Knight_AR_2001
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Dark Days Bright Knight Products Bright Future CEO's Letter Financials
Selected Financial Data
Management's Discussion and Analysis
Consolidated Statements
Notes to Consolidated Statements
Report of Independent Accountants
Directors and Executive Management
Corporate Information


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NOTE 10: WRITEDOWN OF ASSETS AND LEASE LOSS ACCRUAL

The writedown of assets on the Consolidated Statements of Income represents $20.5 million in pre-tax non-operating charges. These charges consist of a loss of $6.8 million related to a writedown of fixed assets and other capitalized costs related to excess real estate capacity, $1.4 million related to estimated losses on the disposal of excess real estate, a $10.7 million non-recurring charge relating to impaired investments in non-public e-commerce companies and $1.6 million related to a writedown of certain exchange seats.