
A hefty charge related to declines in its stock price this year and declines in its defense business caused Engility [EGL] to record a nearly $300 million non-cash goodwill charge in its fourth quarter, leading to a loss in the quarter and for all of 2015, the company reported on Thursday.The $292 million impairment charge was higher than originally expected and stems from a disparity between the initial fair value estimate and subsequent market capitalization related a bigger than expected…