Washington Post 2006 Annual Report Download - page 88

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Quarterly impact from certain unusual items in 2006 (after-tax and diluted EPS amounts):
First Second Third Fourth
Quarter Quarter Quarter Quarter
Charges of $31.7 million related to early retirement plan buyouts ($31.4 million and
$0.3 million in the second and third quarters, respectively) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $(3.27) $(0.03)
Goodwill impairment charge of $6.3 million at PostNewsweek Tech Media during the third
quarter of 2006 and a $1.0 million loss on the sale of PostNewsweek Tech Media
during the fourth quarter of 2006ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $(0.65) $(0.10)
Transition costs and operating losses at Kaplan related to acquisitions and start-ups for
2006 totaled $8.0 million ($0.1 million, $5.6 million, $0.5 million and $1.8 million in
the first, second, third and fourth quarters, respectively)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $(0.02) $(0.58) $(0.05) $(0.19)
Charge of $5.1 million for the cumulative effect of a change in accounting for Kaplan
equity awards in connection with the adoption of SFAS 123R ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $(0.53)
Insurance recoveries of $6.4 million from cable division losses related to Hurricane Katrina $ 0.67
Gains of $21.1 million from the sales of marketable equity securities ($19.6 million,
$1.3 million, and $0.2 million in the second, third and fourth quarters, respectively)ÏÏÏÏÏ $ 2.04 $ 0.13 $ 0.02
Charge of $9.0 million for the write-down of a marketable equity security ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $(0.94)
Charges of $8.3 million related to an agreement to settle a lawsuit at Kaplan ÏÏÏÏÏÏÏÏÏÏÏÏÏ $(0.86)
Gain of $27.4 million on the sale of the Company's 49% interest in BrassRing ÏÏÏÏÏÏÏÏÏÏÏÏ $ 2.86
Quarterly impact from certain unusual items in 2005 (after-tax and diluted EPS amounts):
First Second Third Fourth
Quarter Quarter Quarter Quarter
Charges and lost revenue associated with Katrina and other hurricanes ($12.6 million
and $4.7 million in the third and fourth quarters, respectively) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $(1.31) $(0.49)
Gain on sale of marketable equity securities and land ($5.4 million, $5.2 million and
$0.6 million in the first, third and fourth quarters, respectively)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $0.56 $ 0.54 $ 0.06
72 THE WASHINGTON POST COMPANY