Washington Post 2008 Annual Report Download - page 96

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Quarterly impact from certain unusual items in 2008 (after-tax and diluted EPS amounts):
First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
Charges of $67.2 million related to early retirement program expense at The Washington Post
newspaper, the corporate office and Newsweek ($14.3 million and $52.9 million in the first and
second quarters, respectively) ....................................................... $(1.49) $(5.58)
Goodwill, intangible assets and other impairment charges of $115.7 million at the Company’s online lead
generation business, included in the other businesses and corporate office segment; at the Company’s
community newspapers, The Herald and other operations, included in the newspaper publishing
segment; and at two of the Company’s equity affiliates ($4.1 million, $41.9 million and $69.6 million
in the second, third and fourth quarters, respectively) ...................................... $(0.43) $(4.48) $(7.44)
Charge of $13.9 million for accelerated depreciation related to the planned closing of The Washington
Post’s College Park, MD, plant ($0.7 million, $7.9 million and $5.3 million in the second, third and
fourth quarters, respectively) ........................................................ $(0.08) $(0.84) $(0.56)
Expenses and charges of $6.8 million in connection with the restructuring of Kaplan Professional (U.S.)
($0.9 million, $1.1 million, $0.4 million and $4.3 million in the first, second, third and fourth quarters,
respectively) .................................................................... $(0.09) $(0.12) $(0.05) $(0.46)
Gains of $28.9 million from the sales of marketable equity securities ............................ $3.09
Losses of $28.5 million for non-operating unrealized foreign currency losses on intercompany loans arising
from the strengthening of the U.S. dollar ($2.8 million gain, $1.8 million gain, $13.0 million loss and
$20.1 million loss in the first, second, third and fourth quarters, respectively) ..................... $0.30 $ 0.20 $(1.39) $(2.15)
Charge of $9.5 million in income tax expense related to valuation allowances provided against certain
state and local income tax benefits, net of U.S. federal income tax benefits ...................... $(1.01)
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 changes
in certain state income tax laws ...................................................... $(0.70)
Expenses and charges of $10.3 million in connection with the restructuring of Kaplan Professional (U.S.)
and Score ..................................................................... $(1.08)
Gain of $5.9 million from the sale of property at the company’s television station in Miami ............ $0.62
Gains of $5.5 million for non-operating unrealized foreign currency gains on intercompany loans arising
from the strengthening of the U.S. dollar ($0.5 million gain, $2.4 million gain, $5.7 million gain and
$3.1 million loss in the first, second, third and fourth quarters, respectively) ...................... $0.06 $ 0.24 $0.60 $(0.32)
The sum of the four quarters may not necessarily be equal to the annual amounts reported due to rounding.
84 THE WASHINGTON POST COMPANY