The company recorded non-cash charges included in cost of goods sold related to various valuation adjustments of approx. $30.6 million and $7.8 million in the second and first quarters of fiscal year 2006, respectively. Also prior to consummation of the acquisition, the company recorded in the first quarter of fiscal year 2006 transaction and other costs of approx. $23.5 million.
The company sold its Chef's Catalog direct marketing business in November 2004 and recorded a loss in connection with the sale of approx. $15.3 million in the first quarter of fiscal year 2005. Comparable revenues have been adjusted to exclude the sales of Chef's Catalog prior to its disposition.
The Neiman Marcus Group Inc includes the Specialty Retail Stores segment, which consists of Neiman Marcus stores and Bergdorf Goodman, and the Neiman Marcus Direct segment, the direct marketing operation.
The Neiman Marcus Group Inc
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