Navigation Links
Edwards Lifesciences Reports Strong Fourth Quarter Sales
Date:2/5/2008

, not a substitute for, nor superior to, the corresponding measures calculated in accordance with GAAP.

The items described below are excluded from the GAAP financial results in the reconciliations that follow:

Cost of Goods Sold -- The Company incurred a $2.0 million charge in the fourth quarter of 2006 for the inventory written off as a result of the discontinuance of the Optiwave Laser Ablation System. Given the magnitude and unusual nature of this expense relative to the operating results for the period presented, this expense has been excluded in non-GAAP net income.

Special Charges (Gains), net -- The Company incurred certain special charges and gains in 2007 and 2006 related to the following:

1) Realignment expenses: $13.9 million charge for a worldwide realignment

of resources, primarily related to severance expenses for the sale of

the LifeStent product line and the termination of the Company's

intra-aortic balloon pump distribution agreement in Japan in the fourth

quarter 2007; $7.3 million charge for severance expenses resulting from

a resource realignment in the fourth quarter of 2006, and a

$2.1 million charge primarily for severance expenses in the first

quarter of 2006 resulting from the planned closing of a manufacturing

facility;

2) Pension settlement and adjustment: $7.1 million charge related to the

termination of the Puerto Rico pension plan and a $4.1 million

adjustment to apply SFAS 87 accounting to a Switzerland pension plan in

the fourth quarter of 2007;

3) Reversal of gain on estimated insurance settlement: $2.5 million

charge in the fourth quarter of 2007 to reverse the $ 2.5 million gain

recorded in the third quarter of 2007 from the estimated insurance

settlement from a fire that destroyed certain inventory held at a third

party warehouse in Brazil; this ga
'/>"/>

SOURCE Edwards Lifesciences Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Related medicine news :

1. Edwards Lifesciences to Present at the Bear Stearns 20th Annual Healthcare Conference
2. Edwards Lifesciences Receives CE Mark for Edwards SAPIEN Transcatheter Heart Valve
3. Spectranetics to Present at The A.G Edwards Growth Conference on September 18
4. Edwards Plan on AIDS Unveiled Today
5. AIDS Action Council Commends Senator Edwards for Endorsing a National HIV/AIDS Strategy
6. Exciting New Plan from John Edwards on AIDS; Plan is Bold and Achievable, say New Hampshire Activists
7. Elizabeth Edwards to Join SEIU Activists at Conference
8. Edwards Lifesciences to Host Earnings Conference Call on October 22, 2007
9. Edwards Lifesciences Announces Schedule of Activities at TCT 2007
10. Edwards Lifesciences to Present at the Southern California Investor Conference
11. Edwards Lifesciences Completes Sale of LifeStent Product Line to Bard
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/6/2015)... Califia Farms , the fastest-growing ... products coffee drinks category, has been selected as a ... for its Double Espresso Pure Iced Coffee Almondmilk. ... test to find the best, healthiest and cleanest edible ... , “As a company dedicated to sustainable and mindful ...
(Date:3/6/2015)... As the Muscular Dystrophy Association continues ... organization has hired two new Scientific Program Officers, Amanda ... report to Grace Pavlath, Ph.D, who joined MDA late ... Director, and together will lead MDA as it accelerates ... for various types of neuromuscular and motor neuron diseases. ...
(Date:3/6/2015)... 06, 2015 Further solidifying their position ... Doctor Associates announced today that the company has earned ... the Best of Staffing Talent Award five years in ... of Staffing Talent Diamond winners are proven industry leaders ... them by the individuals they have helped find temporary ...
(Date:3/6/2015)... Lewisville, Texas (PRWEB) March 06, 2015 ... at 7am today. The new facility is located at 13351 ... , “Our experienced clinical team is ready 24-7 to provide ... said Dr. Grossman, Facility Medical Director of First Choice Emergency ... a ribbon cutting with the South Metro Denver Chamber of ...
(Date:3/6/2015)... Utilizing the latest in nutritional science to help ... has enabled Diet Doc to add powerful new ... of fat loss enhancement medications. And now, they are ... to help people throughout the country begin losing dangerous ... appealing to new clients because they can receive Appetite ...
Breaking Medicine News(10 mins):Health News:Prevention Magazine Names Califia Farms Winner of 2015 Cleanest Packaged Food Award 2Health News:Prevention Magazine Names Califia Farms Winner of 2015 Cleanest Packaged Food Award 3Health News:MDA Adds Muscle Disease and ALS Leaders to Research Team 2Health News:MDA Adds Muscle Disease and ALS Leaders to Research Team 3Health News:MDA Adds Muscle Disease and ALS Leaders to Research Team 4Health News:Cross Country Healthcare: Medical Doctor Associates Earns Inavero's 2015 Best of Staffing Talent Diamond Award 2Health News:Cross Country Healthcare: Medical Doctor Associates Earns Inavero's 2015 Best of Staffing Talent Diamond Award 3Health News:First Choice Emergency Room Opens New Facility in Littleton, Colorado 2Health News:Diet Doc Announces Never Before Offered Discounts, Promotions and Savings for New and Existing Clients 2Health News:Diet Doc Announces Never Before Offered Discounts, Promotions and Savings for New and Existing Clients 3Health News:Diet Doc Announces Never Before Offered Discounts, Promotions and Savings for New and Existing Clients 4
... , , , ... of cardiologists around the country have joined forces today to preserve ... Hearts Alliance is advocating to protect patient access to cardiac care ... , , Cardiovascular disease is the Number One ...
... Sinai School of Medicine and two other academic ... functional human kidney tissue from tissue modeled on ... several emerging technologies including virtual tissue modeling and ... researchers to engineer tissue outside the body and, ...
... , , WASHINGTON, Sept. 23 ... on the U.S. Senate, starting with the Senate Finance Committee, ... Medicare patients. , , "The health ... would deny Medicare beneficiaries access to the best in hospital ...
... , , WALTHAM, Mass., Sept. ... corporate name to Ocular Therapeutix, Inc. Amar Sawhney, President and CEO, ... the ophthalmic marketplace as we pursue FDA clearance for our first ... , , Starting today, the company has launched ...
... , , NEW YORK, ... by President Clinton, featured Peter Robinson, first minister from Northern ... Declan Kelly, economic envoy to Northern Ireland, U.S. Department of ... Micheal Martin, Minster of Foreign Affairs, Republic of ...
... , , FAIRFIELD, ... of cardiovascular technologies, announced today at the Transcatheter Cardiovascular Therapeutics ... and Drug Administration has cleared the company,s MEGA(TM) 8Fr. ... IAB with a true 8Fr. shaft, the MEGA has a ...
Cached Medicine News:Health News:Cardiologists Mobilize to Protect Quality Cardiac Care for Patients 2Health News:Cardiologists Mobilize to Protect Quality Cardiac Care for Patients 3Health News:Cardiologists Mobilize to Protect Quality Cardiac Care for Patients 4Health News:Mount Sinai leads unprecedented, NIH-supported attempt to discover rules for assembling human tissue 2Health News:Mount Sinai leads unprecedented, NIH-supported attempt to discover rules for assembling human tissue 3Health News:RetireSafe to Senate: Stop Proposed Rationing of High-Quality Hospital Care - Medicare Needs More Physician Hospitals 2Health News:President Clinton Hosts Special Session on Northern Ireland; Announces New Commitments Focused on Harnessing Innovation for Development 2Health News:President Clinton Hosts Special Session on Northern Ireland; Announces New Commitments Focused on Harnessing Innovation for Development 3Health News:President Clinton Hosts Special Session on Northern Ireland; Announces New Commitments Focused on Harnessing Innovation for Development 4Health News:President Clinton Hosts Special Session on Northern Ireland; Announces New Commitments Focused on Harnessing Innovation for Development 5Health News:President Clinton Hosts Special Session on Northern Ireland; Announces New Commitments Focused on Harnessing Innovation for Development 6Health News:President Clinton Hosts Special Session on Northern Ireland; Announces New Commitments Focused on Harnessing Innovation for Development 7Health News:President Clinton Hosts Special Session on Northern Ireland; Announces New Commitments Focused on Harnessing Innovation for Development 8Health News:President Clinton Hosts Special Session on Northern Ireland; Announces New Commitments Focused on Harnessing Innovation for Development 9Health News:MAQUET Cardiovascular Receives FDA Clearance for MEGA(TM), the World's First 8Fr. 50cc Intra-Aortic Balloon Catheter 2Health News:MAQUET Cardiovascular Receives FDA Clearance for MEGA(TM), the World's First 8Fr. 50cc Intra-Aortic Balloon Catheter 3
(Date:3/6/2015)... , March 6, 2015   Hospira, Inc. (NYSE: ... and Drug Administration (FDA) on today,s FDA approval of the ... This is a watershed moment for improving patient access to ... global provider of biosimilars, Hospira has seen first-hand the positive ... proud participant in these early stages of the development of ...
(Date:3/6/2015)... Washington , 6. März 2015 /PRNewswire/ ... von Röntgenstrahlen, feierte auf dem European Congress ... , Österreich, die 1.000. Installation seines ... Logo - http://photos.prnewswire.com/prnh/20150304/179432LOGO ... Dosimeter, der in Echtzeit Informationen über die ...
(Date:3/6/2015)... March 6, 2015  Aethlon Medical, Inc. (OTCQB:AEMD), the ... diseases and cancer, today announced that James A. ... present a corporate overview at the 27th Annual ROTH ... time.  Aethlon was previously scheduled to present at 5:30 ... will be held at The Ritz-Carlton Hotel in ...
Breaking Medicine Technology:Hospira Statement on FDA Approval of the First Biosimilar in the United States 2Hospira Statement on FDA Approval of the First Biosimilar in the United States 3Unfors RaySafe, ein Unternehmen von Fluke Biomedical, feiert 1.000. Installation seines Systems zur Echtzeit-Strahlendosimetrie 2Unfors RaySafe, ein Unternehmen von Fluke Biomedical, feiert 1.000. Installation seines Systems zur Echtzeit-Strahlendosimetrie 3Update - Changed Time for Aethlon Medical Presentation at the 27th Annual ROTH Conference 2
... /PRNewswire-iReach/ -- In his latest e-book— Can You ... Increase Your Chances of Being Heard —communication and leadership ... from his award-winning messaging methodology.  Built on best practices ... methodology has been proven, tested and refined over the ...
... International, Inc. (NYSE: VRX ) (TSX: VRX) today ... live Internet webcast along with a slide presentation on Thursday, ... to discuss results for the 2012 first quarter. ... 876-8393, confirmation code 70937718. International callers should dial (973) ...
Cached Medicine Technology:Make What You Say Matter and Increase Your Chances of Being Heard With Communication Expert's Latest E-book, "Can You Hear Me Now?" 2Valeant Pharmaceuticals to Announce 2012 First Quarter Results on May 3, 2012 2
... A product you can trust ... practice: perform retinal, cataract, and glaucoma ... YAG III Combi is the optimal ... trabeculoplasty, and combined iridotomy. The push ...
... The Epicardia 4000 is a hospital-grade ... Epicardia software, Diogenes Arrhythmia and ST analysis ... supporting hardware and software. Facilities with an ... over running reports, customizing them to suit ...
An aid for advancing a pacemaker lead through the subcutaneous tissue of the chest wall to the pacemaker pocket....
... System is the first thrombectomy catheter to ... simplicity for the full range of thrombus ... the new ThromCat™ System flushes, macerates, and ... mmHg and incorporates advanced vessel-wall safety features. ...
Medicine Products: