassifications


 



Certain amounts in the 2006 and 2005 consolidated financial
statements have been reclassified to conform to the current year
presentation. Prior period financial statements and disclosures
have been reclassified to reflect discontinued operations in
accordance with SFAS 144 “Accounting for the
Impairment or Disposal of Long Lived Assets”.


 



Additionally there were other reclassifications made which did
not impact CBIZ’s reported income from continuing
operations. These reclassifications include, but may not be
limited to the presentation of depreciation and amortization
expense and certain shipping and handling revenues.
Historically, the Company presented depreciation and
amortization expense as a separate line item on the consolidated
statements of operations. These amounts have now been
reclassified to operating expenses and corporate general and
administrative expense, and the separate line item
“depreciation and amortization expense” is no longer
presented. The Company also reclassified certain shipping and
handling revenues in the payroll business. These revenues were
historically netted against the related shipping expense;
however, they are now presented gross, increasing both revenue
and operating expenses equally.


 




This excerpt taken from the CBZ 10-K filed Mar 16, 2007.
Reclassifications
 
Certain amounts in the 2005 and 2004 consolidated financial statements have been reclassified to conform to the current year presentation. Reclassifications include but may not be limited to, certain expenses reimbursable to CBIZ by its clients, previously netted against revenue which are now reported as operating expenses. These reclassifications did not impact CBIZ’s reported income from continuing operations. Prior period financial statements and disclosures have also been reclassified to reflect discontinued operations.
 
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