busterbluth

key word: reported. Another key word: "puglisi's operating income"....meaning we want to make the adjustments that she says on the first page. So what adjustments would that be? She wants to expense all software development costs. We get those by doing as they say. Then what else happens if we are expensing what we used to capitalize? Well we don't have any more depreciation/amortization because we are expensing those costs. Because these two amounts are equal, there is no change in operating income. Let me know if that helps.