Navigant International Inc., an Arapahoe County-based travel management company, filed its 2004 10-K annual report Friday, months late because of accounting problems.
The company restated results for 2000 through 2004.
The company reported $18.9 million in net income in 2004, or $1.06 per diluted share, compared with $20.8 million previously reported, or $1.16 per share.
Restated net income was also lower in 2000 through 2003.
In 2001, Navigant reported a $896,000 loss instead of the previously reported $440,000 in net income.
Navigant and Deloitte & Touche LLP identified material weaknesses concerning controls over accounting for acquisitions and segregation of finance and accounting duties.
Navigant said it has started or plans to undertake measures to address those weaknesses.
Navigant shares were delisted from the Nasdaq National Market in July.
The company plans to file for relisting when it is current with its Securities and Exchange Commission reports.
Staff writer Kelly Yamanouchi can be reached at 303-820-1488 or at kyamanouchi@denverpost.com.
