Our amortization charge now will be about $1.0 million for the next 28 years, and $. 7 million for the following 12 years, 2002 through 2013.
Another reality is that annual amortization charges in the future will not correspond to economic costs.
In evaluating the wisdom of business acquisitions, amortization charges should be ignored also.
That means no amortization charges to gradually extinguish that asset need be made against earnings.
One reality is that the amortization charges that have been deducted as costs in the earnings statement each year since acquisition of See's were not true economic costs.
In analysis of operating results - that is, in evaluating the underlying economics of a business unit - amortization charges should be ignored.
