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News Breaks | | | | January 25, 2013 | | 17:06 EDT |  | RGS | Regis revises non-operational gain up $9.9M, does not affect reported adj EPS
Regis Corporation announced that the company's Form 10-Q for the quarter ended September 30, 2012 requires amendment. The company determined that $24M of non-cash foreign currency gain related to the sale of its investment in Provalliance during the three months ended September 30, 2012 was understated by $9.9M. This correction represents a non-cash gain, and has no impact on the company's previously reported operational or non-GAAP net income and operational EPS for the quarter then ended, and has no impact on total shareholders' equity as of September 30, 2012. | |
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