ELN » Topics » Other Net Charges/(Gains)

This excerpt taken from the ELN 20-F filed Feb 26, 2009.
Other Net Charges/(Gains)
 
                 
    2007     2006  
    (In millions)  
 
Severance, restructuring and other costs
  $ 3.6     $ 3.2  
Gain on arbitration award
          (49.8 )
                 
Total other net charges/(gains)
  $ 3.6     $ (46.6 )
                 
 
During 2007 and 2006, we incurred severance, restructuring and other costs of $3.6 million and $3.2 million, respectively, arising from the realignment of our resources to meet our business structure at that time.
 
In December 2006, we were awarded $49.8 million following the conclusion of binding arbitration proceedings that were initiated against King with respect to an agreement to reformulate Sonata. This award was recognized as a gain in 2006 and was received in January 2007.
 
B.   Liquidity and Capital Resources
 
This excerpt taken from the ELN 20-F filed Feb 28, 2008.
Other Net Charges/(Gains)
 
                 
    2007     2006  
    (In millions)  
 
Severance, restructuring and other costs, net
  $ 3.8     $ 3.2  
Gain on arbitration award
          (49.8 )
                 
Total other net charges/(gains)
  $ 3.8     $ (46.6 )
                 
 
During 2007 and 2006, we incurred severance, restructuring and other costs of $3.8 million and $3.2 million, respectively, arising from the realignment of our resources to meet our current business structure.
 
In December 2006, we were awarded $49.8 million following the conclusion of binding arbitration proceedings that were initiated against King with respect to an agreement to reformulate Sonata. This award was recognized as a gain in 2006 and was received in January 2007.


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Table of Contents

B.   Liquidity and Capital Resources
 

EXCERPTS ON THIS PAGE:

20-F
Feb 26, 2009
20-F
Feb 28, 2008
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