ESCC » Topics » Other Comprehensive Loss

These excerpts taken from the ESCC 10-K filed Mar 9, 2009.

Other Comprehensive Loss

 

We have applied the provisions of Statement of Financial Accounting Standards (“SFAS”) SFAS No. 109, “Accounting for Income Taxes,” (“SFAS 109”) to our gains and losses included in other comprehensive loss but excluded them from our net income or loss.  On a net basis for 2008 and 2007, there was a deferred income tax asset as a result of the items reflected in comprehensive loss.  However, in applying SFAS 109 we determined that it is more likely than not that we will not realize such net deferred income tax assets and have therefore established a valuation allowance against the full amount of the net deferred income tax asset.  Accordingly, the net income tax effect of the items included in other comprehensive loss is zero.  Therefore, we have included no income tax expense or benefit in relation to items reflected in other comprehensive loss.

 

The components of accumulated other comprehensive loss were as follows as of December 31:

 

 

 

2008

 

2007

 

Additional minimum pension liability

 

$

(20,390

)

$

(8,558

)

Net unrealized holding gains (losses) on investments

 

(1,703

)

165

 

Total accumulated other comprehensive loss

 

$

(22,093

)

$

(8,393

)

 

Other Comprehensive Loss

 

We have applied the provisions of Statement of Financial Accounting Standards (“SFAS”) SFAS No. 109, “Accounting for Income Taxes,” (“SFAS 109”) to our gains and losses included in other comprehensive loss but excluded them from our net income or loss.  On a net basis for 2008 and 2007, there was a deferred income tax asset as a result of the items reflected in comprehensive loss.  However, in applying SFAS 109 we determined that it is more likely than not that we will not realize such net deferred income tax assets and have therefore established a valuation allowance against the full amount of the net deferred income tax asset.  Accordingly, the net income tax effect of the items included in other comprehensive loss is zero.  Therefore, we have included no income tax expense or benefit in relation to items reflected in other comprehensive loss.

 

The components of accumulated other comprehensive loss were as follows as of December 31:

 

 

 

2008

 

2007

 

Additional minimum pension liability

 

$

(20,390

)

$

(8,558

)

Net unrealized holding gains (losses) on investments

 

(1,703

)

165

 

Total accumulated other comprehensive loss

 

$

(22,093

)

$

(8,393

)

 

Other Comprehensive Loss



 



We have applied the provisions of Statement
of Financial Accounting Standards (“SFAS”) SFAS No. 109, “Accounting for
Income Taxes,” (“SFAS 109”) to our gains and losses included in other
comprehensive loss but excluded them from our net income or loss.  On a net basis for 2008 and 2007, there was a
deferred income tax asset as a result of the items reflected in comprehensive
loss.  However, in applying SFAS 109 we
determined that it is more likely than not that we will not realize such net
deferred income tax assets and have therefore established a valuation allowance
against the full amount of the net deferred income tax asset.  Accordingly, the net income tax effect of the
items included in other comprehensive loss is zero.  Therefore, we have included no income tax
expense or benefit in relation to items reflected in other comprehensive loss.



 



The components of accumulated other
comprehensive loss were as follows as of December 31:



 









































 



 



2008



 



2007



 



Additional minimum pension liability



 



$



(20,390



)



$



(8,558



)



Net unrealized holding gains (losses) on
investments



 



(1,703



)



165



 



Total accumulated other comprehensive loss



 



$



(22,093



)



$



(8,393



)




 



Other Comprehensive Loss



 



We have applied the provisions of Statement
of Financial Accounting Standards (“SFAS”) SFAS No. 109, “Accounting for
Income Taxes,” (“SFAS 109”) to our gains and losses included in other
comprehensive loss but excluded them from our net income or loss.  On a net basis for 2008 and 2007, there was a
deferred income tax asset as a result of the items reflected in comprehensive
loss.  However, in applying SFAS 109 we
determined that it is more likely than not that we will not realize such net
deferred income tax assets and have therefore established a valuation allowance
against the full amount of the net deferred income tax asset.  Accordingly, the net income tax effect of the
items included in other comprehensive loss is zero.  Therefore, we have included no income tax
expense or benefit in relation to items reflected in other comprehensive loss.



 



The components of accumulated other
comprehensive loss were as follows as of December 31:



 









































 



 



2008



 



2007



 



Additional minimum pension liability



 



$



(20,390



)



$



(8,558



)



Net unrealized holding gains (losses) on
investments



 



(1,703



)



165



 



Total accumulated other comprehensive loss



 



$



(22,093



)



$



(8,393



)




 



These excerpts taken from the ESCC 10-K filed Mar 10, 2008.

Other Comprehensive Loss

        We have applied the provisions of SFAS No. 109, "Accounting for Income Taxes," to our gains and losses included in other comprehensive loss but excluded them from our net income or loss. On a net basis for 2007 and 2006, there was a deferred income tax asset as a result of the items reflected in comprehensive loss. However, in applying SFAS No. 109 we determined that it is more likely than not that we will not realize such net deferred income tax assets and have therefore established a valuation allowance against the full amount of the net deferred income tax asset. Accordingly, the net income tax effect of the items included in other comprehensive loss is zero. Therefore, we have included no income tax expense or benefit in relation to items reflected in other comprehensive loss.

        The components of accumulated other comprehensive loss was as follows as of December 31:

 
  2007
  2006
 
Additional minimum pension liability   $ (8,558 ) $ (7,352 )
Net unrealized holding gains on investments     165     271  
   
 
 
  Total accumulated other comprehensive loss   $ (8,393 ) $ (7,081 )
   
 
 

Other Comprehensive Loss



        We have applied the provisions of SFAS No. 109, "Accounting for Income Taxes," to our gains and losses included in other comprehensive loss but excluded
them from our net income or loss. On a net basis for 2007 and 2006, there was a deferred income tax asset as a result of the items reflected in comprehensive loss. However, in applying SFAS
No. 109 we determined that it is more likely than not that we will not realize such net deferred income tax assets and have therefore established a valuation allowance against the full amount
of the net deferred income tax asset. Accordingly, the net income tax effect of the items included in other comprehensive loss is zero. Therefore, we have included no income tax expense or benefit in
relation to items reflected in other comprehensive loss.



        The
components of accumulated other comprehensive loss was as follows as of December 31:




























































 
 2007
 2006
 
Additional minimum pension liability $(8,558)$(7,352)
Net unrealized holding gains on investments  165  271 
  
 
 
 Total accumulated other comprehensive loss $(8,393)$(7,081)
  
 
 




This excerpt taken from the ESCC 10-Q filed May 14, 2007.

Other Comprehensive Loss

The components of accumulated other comprehensive loss for the periods presented were as follows:

 

Three Months Ended

 

 

 

March 30,

 

March 31,

 

 

 

2007

 

2006

 

Net loss

 

$

(2,919

)

$

(5,868

)

Other comprehensive income:

 

 

 

 

 

Unrealized gain on marketable securities

 

101

 

 

Other Comprehensive loss

 

$

(2,818

)

$

(5,868

)

 

This excerpt taken from the ESCC 10-K filed Apr 2, 2007.

Other Comprehensive Loss

We have applied the provisions of SFAS No. 109, “Accounting for Income Taxes,” to our gains and losses included in other comprehensive loss but excluded them from our net income or loss. On a net basis for 2006, 2005 and 2004, there was a deferred income tax asset as a result of the items reflected in comprehensive loss. However, in applying SFAS No. 109 we determined that it is more likely than not that we will not realize such net deferred income tax assets and have therefore established a valuation allowance against the full amount of the net deferred income tax asset. Accordingly, the net income tax effect of the items included in other comprehensive loss is zero. Therefore, we have included no income tax expense or benefit in relation to items reflected in other comprehensive loss.

The components of accumulated other comprehensive loss was as follows as of December 31:

 

 

2006

 

2005

 

Additional minimum pension liability

 

$

(7,352

)

$

(9,657

)

Net unrealized holding gains on investments

 

271

 

(220

)

Total accumulated other comprehensive loss

 

$

(7,081

)

$

(9,877

)

 

This excerpt taken from the ESCC 10-K filed Apr 3, 2006.

Other Comprehensive Loss

We have applied the provisions of SFAS 109, “Accounting for Income Taxes,” (“SFAS 109”) to our gains and losses included in other comprehensive loss but excluded from our net loss. On a net basis for 2005, 2004 and 2003, there was a deferred income tax asset as a result of the items reflected in comprehensive loss. However, in applying SFAS 109 we determined that it is more likely than not that we will not realize such net deferred income tax assets and have therefore established a valuation allowance against the full amount of the net deferred income tax asset. Accordingly, the net income tax effect of the items included in other comprehensive loss is zero. Therefore, we have included no income tax expense or benefit in relation to items reflected in other comprehensive loss.

The components of accumulated other comprehensive loss were as follows as of December 31:

 

 

2005

 

2004

 

Additional minimum pension liability

 

$

(9,657

)

$

(5,838

)

Net unrealized holding gain on available-for-sale securities

 

 

568

 

Net foreign currency translation

 

(220

)

(123

)

Total accumulated other comprehensive loss

 

$

(9,877

)

$

(5,393

)

 

This excerpt taken from the ESCC 10-K filed Mar 31, 2005.

Other Comprehensive Loss

We have applied paragraph 36(b) of SFAS 109 (“SFAS 109”), “Accounting for Income Taxes,” to our gains and losses included in other comprehensive loss but excluded from our net loss. On a net basis for 2004, 2003 and 2002, there was a deferred income tax asset as a result of the items reflected in comprehensive income. However, in applying paragraph 17 of SFAS 109 we determined that it is more likely than not that we will not realize such net deferred income tax assets and have therefore established a valuation allowance against the full amount of the net deferred income tax asset. Accordingly, the net income tax effect of the items included in other comprehensive loss is zero. Therefore, we have included no income tax expense or benefit in relation to items reflected in other comprehensive loss.

The components of accumulated other comprehensive loss were as follows as of year end:

 

 

2004

 

2003

 

Additional minimum pension liability

 

$

(5,838

)

$

(2,421

)

Net unrealized holding gain on available-for-sale securities

 

568

 

469

 

Net foreign currency translation

 

(123

)

(367

)

Total accumulated other comprehensive loss

 

$

(5,393

)

$

(2,319

)

 

"Other Comprehensive Loss" elsewhere:

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