Washington Post 2009 Annual Report Download - page 98

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Quarterly impact from certain unusual items in 2009 (after-tax and diluted EPS amounts):
First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
Charges of $40.0 million primarily related to early retirement program expense at The Washington Post
and Newsweek ($4.1 million, $35.2 million and $0.7 million in the first, second and third quarters,
respectively) ................................................................. $(0.44) $(3.77) $(0.05)
Charges of $20.6 million in connection with the restructuring of Kaplan’s Score and Test Preparation
operations ($10.5 million, $ 9.4 million, $0.6 million and $0.1 million in the first, second, third and
fourth quarters, respectively) ...................................................... $(1.12) $(1.01) $(0.05) $(0.01)
Charges of $21.0 million for accelerated depreciation related to the closing of The Washington Post’s
College Park, MD, plant and the consolidation of operations at The Washington Post newspaper
($8.3 million, $8.8 million and $3.8 million in the first, second and third quarters, respectively) .... $(0.89) $(0.95) $(0.40)
Goodwill, intangible assets and other impairment charges of $18.8 million related to Kaplan
Ventures .................................................................... $(2.00)
Impairment charges of $18.8 million at two of the Company’s affiliates ........................ $(2.00)
Gains, net, of $10.3 million for non-operating unrealized foreign currency (losses) gains on
intercompany loans arising from the weakening of the U.S. dollar ($0.9 million loss, $12.3 million
gain and $0.9 million loss in the first, second and fourth quarters, respectively) ................. $(0.09) $ 1.31 $(0.10)
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 Test Preparation’s professional
training businesses ($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, net, 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)
84 THE WASHINGTON POST COMPANY