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WYN » Topics » We may be required to write-off a portion of the remaining goodwill value of companies we have acquired.This excerpt taken from the WYN 10-Q filed May 7, 2009. We may be
required to write-off a portion of the remaining goodwill value
of companies we have acquired.
Under generally accepted accounting principles, we review our
intangible assets, including goodwill, for impairment at least
annually or when events or changes in circumstances indicate the
carrying value may not be recoverable. Factors that may be
considered a change in circumstances, indicating that the
carrying value of our goodwill or other intangible assets may
not be recoverable, include a sustained decline in our stock
price and market capitalization, reduced future cash flow
estimates, and slower growth rates in our industry. We may be
required to record a significant non-cash impairment charge in
our financial statements during the period in which any
impairment of our goodwill or other intangible assets is
determined, negatively impacting our results of operations and
stockholders’ equity.
None.
Not applicable.
Not applicable.
Not applicable.
The exhibit index appears on the page immediately following the
signature page of this report.
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This excerpt taken from the WYN 10-K filed Feb 27, 2009. We may be
required to write-off a portion of the remaining goodwill value
of companies we have acquired.
Under generally accepted accounting principles, we review our
intangible assets, including goodwill, for impairment at least
annually or when events or changes in circumstances indicate the
carrying value may not be recoverable. Factors that may be
considered a change in circumstances, indicating that the
carrying value of our goodwill or other intangible assets may
not be recoverable, include a sustained decline in our stock
price and market capitalization, reduced future cash flow
estimates, and slower growth rates in our industry. We may be
required to record a significant non-cash impairment charge in
our financial statements during the period in which any
Table of Contents
impairment of our goodwill or other intangible assets is
determined, negatively impacting our results of operations and
stockholders’ equity.
None.
Our corporate headquarters is located in a leased office at 22
Sylvan Way in Parsippany, New Jersey, which lease expires in
2024. We also lease other Parsippany-based offices, which leases
have varying expiration dates. We have a leased office in
Virginia Beach, Virginia for our Employee Service Center, which
lease expires in 2011.
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