Notes for EBITDA, Net of Investment in Prepublication Costs:
The Corporation adopted Statement of Financial Accounting Standards No. 160, “Noncontrolling interests in Consolidated Financial Statements, an amendment of ARB 51” (SFAS 160), in the first quarter of 2009. Please refer to 2008 Operating Profit/(Loss) and Operating Profit Margin by Segment, as adjusted for SFAS 160 | |
(a) | The unusual gains and losses are as follows: |
In 2000, the cumulative adjustment for the adoption of Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements” | |
In 1998, the early extinguishment of $155.0 million of the Corporation’s 9.43% debt | |
(b) | In 2003, corporate expense includes a pre-tax gain on sale of real estate of $131.3 million |
(c) | Amounts have been adjusted to exclude the juvenile retail publishing business and S&P ComStock, which in 2003 were included in discontinued operations |