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Interest expense for the fourth quarter 2008 decreased to $3.6 million from $4.4 million in the fourth quarter 2007. The decrease in interest expense was due to a decrease in the LIBOR rate on which the company's floating rate debt is based.
The company's effective tax rate in the fourth quarter of 2008 was 35.1 percent.
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- Companies:
- American Apparel
- Places:
- Los Angeles
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