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Income from operations for 2009 was $24.4 million, or an operating margin of 4.4 percent, versus income from operations of $36.1 million for 2008, or an operating margin of 6.6 percent.
Interest expense for 2009 increased to $22.6 million from $13.9 million for 2009. The increase in interest expense was largely due 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 for 2009 as compared to for 2008.
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