Deferred Tax Valuation Allowance, Pension Valuation and Postretirement Healthcare Plan TerminationDuring the fourth quarter the Company recorded a non-cash charge to tax expense of $89.5 million to establish a valuation allowance against certain deferred tax assets, which reduced earnings per diluted share by $3.08. The action is necessary under accounting standards that require recording a valuation allowance when it is more likely than not that a portion of the asset will not be realized. The valuation allowance will be maintained until sufficient evidence exists to support its reversal.
Standard Register Reports Fourth Quarter And Full Year 2011 Financial Results
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