Originally Posted by
woog315
So Atlas' underlying business (one time costs excluded) operated at a profit in Q4 2015, but one time costs (mostly a litigation settlement) took them into the loss column for the Q. Those are the 2 numbers being reported. Atlas recognized the entire cost of the settlement on their Q4 report, but will actually pay it out over 3 payments by 2018.
Thanks for breaking it down, great explanation. One question though, if Atlas "recognized" the entire cost of the settlement but will not pay it till 2018, why then was there a "one time cost" for litigation recognized on this earning report? Was it a partial payment?