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Income from operations for the fourth quarter of 2009 was $9.8 million, or an operating margin of 6.2 percent, versus operating income of $9.2 million in the prior year fourth quarter, or an operating margin of 6.3 percent.
Interest expense for the fourth quarter of 2009 increased to $4.8 million from $3.6 million in the fourth quarter of 2008. The increase in interest expense was largely due to the amortization of debt discount on the company’s second lien credit facility and an increase in the related amortization of deferred financing costs, as well as a higher weighted average interest rate on outstanding borrowings in the fourth quarter of 2009 compared to in the fourth quarter of 2008.
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