Monday, March 23, 2009

Anyone know what "impairment testing" means?

Consolidated Revises 4Q 2009 guidance
@Printing Industry News from WhatTheyThink:
"HOUSTON -- Consolidated Graphics, Inc. today announced revised guidance for its fourth quarter ending March 31, 2009.

Based on current market conditions, the Company now expects fiscal fourth quarter revenues of between $240 - $250 million and diluted earnings per share for the quarter of between $0.05 - $0.15, before any impairment of goodwill or other long-lived assets that may result from the Company's year-end impairment testing."

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