What is RBC Bearings's recognized benefit on interest and penalties?

RBC Bearings (RBC) reported recognized benefit on interest and penalties of $75.00K in Q1 2024.

What does recognized benefit on interest and penalties mean?

A gain recognized from the reduction of previously accrued tax-related interest and penalties.

Recognized Benefit On Interest And Penalties

RBC Bearings Recognized Benefit On Interest And Penalties remained flat by 0.0% to $75.00K in Q1 2024 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementCash Flow Statement

SectionOther

CategoryProfitability

SignalHigher is better

VolatilityModerate

First reportedQ1 2024

Last reportedQ4 2024May 15, 2026

How to read this metric

An increase is positive, signaling successful resolution of tax disputes or reduced exposure to tax-related penalties.

Detailed definition

Represents the reversal or reduction of previously accrued interest and penalties related to uncertain tax positions. Th...

Peer comparison

Reflects the outcome of tax audits and the accuracy of prior tax provisioning.

Metric ID: other_recognized_benefit_on_interest_and_penalties

Historical Data

1 years

	FY'24
Value	$300.00K

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Frequently Asked Questions

What is RBC Bearings's recognized benefit on interest and penalties?: RBC Bearings (RBC) reported recognized benefit on interest and penalties of $75.00K in Q1 2024.
What does recognized benefit on interest and penalties mean?: A gain recognized from the reduction of previously accrued tax-related interest and penalties.