Nutrisystem to take non cash charge of $5 million as impairment charge

Nutrisystem, Inc. (NASDAQ:NTRI), a leading provider of weight management products and services, today announced that it expects to take a non cash charge of up to $5 million before taxes to reflect an impairment charge on the value of the goodwill and identifiable intangibles related to its Nu-Kitchen fresh food delivery business that currently services the New York City area, which the company acquired in July 2008. The company expects to take the charge in the fourth quarter of 2009 and intends to finalize its impairment analysis prior to the release of its 2009 financial results.

http://www.nutrisystem.com/

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