SiNtx Technologies Inc (SINT)

[CL101]

An acquirer in a business combination must identify and measure all aspects of the business
combination in accordance with Accounting Standards Codification (ASC) 805.
2 If the initial
accounting for the business combination is incomplete as of the end of the reporting period in
which the acquisition occurs, the acquirer records provisional amounts based on information
available at the acquisition date.
The acquirer then adjusts these amounts as it obtains more information about facts and
circumstances that existed as of the acquisition date. This period is called the measurement
period. It ends when the acquirer receives the information it was seeking about facts and
circumstances that existed as of the acquisition date or when it determines that it cannot
obtain more information. The measurement period cannot exceed one year from the date of
the acquisition.
Under current guidance, an acquirer must recognize adjustments to provisional amounts during
the measurement period retrospectively (i.e., as if the accounting for the business combination
had been completed at the acquisition date). That is, the acquirer must revise comparative
information on the income statement and balance sheet for any prior periods affected.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0ahUKEwjnx96wqYbVAhUY5mMKHca_DMQQFggtMAE&url=http%3A%2F%2Fwww.ey.com%2Fpublication%2Fvwluassetsdld%2Ftothepoint_bb3052_measurementperiod_28september2015%2F%24file%2Ftothepoint_bb3052_measurementperiod_28september2015.pdf%3FOpenElement&usg=AFQjCNFgZoXxA-CkisTC0dZVPY-KqC48VQ


This is why Zimmer filed prelim 8K & made this statement:

The Company also expects adjusted diluted earnings per share for the second quarter to be at or near the bottom of its previously issued guidance range of $2.08 to $2.13. The Company is unable to provide estimated GAAP (reported) diluted earnings per share results for the second quarter 2017, without unreasonable efforts, as the Company is finalizing the tax accounting related to recently acquired businesses and other certain items that are excluded from the computation of adjusted diluted earnings per share.

Furthermore, I checked 2015 & 2016 SEC filings...I didn't see any related language like the one they spelled out in their recent prelim 8K.

So I don't think this has something to do with past acquisition like LDR or Biomet.