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Autor:  Silvio
E-mail:  não-disponível
Data:  25/MAR/2004 11:09 PM
Assunto:  Wall Street Institute
Mensagem:  Sylvan tem prejuízo com Wall Stree Institute e vai vender: http://www.google.com/search?hl=pt&ie=ISO-8859-1&q=%22wall+street+institute%22+closing&btnG=Pesquisa+Google&lr WSI During the second quarter of 2003, management committed to a plan to dispose of its Wall Street Institute ("WSI") line of business. The WSI business owns and operates English-language learning centers in four countries and is a master franchisor of English language learning centers in 25 countries. The Company expects to sell WSI by June 30, 2004. During the quarter ended June 30, 2003, the Company recorded a loss of $23.8 million, net of income tax benefit of $1.7 million. The tax benefit of $1.7 million (cumulative tax benefit recorded of $10.3 million) on the expected loss on sale or disposition of WSI may vary from the final tax benefit realized. The final tax benefit will depend on the structure of the sale or disposal of the WSI entities in the various countries that they conduct operations. This loss included a $10.4 million loss related to the reversal of the accumulated foreign currency translation adjustment, and represents the difference between the expected proceeds upon sale and the book value of the net assets held for sale. The operations of the Company's disposal group comprising its WSI operations are classified as discontinued operations. The operations and cash flows of these businesses will be eliminated from the ongoing operations of the Company as a result of the expected disposal of WSI, and the Company will not have any significant continuing involvement in the operations after the disposal. The results of operations of this component are reported for all periods within discontinued operations, net of income taxes.

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Índice de mensagens

 English Made in Brazil -- English, Portuguese, & contrastive linguistics
Employee of Wall Street Institute  –  Inspector  24/MAR/2004, 11:59 PM
Re: Employee of Wall Street Institute  –  WSI Employee  25/MAR/2004, 12:30 AM
Re: Employee of Wall Street Institute  –  WSI Employee  25/MAR/2004, 12:33 AM
Re: Employee of Wall Street Institute  –  Inspector  25/MAR/2004, 12:40 AM
 Wall Street Institute  –  Silvio  25/MAR/2004, 11:09 PM
Info de 2002 da Espanha  –  Silvio  25/MAR/2004, 11:25 PM
Re: Info de 2002 da Espanha  –  Rodolfo  26/MAR/2004, 8:48 AM

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