Steiner Leisure Ltd (STNR) Misses Q3 EPS by 4c
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Steiner Leisure Limited Announces Third Quarter 2015 Financial Results
October 28, 2015 4:16 PM EDTNASSAU, The Bahamas, Oct. 28, 2015 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (NASDAQ: STNR) today announced financial results for the third quarter and nine months ended September 30, 2015. During the third quarter of 2015, as a result of current conditions, circumstances, and in connection with Accounting Standards Codification No. 350, Intangibles Goodwill and Other, we recorded a non-cash impairment charge of $29.5 million and associated income tax benefit of $3.5 million, related to the impairment of goodwill and other indefinite lived intangible assets at our Schools reporting unit. During 2015, our Schools reporting unit continued to operate in an environment with increased regulatory... More
