Saying the market is near but not yet at the nadir, VSTO initiated a major reorganization plan to restore health and growth as it reported a net loss of $114,705,000 against income of $73,224,000 for the second quarter ended Oct. 1 as sales declined 14% to $587,283,000 from $684,312,000. The loss includes a $153.3 million impairment charge which had been brewing for some time as the result of past acquisitions at inflated prices, and the new management announced its intention to sell off three non-core brands in the eyewear business that were part of the Bushnell acquisition. Guidance was not ... Log in to view full article.