NEU » Topics » impact on net income in any period as a result of such reclassifications.
This excerpt taken from the NEU 10-Q filed Oct 31, 2006.
impact on net income in any period as a result of such reclassifications.
The petroleum additives segment for the three-months and nine-months ended September 30, 2006 included a gain of $2.6 million associated with a legal settlement related to
transportation charges. The after-tax gain amounted to $1.6 million.
The tetraethyl lead segment for the nine-months ended September 30, 2005 included a gain of $3.9 million associated with the insurance settlement related to premises
asbestos liabilities. The after-tax gain amounted to $2.5 million.
Special items for both third quarter and nine months 2006 included a $5.3 million gain ($3.3 million after tax) related to an earn-out agreement for certain pharmaceutical
intellectual property that we sold in 1994. Nine-months 2006 also includes a $3.3 million gain ($2.0 million after tax) on the sale of property. The 2005 special item for both 2005 periods of $2.9 million ($1.8 million after tax) was a gain on the
sale of corporate property.
Other income (expense), net for nine-months 2006 included a $4.4 million gain ($2.9 million after tax) for interest on an income tax settlement.