Time-delay in a multi-channel formalism

We reexamine the time-delay formalism of Wigner, Eisenbud and Smith, which was developed to analyze both elastic and inelastic resonances. An error in the paper of Smith has propagated through the literature. We correct this error and show how the results of Eisenbud and Smith are related. We also comment on some recent time-delay studies, based on Smith's erroneous interpretation of the Eisenbud result.