Loss on extinguishment of debt produces $1.5 loss million in 2Q15.
Of course, a loss on extinguishment of debt is a non-recurring item. The company spent $17.6 million in the quarter to save $1.7 million per year over the next eight years.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
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