Accountable Earnings definition
Accountable Earnings means with respect to the 12-month period ending April 30, 1998 for which Accountable Earnings are to be determined for the purposes hereof, the amount of the gross profit attributable to the Company's hardware services business (and specifically excluding the Company's EDMS software and professional services business), as an independent company prior to the Closing and as a separate unit of the Purchaser after the Closing on a combined basis (the "Hardware Services Business"), for such year, with all expenses classified consistently between measurement periods, as reported in the Company's and Purchaser's consolidated statements of income for such 12-month period, determined in accordance with generally accepted accounting principles, consistently applied and as reviewed by KPMG Peat Marwick LLP.