| The decrease in other operating expenses is due to the drop in amortization and professional fees. |
| However, from 2000 to 2003, the annual disbursements were higher than the amortization. |
| Since impairment depends on market values, it will be much less predictable than straight-line amortization based on acquisition price. |
| The adjustment, eliminating amortization of inventory step-up, is intended to restore the normal margin of such sales. |
| The advantage of accelerated amortization for tax purposes lies in the deferment of taxes rather than in their reduction. |
| Its stock, trading at just two to three times earnings before, interest, taxes, depreciation, and amortization, was low, even for the down-trodden auto-parts industry. |
