Law360, New York (February 16, 2017, 11:53 AM EST) — Bill Nelson

Bruce Newsome

Kristina Trauger

In May 2016, a Division of Corporation Finance of a U.S. Securities and Exchange Commission combined new correspondence and avowal interpretations, or CDIs, to a existent catalog of CDIs that addresses disclosures of “non-GAAP financial measures.”[1]

Non-GAAP financial measures are numerical metrics of a registrant’s chronological or destiny financial performance, financial position or money flows that in several degrees adjust amounts distributed and presented in suitability with U.S. generally supposed accounting principles, or GAAP. They are used by companies to…

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