As reported under generally accepted accounting principles (GAAP), the company reported net income of $0.45 per share for the first quarter of 2010, as compared with net income of $0.00 per share for the same period last year. The 2010 first quarter results include, among other items, costs and charges of approximately $3 million ($2 million after tax) related to the acquisition of Robert Rodriguez and other restructuring and strategic review costs. In the prior year quarter, results included, among other items, non-cash retail store asset impairment charges of approximately $21 million ($14 million after tax) related to the closure of company-operated stores and charges of $14 million ($9 million after tax) related to other cost savings initiatives.
- Companies:
- Leed's
- Premium Connection
- Places:
- New York