These are income statement items that are unusual in nature and infrequent in occurrence. Examples include a loss from an earthquake in Wisconsin and a loss from a country taking over a company oil refinery. The amounts shown on the income statement will include the gross amount and the net amount after deducting the income tax expense or savings associated with the item. Extraordinary items will appear on the income statement near the end of the income statement after discontinued operations and before the cumulative effect from a change in an accounting principle. Extraordinary items will also be shown on a per share basis, if the company stock is publicly traded.