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SOHU » Topics » We may be required to record a charge to earnings if impairment is determined when we reassess our goodwill or amortizable intangible assets arising from acquisitions.This excerpt taken from the SOHU 10-Q filed Aug 8, 2006. We may be required to record a charge to earnings if impairment is determined when we reassess our goodwill or amortizable intangible assets arising from acquisitions. We are required under generally accepted accounting principles to review our amortizable intangible assets for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. Goodwill is required to be tested for impairment at least annually. Factors that may be considered a change in circumstances indicating that the carrying value of our amortizable intangible assets may not be recoverable include a decline in stock price and market capitalization, and slower growth rates in our industry. We may be required to record a charge to earnings in our financial statements during the period in which any impairment of our goodwill or amortizable intangible assets is determined. As of June 30, 2006, our goodwill and amortizable intangible assets arising from acquisitions were approximately $61 million.
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