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January 14, 2013
08:35 EDTRMCFRocky Mountain Chocolate Q3 EPS impacted by $2M non-recurring, non-cash charge
The company recorded a non-recurring, non-cash asset impairment charge of approximately $2.0M in the most recent quarter, primarily related to the write-down of company-owned store asset values in its Aspen Leaf Yogurt business segment. In addition to the impairment of assets, the Company expects to incur future restructuring costs of $500,000-$600,000 associated with this restructuring, of which approximately $47,000 were recognized in the quarter ended November 30, 2012.
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