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The net loss for the quarter ended December 31, 2009 was $0.1 million, as compared to net income of $2.4 million for the quarter ended December 31, 2008. CODI reported a net loss for the year ended December 31, 2009 of $39.6 million, as compared to net income of $81.8 million for the prior year period. Net income for 2008 includes gains of approximately $73.4 million from the sale of Aeroglide Holdings Inc. and Silvue Technologies Group Inc. During the first quarter of 2009, CODI recorded $59.8 million of non-cash impairment expense for the Company's Staffmark subsidiary, partially offset by the associated tax benefit of $22.5 million and by $12.7 million for the noncontrolling shareholders portion of this impairment expense.
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