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These excerpts taken from the PBG 10-K filed Feb 27, 2008. Full
Service Vending Rationalization
On October 1, 2007, we adopted a Full Service Vending
(“FSV”) Rationalization plan, which we expect to
complete by the end of the second quarter of 2008, to
rationalize our vending asset base in our U.S. &
Canada segment by disposing older underperforming assets and
redeploying certain assets to higher return accounts.
Over the course of the FSV Rationalization plan, we will incur a
pre-tax charge of $30 to $35 million, the majority of which
is non-cash, including costs associated with the removal of
these assets from service, disposal costs and redeployment
expenses.
During the fourth quarter of 2007 we incurred a pre-tax charge
of approximately $23 million in connection with this
action. The pre-tax charge is recorded in selling, delivery and
administrative expenses.
Full Service Vending Rationalization On October 1, 2007, we adopted a Full Service Vending (“FSV”) Rationalization plan, which we expect to complete by the end of the second quarter of 2008, to rationalize our vending asset base in our U.S. & Canada segment by disposing older underperforming assets and redeploying certain assets to higher return accounts. Over the course of the FSV Rationalization plan, we will incur a pre-tax charge of $30 to $35 million, the majority of which is non-cash, including costs associated with the removal of these assets from service, disposal costs and redeployment expenses. During the fourth quarter of 2007 we incurred a pre-tax charge of approximately $23 million in connection with this action. The pre-tax charge is recorded in selling, delivery and administrative expenses. | EXCERPTS ON THIS PAGE:
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