Extraordinary Income / (Loss), net

Definition of Extraordinary Income / (Loss), net

An extraordinary item consists of gains or losses included on a company's income statement from events, which are unusual and infrequent in nature. Extraordinary items are usually explained further in the notes to the financial statements, and they are the result of unforeseen and atypical events. Companies show an extraordinary item separately from their operating earnings, because it is typically recorded as a one-time charge or income, and it is not expected to recur in the future.

Extraordinary Income / (Loss), net Details