extraordinary item means: Unusual and unplanned one-time event which must be reported to shareholders in an annual report or quarterly. These items are sometimes presented alongside the results. These items are often excluded because investors will have better insight into future performance if they’re not present at all. The distinction between an uncommon item is that it includes 3 extraordinary items: 1 non-recurring, 2 material and 3, and 3 out of the normal business nature. (in Stock Market Dictionary)