OFFICE MAX TO RITE-OFF ANOTHER $105Mln (Tax)

  • ces_web_banner_toner_news_902x1776
  • Print
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • ncc-banner-902-x-177-june-2017
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • 2toner1-2
  • 4toner4
  • banner-01-26-17b
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
Share

OFFICE MAX TO RITE-OFF ANOTHER $105Mln (Tax)

 user 2009-01-26 at 10:56:22 am Views: 68
  • #21316

    http://www.chicagotribune.com/business/chi-wed-brf4-office-max-jan21,0,3765660.story
    OfficeMax to expand asset-impairment charge by $105 million
    OfficeMax Inc. said in a regulatory filing Tuesday that the office-supply chain will need to expand an asset-impairment accounting charge by $105 million.That comes on top of a pretax, non-cash charge of $935.3 million that the Naperville-based company recorded in July to reduce the value of goodwill and other intangibles on its books.In its Securities and Exchange Commission filing Tuesday, OfficeMax said the company has completed the second step of its two-part analysis and determined that an additional reduction of $105 million in the carrying value of goodwill and trade names will be needed.