Originally Posted by
dutch747
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?
For accounting purposes, they debited the entire $100 to 4th quarter 2015. The actual payments are being made from cash on hand, one last month, then 1/17 and 1/18.