It certainly would have been material within a short amount of time. One could debate exactly how many quarters that line is hit at, but at $45m to $90m it starts to become very stupid to hide from shareholders from a legal standpoint.
Not reporting the exact details of a $90m acquisition is not a huge deal (for Yahoo). Not reporting on-going government fines that have amounted to $90m in a year, would be a huge deal. One is in theory the acquisition of value and enhances the business, the other is just a black hole of cash destruction.
Further, beyond the money, intentionally doing something against the US Government such that you're getting fined per day, is a big issue for shareholders to know about. Especially given the power the government wields these days.
Not reporting the exact details of a $90m acquisition is not a huge deal (for Yahoo). Not reporting on-going government fines that have amounted to $90m in a year, would be a huge deal. One is in theory the acquisition of value and enhances the business, the other is just a black hole of cash destruction.
Further, beyond the money, intentionally doing something against the US Government such that you're getting fined per day, is a big issue for shareholders to know about. Especially given the power the government wields these days.