The second quarter of 2012 saw a small (3%) decline in revenue compared to the same period in 2011. Some expenses came down but closure and impairment costs came in at $88 million, which was more than enough to give Resolute Forest Products Inc a net loss of $20 million versus $61 million in net income in the second quarter of last year. The company's first quarter had also not gone well, and so in the first half of 2012 it only generated 3 cents per share in earnings; in the first half of 2011 it had delivered 94 cents per share. The closure and impairment costs, again, are responsible for much of this change and they are not likely to be recurring. When we strip them out, operating income is about flat.