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olddog967

03/01/06 3:15 PM

#146851 RE: lets_go_terps #146843

lets_go_terps: When IDCC did a partial reversal of the reserve in the 3rd qtr 2004, it was reported as a credit (positive) amount under Income Tax expense, not as Extraordinary Income. Even though it is a special credit, if the amount is significant it will look good in the headlines announcing earnings per share. Individuals and analysts will have to look at the details to see what actually happened.

http://www.sec.gov/Archives/edgar/data/354913/000119312504191472/d10q.htm#rom70783_2


It will likely be booked as 1-time Extraordinary income.