Читать книгу Wiley GAAP: Financial Statement Disclosure Manual - Joanne M. Flood - Страница 69

On June 23, 20X1, an accidental gas explosion occurred at our manufacturing facility in Waco, Texas (“the Waco accident”). This facility was the primary production facility for the NutraBar brand. During fiscal 20X3, the Company settled its property and business interruption claims related to the Garner accident with our insurance providers. The total payments received from the insurers in fiscal 20X3 were $278.6 million and all previously deferred balances were immediately recognized upon settlement of the insurance claim in fiscal 20X3. The insurance recoveries recognized in fiscal 20X3, included in selling, general and administrative expenses totaled $132.6 million, representing $95 million in reimbursement for business interruption, a $32.4 million gain on involuntary conversion of property, plant and equipment and recovery of other expenses incurred of $5.2 million.