Windstream 2008 Annual Report Download - page 122

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“Accounting for Conditional Asset Retirement Obligations”. The cumulative effect of this accounting change
resulted in a one-time non-cash charge of $7.4 million, net of income tax benefit of $4.6 million.
Notes to Selected Financial Information, Continued:
• During 2004, Windstream reorganized its operations and support teams and also announced its plans to exit
its competitive service operations in the Jacksonville, Florida market due to the continued unprofitability of
these operations. In connection with these activities, Windstream recorded a restructuring charge of $13.6
million consisting primarily of severance and employee benefit costs related to a workforce reduction.
Effective April 1, 2004, Windstream prospectively reduced depreciation rates for its regulated operations in
Nebraska, reflecting the results of a triennial study of depreciable lives completed by Windstream in the
second quarter of 2004, as required by the Nebraska Public Service Commission. The effects of this change
during the year ended December 31, 2004 resulted in a decrease in depreciation expense of $19.1 million.
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