TSYS » Topics » Recent Developments:

This excerpt taken from the TSYS 10-Q filed Nov 7, 2006.
Recent Developments:
 
Certain prior period amounts have been reclassified to conform to the current year presentation, including the classification of our Enterprise assets as discontinued operations, as discussed in Note 4 to our unaudited financial statements. Revenues and direct costs of revenues previously reported separately under the headings “hosted, subscriber and maintenance” and “services” have been combined into services for the current presentation.
 
Prior to January 1, 2006, we recorded stock-based compensation expense only to the extent that the fair value of the equity award on the date of grant exceeded the exercise price of the award. Effective January 1, 2006, we adopted the Financial Accounting Standards Board (FASB) Statement No. 123(R), Share Based Payment, and consequently have begun to recognize expense for all outstanding and unvested equity awards over their respective vesting periods. In accordance with the modified prospective method of implementation, we have not restated prior periods. See Note 2 to our unaudited Consolidated Financial Statements presented as Part I in this Quarterly Report on Form 10-Q for more information regarding our implementation of Statement No. 123(R).
 
This excerpt taken from the TSYS 10-Q filed Aug 9, 2006.
Recent Developments:
 
Certain prior period amounts have been reclassified to confirm to the current year presentation, including the classification of our Enterprise assets as discontinued operations, as discussed in Note 4 to our unaudited financial statements. Revenues and direct costs of revenues previously reported separately under the headings “hosted, subscriber and maintenance” and “services” have been combined into services for the current presentation.
 
Prior to January 1, 2006, we recorded stock-based compensation expense only to the extent that the fair value of the equity award on the date of grant exceeded the exercise price of the award. Effective January 1, 2006, we adopted the Financial Accounting Standards Board (FASB) Statement No. 123(R), Share Based Payment, and consequently have begun to recognize expense for all outstanding and unvested equity awards over their respective vesting periods. In accordance with the modified prospective method of implementation, we have not restated prior periods. See Note 2 to our unaudited Consolidated Financial Statements presented as Part I in this Quarterly Report on Form 10-Q for more information regarding our implementation of Statement No. 123(R).
 

EXCERPTS ON THIS PAGE:

10-Q
Nov 7, 2006
10-Q
Aug 9, 2006
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki