| DJO Incorporated Announces Financial Results for Fourth Quarter and . (9ยบ)
Fiscal Year 2007 24/03/2008 11:35:00 Business Wire (4) Includes the impact of changes in methodologies used to estimate accounts receivable reserves, primarily in connection with the DJO Merger.
(5) Primarily includes income related to fluctuations in foreign currency.
(c) Other adjustment items are comprised of the following: Transaction expenses (6) $ 9,712 Minority interest 415 Pre-acquisition EBITDA (7) 106,561 Other (28) --------- Subtotal other items 116,660 Cost savings (8) 66,673 --------- Total other items $183,333 ========= ------------------------------- (6) Includes $4.8 million of expense related to the termination of interest rate swaps in connection with refinancing DJOFL s debt in connection with the DJO Merger, $3.0 million for monitoring fees paid to Blackstone and $1.9 million related to other merger and acquisition activities.
Jail Authority Reviews $7.3 Million Budget
The multi-county jail authority will decide on a $7.3 million operating budget proposal for Two Bridges Regional Jail for fiscal year 2008-2009 when it meets Thurs., March 27, following a finance committee review this week.
New corrections administrator Col. Leonard LeGrand presented his budget to the jail authority for the first time last Wed., March 5, based on a daily inmate population, for the coming year, of 150. This prediction represents a 36 percent increase over the current daily 110 daily inmate population count.
The finance committee made a resolution Tuesday afternoon instructing LeGrand to revise the budget so that Lincoln and Sagadahoc County assessment will be only two percent above the current total $6.2 million operating budget, add $200,000 from surplus as revenue and increasing estimates for boarding revenue.
Fitch Rates Memphis-Shelby County Airport Auth (Tennessee) $90MM Ref'dg Revs 'A+'; Outlook Stable
Fitch Ratings assigns an 'A+' rating to the Memphis-Shelby County Airport Authority, Tennessee's (the authority) approximately $90 million airport refunding revenue bonds, series 2008A. Fitch also affirms its 'A+' rating on the authority's approximately $526.8 million of outstanding general airport revenue bonds (GARBs). The Rating Outlook is revised from Negative to Stable. The series 2008A bonds are scheduled for negotiated sale during the week of March 24. Proceeds from the issuance will refund all of the authority's outstanding series 1999A and 1999B variable-rate demand debt. The bonds are secured by the net revenues generated by the operation of Memphis International Airport (the airport). Fitch's 'A+' rating reflects the airport's central geographic location and its unique dual-purpose hub operations with the presence of Northwest Airlines (Northwest) and Federal Express Corp.
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