The second reflects the performance of the winter equipment sector, which includes apparel, snowmobiles, and ski and snowboard equipment. Only six companies were initially chosen for the index in January 1998 because of the relatively small number of publicly traded American winter recreation concerns. Companies may be added to the index on the first trading day of every month. Companies, which are acquired, become delisted, or fall into bankruptcy, will be removed from the index on the day of that action. Information on the number of diluted shares for each company is tabulated from the quarterly reports filed with the Securities Exchange Commission.
Quarterly information is used on a going-forward basis.
Since companies sometimes add, remove, or restate their diluted share numbers over time, Snowcenter will adjust its calculations of the SEI from time to time to reflect these changes. Inc. All rights reserved.