Examples of Temporary Impairment in a sentence
It deals to determine the degree of relationship between two or more variables.
Total 2nd quarter000Other Than Temporary Impairment recognized 3rd quarterg.
Total 1st quarter000Other Than Temporary Impairment recognized 2nd quarterd.
Total 3rd quarter000Other Than Temporary Impairment recognized 4th quarterj.
Losses on Investments – Other Than Temporary Impairment (OTTI): Enter the OTTI portion of gains/losses on investments not reported in 4.d above.
For Other-Than- Temporary Impairment (OTTI), the Company has the followings: Debt Securities - The Company recognizes OTTI on debt securities when it is either probable that the Company will not collect all amounts due according to the contractual terms of the debt security in effect at the date of acquisition, or when the Company has decided to sell the debt security prior to its maturity at an amount below its amortized cost.
Based on guidance provided in ASC 320 Investments–Debt and Equity Securities (“ASC 320”) and Staff Accounting Bulletins (“SAB”) Topic 5M Other Than Temporary Impairment (“OTTI”) of Certain Investments in Equity Securities (“SAB Topic 5M”), the Company analyzed the related events of Mevion, that occurred in the second and third quarters of 2015 and its impact on the Company’s investment.
FASB Staff Position FAS 115-1 and FAS 124-1, The Meaning of Other-Than- Temporary Impairment and Its Application to Certain Investments, provides additional guidance for various types of securities about how to determine when an impairment is other than temporary.
We assess whether unrealized losses on the change in fair value on our available for sale securities reflect a decline in value which is other than temporary in accordance with EITF 03-1 “The Meaning of Other than Temporary Impairment and its Application to Certain Investments.” If it is determined the decline in value is other than temporary, the impaired securities will be written down through earnings to their fair values.
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