x
|
Quarterly
report under Section 13 or 15(d) of the Securities Exchange Act of
1934
|
PENNSYLVANIA
|
25-0644320
|
|
(State
or other jurisdiction of
|
(I.R.S.
Employer
|
|
Incorporation
or organization)
|
Identification
No.)
|
TWO
NORTHSHORE CENTER, PITTSBURGH, PA
|
15212-5851
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
|
Registrant's
telephone number, including area code
|
(412)
442-8200
|
Yes
x
|
No
o
|
Yes
o
|
No
o
|
Large
accelerated filer x
|
Accelerated
filer o
|
Non-accelerated
filer o
|
Smaller
reporting company o
|
Yes
o
|
No
x
|
March
31, 2009
|
September
30, 2008
|
|||||||||||||||
(unaudited)
|
||||||||||||||||
ASSETS
|
||||||||||||||||
Current
assets:
|
||||||||||||||||
Cash
and cash equivalents
|
$ | 49,580 | $ | 50,667 | ||||||||||||
Short-term
investments
|
62 | 62 | ||||||||||||||
Accounts
receivable, net
|
128,503 | 145,288 | ||||||||||||||
Inventories
|
94,955 | 96,388 | ||||||||||||||
Deferred
income taxes
|
1,223 | 1,271 | ||||||||||||||
Other
current assets
|
11,219 | 9,439 | ||||||||||||||
Total current
assets
|
285,542 | 303,115 | ||||||||||||||
Investments
|
11,445 | 10,410 | ||||||||||||||
Property,
plant and equipment: Cost
|
283,806 | 288,865 | ||||||||||||||
Less accumulated
depreciation
|
(151,455 | ) | (143,127 | ) | ||||||||||||
132,351 | 145,738 | |||||||||||||||
Deferred
income taxes
|
21,020 | 17,714 | ||||||||||||||
Other
assets
|
18,268 | 17,754 | ||||||||||||||
Goodwill
|
362,739 | 359,641 | ||||||||||||||
Other
intangible assets, net
|
55,119 | 59,910 | ||||||||||||||
Total
assets
|
$ | 886,484 | $ | 914,282 | ||||||||||||
LIABILITIES
AND SHAREHOLDERS' EQUITY
|
||||||||||||||||
Current
liabilities:
|
||||||||||||||||
Long-term
debt, current maturities
|
$ | 19,445 | $ | 35,144 | ||||||||||||
Accounts
payable
|
26,603 | 26,647 | ||||||||||||||
Accrued
compensation
|
33,254 | 40,188 | ||||||||||||||
Accrued
income taxes
|
10,525 | 12,075 | ||||||||||||||
Other
current liabilities
|
44,136 | 47,656 | ||||||||||||||
Total current
liabilities
|
133,963 | 161,710 | ||||||||||||||
Long-term
debt
|
239,796 | 219,124 | ||||||||||||||
Accrued
pension
|
19,223 | 17,208 | ||||||||||||||
Postretirement
benefits
|
21,982 | 20,918 | ||||||||||||||
Deferred
income taxes
|
10,268 | 10,594 | ||||||||||||||
Environmental
reserve
|
6,874 | 7,382 | ||||||||||||||
Other
liabilities and deferred revenue
|
15,662 | 12,500 | ||||||||||||||
Total
liabilities
|
447,768 | 449,436 | ||||||||||||||
Minority
interest and
minority
interest arrangement
|
27,107 | 30,891 | ||||||||||||||
Shareholders'
equity:
|
||||||||||||||||
Common stock
|
36,334 | 36,334 | ||||||||||||||
Additional paid-in
capital
|
44,487 | 47,250 | ||||||||||||||
Retained
earnings
|
530,175 | 511,130 | ||||||||||||||
Accumulated other comprehensive
income
|
(25,471 | ) | (2,979 | ) | ||||||||||||
Treasury stock, at
cost
|
(173,916 | ) | (157,780 | ) | ||||||||||||
411,609 | 433,955 | |||||||||||||||
Total
liabilities and shareholders' equity
|
$ | 886,484 | $ | 914,282 |
Three
Months Ended
|
Six
Months Ended
|
|||||||||||||||
March
31,
|
March
31,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
Sales
|
$ | 197,362 | $ | 197,827 | $ | 388,648 | $ | 380,175 | ||||||||
Cost
of sales
|
(124,245 | ) | (117,593 | ) | (247,679 | ) | (227,953 | ) | ||||||||
Gross
profit
|
73,117 | 80,234 | 140,969 | 152,222 | ||||||||||||
Selling
and administrative expenses
|
(49,678 | ) | (45,842 | ) | (97,451 | ) | (91,052 | ) | ||||||||
Operating
profit
|
23,439 | 34,392 | 43,518 | 61,170 | ||||||||||||
Investment
income (loss)
|
(307 | ) | 491 | (695 | ) | 1,003 | ||||||||||
Interest
expense
|
(3,030 | ) | (1,890 | ) | (6,294 | ) | (4,034 | ) | ||||||||
Other
income, net
|
113 | 123 | 3 | 368 | ||||||||||||
Minority
interest
|
(111 | ) | (715 | ) | (98 | ) | (1,267 | ) | ||||||||
Income
before income taxes
|
20,104 | 32,401 | 36,434 | 57,240 | ||||||||||||
Income
taxes
|
(7,362 | ) | (12,118 | ) | (12,403 | ) | (19,526 | ) | ||||||||
Net
income
|
$ | 12,742 | $ | 20,283 | $ | 24,031 | $ | 37,714 | ||||||||
Earnings
per share:
|
||||||||||||||||
Basic
|
$0.42 | $0.66 | $0.79 | $1.22 | ||||||||||||
Diluted
|
$0.42 | $0.65 | $0.79 | $1.21 |
Six
Months Ended
|
||||||||
March
31,
|
||||||||
2009
|
2008
|
|||||||
Cash
flows from operating activities:
|
||||||||
Net income
|
$ | 24,031 | $ | 37,714 | ||||
Adjustments to reconcile net
income to net cash
provided
by operating activities:
|
||||||||
Depreciation and
amortization
|
15,854 | 10,250 | ||||||
Net
loss on sale of assets
|
1,375 | 259 | ||||||
Minority
interest
|
98 | 1,267 | ||||||
Stock-based compensation
expense
|
2,858 | 2,547 | ||||||
Change in deferred
taxes
|
(1,293 | ) | (1,393 | ) | ||||
Changes in working capital
items
|
1,220 | 5,078 | ||||||
Increase in other
assets
|
(513 | ) | (2,346 | ) | ||||
(Decrease) increase in other
liabilities
|
(1,265 | ) | 721 | |||||
Increase in pension and
postretirement benefits
|
2,353 | 1,708 | ||||||
Net cash provided by operating
activities
|
44,718 | 55,805 | ||||||
Cash
flows from investing activities:
|
||||||||
Capital
expenditures
|
(6,605 | ) | (4,472 | ) | ||||
Proceeds from sale of
assets
|
160 | 333 | ||||||
Acquisitions, net of cash
acquired
|
(865 | ) | (1,526 | ) | ||||
Purchases of
investments
|
(2,611 | ) | (4,165 | ) | ||||
Net cash used in investing
activities
|
(9,921 | ) | (9,830 | ) | ||||
Cash
flows from financing activities:
|
||||||||
Proceeds from long-term
debt
|
35,336 | 9,661 | ||||||
Payments on long-term
debt
|
(35,926 | ) | (29,803 | ) | ||||
Proceeds from the sale of
treasury stock
|
1,143 | 5,398 | ||||||
Purchases of treasury
stock
|
(23,133 | ) | (9,134 | ) | ||||
Tax benefit of exercised stock
options
|
98 | 911 | ||||||
Dividends
|
(4,109 | ) | (3,734 | ) | ||||
Distributions to minority
interests
|
(2,291 | ) | (1,173 | ) | ||||
Net cash used in financing
activities
|
(28,882 | ) | (27,874 | ) | ||||
Effect
of exchange rate changes on cash
|
(7,002 | ) | 3,717 | |||||
Net
(decrease) increase in cash and cash equivalents
|
$ | (1,087 | ) | $ | 21,818 |
Level
1
|
Level
2
|
Level
3
|
Total
|
|||||||||||||
Assets:
|
||||||||||||||||
Short
term investments
|
$ | 62 | - | - | $ | 62 | ||||||||||
Trading
securities
|
8,991 | - | - | 8,991 | ||||||||||||
Total
assets at fair value
|
$ | 9,053 | - | - | $ | 9,053 | ||||||||||
Liabilities:
|
- | $ | - | - | $ | - | ||||||||||
Derivatives, net of tax of $2,828
(1)
|
- | 4,423 | - | 4,423 | ||||||||||||
Total
liabilities at fair value
|
- | $ | 4,423 | - | $ | 4,423 | ||||||||||
(1) Interest
rate swaps are valued based on observable market swap rates and are
classified within Level 2 of the fair value hierarchy.
|
March
31, 2009
|
September
30, 2008
|
|||||||
Materials
and finished goods
|
$ | 85,010 | $ | 84,925 | ||||
Labor
and overhead in process
|
9,945 | 11,463 | ||||||
$ | 94,955 | $ | 96,388 |
Date
|
Initial
Amount
|
Fixed
Interest Rate
|
Interest
Rate Spread
at
March 31, 2009
|
Equal
Quarterly Payments
|
Maturity
Date
|
April
2004
|
$50,000
|
2.66%
|
.60%
|
$2,500
|
April
2009
|
September
2005
|
50,000
|
4.14
|
.60
|
3,333
|
April
2009
|
August
2007
|
15,000
|
5.07
|
.60
|
-
|
April
2009
|
August
2007
|
10,000
|
5.07
|
.60
|
-
|
April
2009
|
September
2007
|
25,000
|
4.77
|
.60
|
-
|
September
2012
|
May
2008
|
40,000
|
3.72
|
.60
|
-
|
September
2012
|
October
2008
|
20,000
|
3.21
|
.60
|
-
|
October
2010
|
October
2008
|
20,000
|
3.46
|
.60
|
-
|
October
2011
|
Liability Derivatives
|
||||||||
Balance
Sheet Location:
|
March
31, 2009
|
September
30, 2008
|
||||||
Current
liabilities:
|
||||||||
Other
current liabilities
|
$ | 2,641 | $ | 580 | ||||
Long-term
liabilities
|
||||||||
Other
accrued liabilities and deferred revenue
|
4,610 | 760 | ||||||
Total
derivatives
|
$ | 7,251 | $ | 1,340 | ||||
Derivatives
in
|
Location
of
|
||||||||||||||||
Statement
133
|
Gain
or (Loss)
|
Amount
of
|
Amount
of
|
||||||||||||||
Fair
Value
|
Recognized
in
|
Gain
or (Loss)
|
Gain
or (Loss)
|
||||||||||||||
Hedging
|
Income
on
|
Recognized
in Income
|
Recognized
in Income
|
||||||||||||||
Relationships
|
Derivative
|
on
Derivatives
|
on
Derivatives
|
||||||||||||||
Three
Months ended March 31,
|
Six
Months ended March 31,
|
||||||||||||||||
2009
|
2008
|
2009
|
2008
|
||||||||||||||
Interest
rate swaps
|
Interest
expense
|
$ | (1,079 | ) | $ | 57 | $ | (1,445 | ) | $ | 272 | ||||||
Location
of
|
||||||||||
Gain
or
|
||||||||||
(Loss)
|
||||||||||
Reclassified
|
Amount
of Gain or (Loss)
|
|||||||||
Derivatives
in
|
from
|
Reclassified
from
|
||||||||
Statement
|
Amount
of Gain or
|
Accumulated
|
Accumulated
OCI into
|
|||||||
133
|
(Loss)
Recognized in
|
OCI
into
|
Income
|
|||||||
Cash
Flow
|
OCI
on Derivatives
|
Income
|
(Effective
Portion*)
|
|||||||
Hedging
Relationships
|
March
31,2009
|
September
30, 2008
|
(EffectivePortion*)
|
March
31, 2009
|
September
30, 2008
|
|||||
Interest
rate swaps
|
$(4,423)
|
$
(817)
|
Interest
expense
|
$(881)
|
$166
|
|||||
*There is no ineffective portion or
amount excluded from effectiveness
testing.
|
Weighted-
|
||||||||
average
|
||||||||
grant-date
|
||||||||
Shares
|
fair
value
|
|||||||
Non-vested
at September 30, 2008
|
113,121 | $ | 39.05 | |||||
Granted
|
160,995 | 36.63 | ||||||
Vested
|
(900 | ) | 43.72 | |||||
Expired
or forfeited
|
- | - | ||||||
Non-vested
at March 31, 2009
|
273,216 | 37.61 |
Weighted-
|
Weighted-
|
|||||||||||||||
average
|
average
|
Aggregate
|
||||||||||||||
exercise
|
remaining
|
intrinsic
|
||||||||||||||
Shares
|
price
|
contractual
term
|
value
|
|||||||||||||
Outstanding,
September 30, 2008
|
1,366,342 | $ | 35.56 | |||||||||||||
Granted
|
- | - | ||||||||||||||
Exercised
|
(44,768 | ) | 25.53 | |||||||||||||
Expired
or forfeited
|
(83,933 | ) | 36.75 | |||||||||||||
Outstanding,
March 31, 2009
|
1,237,641 | 35.84 | 6.5 | $ | - | |||||||||||
Exercisable,
March 31, 2009
|
564,190 | 32.34 | 5.6 | $ | - |
Weighted-average
|
||||||||
grant-date
|
||||||||
Non-vested
shares
|
Shares
|
fair
value
|
||||||
Non-vested
at September 30, 2008
|
1,034,868 | 11.46 | ||||||
Granted
|
- | - | ||||||
Vested
|
(277,484 | ) | 10.08 | |||||
Expired
or forfeited
|
(83,933 | ) | 10.31 | |||||
Non-vested
at March 31, 2009
|
673,451 | $ | 13.46 |
Six
Months Ended March 31,
|
||||||||
2009
|
2008
|
|||||||
Expected
volatility
|
27.0 | % | 24.0 | % | ||||
Dividend
yield
|
.6 | % | .6 | % | ||||
Average
risk free interest rate
|
2.4 | % | 3.6 | % | ||||
Average
expected term (years)
|
2.3 | 2.3 |
Three
Months Ended
|
Six
Months Ended
|
|||||||||||||||
March
31,
|
March
31,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
Net
income
|
$ | 12,742 | $ | 20,283 | $ | 24,031 | $ | 37,714 | ||||||||
Weighted-average
common shares outstanding
|
30,314,212 | 30,972,836 | 30,403,150 | 30,989,359 | ||||||||||||
Dilutive
securities, stock options and restricted shares
|
122,928 | 229,727 | 181,041 | 209,521 | ||||||||||||
Diluted
weighted-average
common
shares outstanding
|
30,437,140 | 31,202,563 | 30,584,191 | 31,198,880 | ||||||||||||
Basic
earnings per share
|
$0.42 | $0.66 | $0.79 | $1.22 | ||||||||||||
Diluted
earnings per share
|
$0.42 | $0.65 | $0.79 | $1.21 |
Pension
|
Other
Postretirement
|
|||||||||||||||
Three
months ended March 31,
|
2009
|
2008
|
2009
|
2008
|
||||||||||||
Service
cost
|
$ | 856 | $ | 1,016 | $ | 143 | $ | 146 | ||||||||
Interest
cost
|
1,868 | 1,744 | 386 | 348 | ||||||||||||
Expected
return on plan assets
|
(1,900 | ) | (1,836 | ) | - | - | ||||||||||
Amortization:
|
||||||||||||||||
Prior
service cost
|
(9 | ) | 4 | (322 | ) | (322 | ) | |||||||||
Net
actuarial loss
|
456 | 317 | 71 | 122 | ||||||||||||
Net
benefit cost
|
$ | 1,271 | $ | 1,245 | $ | 278 | $ | 294 |
Pension
|
Other
Postretirement
|
|||||||||||||||
Six
months ended March 31,
|
2009
|
2008
|
2009
|
2008
|
||||||||||||
Service
cost
|
$ | 1,712 | $ | 2,032 | $ | 286 | $ | 292 | ||||||||
Interest
cost
|
3,736 | 3,488 | 772 | 696 | ||||||||||||
Expected
return on plan assets
|
(3,800 | ) | (3,672 | ) | - | - | ||||||||||
Amortization:
|
||||||||||||||||
Prior
service cost
|
(18 | ) | 8 | (644 | ) | (644 | ) | |||||||||
Net
actuarial loss
|
912 | 634 | 142 | 244 | ||||||||||||
Net
benefit cost
|
$ | 2,542 | $ | 2,490 | $ | 556 | $ | 588 |
United
States – Federal
|
2007
and forward
|
United
States – State
|
2005
and forward
|
Canada
|
2004
and forward
|
Europe
|
2002
and forward
|
United
Kingdom
|
2007
and forward
|
Australia
|
2004
and forward
|
Three
Months Ended
|
Six
Months Ended
|
|||||||||||||||
March
31,
|
March
31,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
Sales
to external customers:
|
||||||||||||||||
Memorialization:
|
||||||||||||||||
Bronze
|
$ | 52,711 | $ | 60,948 | $ | 102,445 | $ | 115,114 | ||||||||
Casket
|
54,972 | 61,397 | 107,571 | 117,173 | ||||||||||||
Cremation
|
8,011 | 6,425 | 14,294 | 12,809 | ||||||||||||
115,694 | 128,770 | 224,310 | 245,096 | |||||||||||||
Brand
Solutions:
|
||||||||||||||||
Graphics Imaging
|
55,627 | 38,511 | 112,821 | 73,506 | ||||||||||||
Marking Products
|
9,517 | 14,911 | 21,102 | 29,618 | ||||||||||||
Merchandising
Solutions
|
16,524 | 15,635 | 30,415 | 31,955 | ||||||||||||
81,668 | 69,057 | 164,338 | 135,079 | |||||||||||||
$ | 197,362 | $ | 197,827 | $ | 388,648 | $ | 380,175 |
Operating
profit:
|
||||||||||||||||
Memorialization:
|
||||||||||||||||
Bronze
|
$ | 12,275 | $ | 16,918 | $ | 21,535 | $ | 29,887 | ||||||||
Casket
|
5,414 | 7,741 | 11,815 | 14,767 | ||||||||||||
Cremation
|
1,297 | 1,324 | 2,110 | 2,371 | ||||||||||||
18,986 | 25,983 | 35,460 | 47,025 | |||||||||||||
Brand
Solutions:
|
||||||||||||||||
Graphics Imaging
|
3,102 | 4,717 | 5,737 | 7,459 | ||||||||||||
Marking Products
|
374 | 2,282 | 1,045 | 3,708 | ||||||||||||
Merchandising
Solutions
|
977 | 1,410 | 1,276 | 2,978 | ||||||||||||
4,453 | 8,409 | 8,058 | 14,145 | |||||||||||||
$ | 23,439 | $ | 34,392 | $ | 43,518 | $ | 61,170 |
Cash
|
$ | 504 | ||
Trade
receivables
|
22,324 | |||
Inventory
|
11,500 | |||
Other
current assets
|
1,013 | |||
Property,
plant and equipment
|
68,493 | |||
Goodwill
|
56,254 | |||
Intangible
assets
|
14,287 | |||
Other
assets
|
3,581 | |||
Total
assets acquired
|
177,956 | |||
Trade
accounts payable
|
5,016 | |||
Debt
|
53,714 | |||
Other
liabilities
|
25,458 | |||
Minority
interest
|
2,520 | |||
Total
liabilities assumed
|
86,708 | |||
Net
assets acquired
|
$ | 91,248 |
Three
Months Ended
|
Six
Months Ended
|
|||||||||||||||
March
31,
|
March
31,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
Sales
|
$ | 197,362 | $ | 230,813 | $ | 388,648 | $ | 447,815 | ||||||||
Income
before income taxes
|
20,104 | 31,795 | 36,434 | 56,613 | ||||||||||||
Net
income
|
12,742 | 20,019 | 24,031 | 37,117 | ||||||||||||
Earnings
per share
|
$0.42 | $0.64 | $0.79 | $1.19 |
Graphics
|
Marking
|
Merchandising
|
||||||||||||||||||||||||||
Bronze
|
Casket
|
Cremation
|
Imaging
|
Products
|
Solutions
|
Consolidated
|
||||||||||||||||||||||
Balance
at
September
30, 2008
|
$ | 76,787 | $ | 121,437 | $ | 6,536 | $ | 136,154 | $ | 9,589 | $ | 9,138 | $ | 359,641 | ||||||||||||||
Additions
during period
|
- | - | 2,137 | 14,456 | - | - | 16,593 | |||||||||||||||||||||
Dispositions
|
- | - | - | - | - | - | - | |||||||||||||||||||||
Translation
and other adjustments
|
(1,703 | ) | - | 98 | (11,896 | ) | 6 | - | (13,495 | ) | ||||||||||||||||||
Balance
at March 31, 2009
|
$ | 75,084 | $ | 121,437 | $ | 8,771 | $ | 138,714 | $ | 9,595 | $ | 9,138 | $ | 362,739 |
Carrying
|
Accumulated
|
|||||||||||
Amount
|
Amortization
|
Net
|
||||||||||
March
31, 2009:
|
||||||||||||
Trade
names
|
$ | 23,791 | $ | - | * | $ | 23,791 | |||||
Trade
names
|
1,450 | (296 | ) | 1,154 | ||||||||
Customer
relationships
|
34,386 | (6,784 | ) | 27,602 | ||||||||
Copyrights/patents/other
|
7,325 | (4,753 | ) | 2,572 | ||||||||
$ | 66,952 | $ | (11,833 | ) | $ | 55,119 | ||||||
September
30, 2008:
|
||||||||||||
Trade
names
|
$ | 25,109 | $ | - | * | $ | 25,109 | |||||
Trade
names
|
2,822 | (145 | ) | 2,677 | ||||||||
Customer
relationships
|
34,477 | (5,720 | ) | 28,757 | ||||||||
Copyrights/patents/other
|
7,885 | (4,518 | ) | 3,367 | ||||||||
$ | 70,293 | $ | (10,383 | ) | $ | 59,910 | ||||||
*
Not subject to
amortization
|
Six
months ended
|
Years
ended
|
|||||||||||||||
March
31,
|
September
30,
|
|||||||||||||||
2009
|
2008
|
2008
|
2007
|
|||||||||||||
Sales
|
100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | ||||||||
Gross
profit
|
36.3 | % | 40.0 | % | 39.5 | % | 37.4 | % | ||||||||
Operating
profit
|
11.2 | % | 16.1 | % | 16.2 | % | 14.9 | % | ||||||||
Income
before taxes
|
9.4 | % | 15.1 | % | 14.9 | % | 13.8 | % | ||||||||
Net
income
|
6.2 | % | 9.9 | % | 9.7 | % | 8.6 | % |
Date
|
Initial
Amount
|
Fixed
Interest Rate
|
Interest
Rate Spread
at
March 31, 2008
|
Equal
Quarterly Payments
|
Maturity
Date
|
April
2004
|
$50
million
|
2.66%
|
.60%
|
$2.5
million
|
April
2009
|
September
2005
|
50
million
|
4.14
|
.60
|
3.3
million
|
April
2009
|
August
2007
|
15
million
|
5.07
|
.60
|
-
|
April
2009
|
August
2007
|
10
million
|
5.07
|
.60
|
-
|
April
2009
|
September
2007
|
25
million
|
4.77
|
.60
|
-
|
September
2012
|
May
2008
|
40
million
|
3.72
|
.60
|
-
|
September
2012
|
October
2008
|
20
million
|
3.21
|
.60
|
-
|
October
2010
|
October
2008
|
20
million
|
3.46
|
.60
|
-
|
October
2011
|
Payments
due in fiscal year:
|
||||||||||||||||||||
2009
|
After
|
|||||||||||||||||||
Total
|
Remainder
|
2010
to 2011
|
2012
to 2013
|
2013
|
||||||||||||||||
Contractual Cash
Obligations:
|
(Dollar
amounts in thousands)
|
|||||||||||||||||||
Revolving
credit facilities
|
$ | 212,248 | $ | 5,833 | $ | - | $ | 206,415 | $ | - | ||||||||||
Notes
payable to banks
|
34,643 | 3,070 | 13,142 | 13,758 | 4,673 | |||||||||||||||
Short-term
borrowings
|
3,174 | 3,174 | - | - | - | |||||||||||||||
Capital
lease obligations
|
8,697 | 1,625 | 5,641 | 1,431 | - | |||||||||||||||
Other
|
1,252 | 1,252 | - | - | - | |||||||||||||||
Non-cancelable
operating leases
|
20,907 | 3,706 | 10,466 | 5,263 | 1,472 | |||||||||||||||
Total
contractual cash obligations
|
$ | 280,921 | $ | 18,660 | $ | 29,249 | $ | 226,867 | $ | 6,145 |
Period
|
Total
number of shares purchased
|
Average
price paid per share
|
Total
number of shares purchased as part of a publicly announced
plan
|
Maximum
number of shares that may yet be purchased under the plan
|
||||||||||||
October
2008
|
295,000 | $ | 43.14 | 295,000 | 721,994 | |||||||||||
November
2008
|
40,266 | 35.45 | 40,266 | 681,728 | ||||||||||||
December
2008
|
45,000 | 37.64 | 45,000 | 636,728 | ||||||||||||
January
2009
|
10,000 |