Ken Joyce
Ken Joyce
happens
We'll see what happens when (Martin) comes back.
associated charge continue designed employee expect expenses goal improving included increase intend million process program reduce reducing reduction savings seek separation support yield
As we seek to increase profitability, we are undertaking a comprehensive program designed to streamline our corporate-wide support organization and reduce SG&A costs. Fourth-quarter SG&A expenses included a charge of $3.3 million associated with employee reduction and separation expenses, which we expect to yield annualized savings of around $8 million. We intend to continue this process during 2006 with the goal of not only reducing costs, but also improving operational effectiveness.
forth head
I went back and forth with it in my head for a while before I made the decision.
charlie gets guys might poe
If these guys keep it up, Charlie Poe might be the one that gets promoted.
aggregate amount available based believe business cash currently due enhanced face february financial flow forecasts improved march market maturity million notes open principal purchased quarter remaining resources retire satisfy senior sufficient together value
We believe that these initiatives, together with improved cash flow from business operations, have enhanced our financial flexibility. We currently have sufficient resources to retire the remaining '06 convertible notes at maturity and based on current forecasts we believe we will have sufficient liquidity available to satisfy the $146 million of 5% convertible notes due March 2007. As previously announced, during the first quarter of 2006 we purchased in the open market $30 million face value of our outstanding $471 million aggregate principal amount of 9.25% Senior notes due February 2008.