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please define for me the term "impairment charges"?

Hi Tom,

I'm not familiar with the term. Here is a definition of impairment
The amount by which stated capital is reduced by distributions and losses.

Capital probably refers to the net worth or book value of a company. When I see the word "stated", it makes me think that it is a change from a public financial statement (10-K or 10-Q).

Here is an article I found about impairment charges as they relate to goodwill:

I hope this helps put to put your question in to context.

Fool On,

Keith O'Malley
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