Washington Post 2007 Annual Report Download - page 98

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Quarterly impact from certain unusual items in 2007 (after-tax and diluted EPS amounts):
First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
Charge of additional net income tax expense of $6.6 million as a result of a $12.9 million
increase in taxes associated with Bowater Mersey, offset by a tax benefit of $6.3 million
associated with recent changes in certain state income tax laws . . . ................. $(0.70)
Charges of $6.7 million related to lease obligations, severance and accelerated depreciation of
fixed assets in connection with Kaplan’s restructuring of the Score! business . ............ $(0.70)
Charge of $3.6 million related to write-off of an integrated software product under development
and severance costs at Kaplan Professional (U.S.) ............................. $(0.38)
Gain of $5.9 million from the sale of property at the company’s television station in Miami . . . . . $0.62
Quarterly impact from certain unusual items in 2006 (after-tax and diluted EPS amounts):
First
Quarter
Second
Quarter
Third
Quarter
Fourth
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) . . . ............................ $(3.27) $(0.03)
Charge of $9.0 million for the write-down of a marketable equity security ............... $(0.94)
Charge of $8.3 million related to an agreement to settle a lawsuit at Kaplan . . . .......... $(0.86)
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 2006 ............................................. $(0.65) $(0.10)
Transition costs and operating losses at Kaplan related to acquisitions and startups 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) . . . ............................ $(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 . ........................ $(0.53)
Gain of $27.4 million on the sale of the Company’s 49% interest in BrassRing . . .......... $2.86
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) . ............... $2.04 $ 0.13 $ 0.02
82 THE WASHINGTON POST COMPANY