RE:RE:RE:1st qtrIncredible up day today. It's going to be very interesting tomorrow. I'm sure they would have preferred to have capitalized these costs (vs putting them through COGS). Accounting standards clearly prevented them from doing otherwise, which is why they're making a point to say how much better their "management accounting" results look. They also know how the market wouldn't like that much lower EPS number ($0.15). Even if you normalize out the those extra costs, PIH is essentially back to their Q1 2016 revenue and EPS numbers.....when the stock was trading around $6.