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SONS » Topics » Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an Activity (including Certain Costs Incurred in a Restructuring

This excerpt taken from the SONS 10-Q filed Jun 10, 2005.
Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an Activity (including Certain Costs Incurred in a Restructuring). The scope of SFAS No. 146 includes costs related to terminating a contract that is not a capital lease, costs to consolidate facilities or relocate employees, and certain termination benefits provided to employees who are involuntarily terminated. SFAS No. 146 is effective for exit or disposal activities initiated after December 31, 2002. The implementation of this statement did not have a material impact on our financial position or results of operations.

 

In November 2002, the FASB issued Interpretation No. 45,

This excerpt taken from the SONS 10-Q filed Jun 10, 2005.
Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an Activity (including Certain Costs Incurred in a Restructuring). The scope of SFAS No. 146 includes costs related to terminating a contract that is not a capital lease, costs to consolidate facilities or relocate employees, and certain termination benefits provided to employees who are involuntarily terminated. SFAS No. 146 is effective for exit or disposal activities initiated after December 31, 2002. The implementation of this statement did not have a material impact on our financial position or results of operations.

 

In November 2002, the FASB issued Interpretation No. 45,

This excerpt taken from the SONS 10-Q filed Jun 10, 2005.
Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an Activity (including Certain Costs Incurred in a Restructuring). The scope of SFAS No. 146 includes costs related to terminating a contract that is not a capital lease, costs to consolidate facilities or relocate employees, and certain termination benefits provided to employees who are involuntarily terminated. SFAS No. 146 is effective for exit or disposal activities initiated after December 31, 2002. The implementation of this statement did not have a material impact on our financial position or results of operations.

 

In November 2002, the FASB issued FIN 45,

EXCERPTS ON THIS PAGE:

10-Q
Jun 10, 2005
10-Q
Jun 10, 2005
10-Q
Jun 10, 2005

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