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NSTC » Topics » u. Treasury stock:

These excerpts taken from the NSTC 10-K filed Mar 16, 2009.

u. Treasury stock:

During the fourth quarter of 2008, the Company repurchased shares of its Common Stock on the open market and holds such shares as Treasury Stock. The Company presents the cost of the repurchase as a reduction in stockholders’ equity.

F-24

TABLE OF CONTENTS

NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES
  
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. Dollars in Thousands (Except Share and Per Share Data)

Note 2 — Significant Accounting Policies  – (continued)

u. Treasury stock:

During the fourth quarter of 2008, the Company repurchased shares of its Common Stock on the open market and holds such shares as Treasury Stock. The Company presents the cost of the repurchase as a reduction in stockholders’ equity.

F-24

TABLE OF CONTENTS

NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES
  
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. Dollars in Thousands (Except Share and Per Share Data)

Note 2 — Significant Accounting Policies  – (continued)

u. Treasury stock:



During the fourth quarter of 2008, the Company repurchased shares of its Common Stock on the open market and holds such shares as Treasury Stock. The Company presents the cost of the repurchase as a reduction in stockholders’ equity.





F-24











TABLE OF CONTENTS



NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES
  
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. Dollars in Thousands (Except Share and Per Share Data)



Note 2 — Significant Accounting Policies  – (continued)



u. Treasury stock:



During the fourth quarter of 2008, the Company repurchased shares of its Common Stock on the open market and holds such shares as Treasury Stock. The Company presents the cost of the repurchase as a reduction in stockholders’ equity.





F-24











TABLE OF CONTENTS



NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES
  
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. Dollars in Thousands (Except Share and Per Share Data)



Note 2 — Significant Accounting Policies  – (continued)



u. Treasury stock:



During the fourth quarter of 2008, the Company repurchased shares of its Common Stock on the open market and holds such shares as Treasury Stock. The Company presents the cost of the repurchase as a reduction in stockholders’ equity.





F-24











TABLE OF CONTENTS



NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES
  
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. Dollars in Thousands (Except Share and Per Share Data)



Note 2 — Significant Accounting Policies  – (continued)



u. Treasury stock:



During the fourth quarter of 2008, the Company repurchased shares of its Common Stock on the open market and holds such shares as Treasury Stock. The Company presents the cost of the repurchase as a reduction in stockholders’ equity.





F-24











TABLE OF CONTENTS



NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES
  
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. Dollars in Thousands (Except Share and Per Share Data)



Note 2 — Significant Accounting Policies  – (continued)



EXCERPTS ON THIS PAGE:

10-K (6 sections)
Mar 16, 2009

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