- A $1.8 million reduction to the carrying value of Winmark’s investment in Archiver’s;
- A $0.7 million reduction to the carrying value of Winmark’s investment in BridgeFunds, LLC;
- A reduction of Winmark’s equity of $2.5 million;
- A reduction of pre-tax income of $2.5 million for the quarter ended December 29, 2012. The charges will negatively impact earnings per share by approximately $0.47 per share for the quarter.
Winmark Corporation (Nasdaq: WINA) announced today that it recorded impairment charges relating to its’ investments in (i) Tomsten, Inc. (d/b/a Archiver’s) and (ii) BridgeFunds, LLC. The impact to Winmark’s financial statements includes: