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This excerpt taken from the LUX 20-F filed Jun 28, 2006. Goodwill
and Other Intangible Assets (“SFAS 142”).
Additional impairment tests are performed if, for any reason, the Company
believes that an event has occurred that may impair goodwill. Such tests are
performed at the reporting unit level which consists of two units, Wholesale
and Retail, as required by the provisions of SFAS 142. For the years ended
December 31, 2003, 2004 and 2005, the result of this process was the
determination that the carrying value of each reporting unit of the Company was
not impaired and, as a result, the Company has not recorded a goodwill
impairment charge.
This excerpt taken from the LUX 20-F filed Jun 29, 2005. Goodwill and Other Intangible Assets. For the years ended December 31,
2002, 2003 and 2004, the result of this process was the determination that the
carrying value of each reporting unit of the Company was not impaired and, as a
result, the Company has not recorded a goodwill impairment charge.
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