I was just reading an article about various drillers and noted that Parker Drilling reported a net loss for 2002 of $114.1 million; this includes a $73.1 million charge for good will.
I’ll confess that, although I’ve even used the term, I still don’t have a very good handle on what “goodwill” means in terms of a company’s bottom line. Can one of y’all define it in terms I can understand?