investment policy guidelines, the vast majority of holdings within CSCP
held by the company had AAA/Aaa credit ratings at the time of purchase.
With the liquidity issues experienced in the global credit and capital
markets, the CSCP experienced other than temporary losses resulting in
a change in the net asset value per share from its $1 par value. The
other than temporary impairment loss was adjusted to exclude this
charge for fourth quarter and full year 2007 results.
-- Acquisition-related incentive: The fourth quarter and full-year
periods for 2007 and 2006 exclude $1.5 million of income and $3.5
million of expense, respectively, of acquisition-related incentives
arising from a pre-acquisition liability related to the acquisition of
inVentiv Communications, Inc. (the former "inChord Communications").
In connection with the inVentiv Communications, Inc. acquisition, the
Company assumed a $7.5 million existing liability (out of a potential
$15.0 million liability) on inVentiv Communications, Inc.'s balance
sheet relating to certain performance thresholds over a three-year
period from 2005 through 2007. The Company has monitored these
performance thresholds on a quarterly basis, and as of December 31,
2006, $3.5 million of additional non-recurring expense was recorded as
a result of management's evaluation of new business wins during 2006
and the strengthened outlook for inVentiv Communications, Inc.'s
business during 2007. Based on the final 2005-2007 three-year
performance results of inVentiv Communications, Inc., a reversal of
$1.5 million was recorded to this liability and as additional income in
2007. The acquisition-related incentives were adjusted to exclude these
adjustments in t
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