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These excerpts taken from the PBI 10-K filed Feb 26, 2009. Minority interest (preferred stock dividends of subsidiaries)
Minority interest includes dividends paid to preferred stockholders in subsidiary companies. In August 2008, we redeemed 100% of the outstanding Cumulative Preferred Stock issued previously by a subsidiary company for $10 million. This redemption resulted in a net loss of $1.8 million accounting for the year over year increase. Discontinued operations
Net loss in 2008 includes accruals of tax and interest on uncertain tax positions. 2007 includes a gain of $11.3 million from uncertain tax positions, net of an interest accrual for uncertain tax positions of $5.8 million. See Note 2 to the Consolidated Financial Statements for further discussion and details of discontinued operations. 15 Minority interest (preferred stock dividends of subsidiaries)
Minority interest includes dividends paid to preferred stockholders in subsidiary companies. Minority interest increased by $5 million compared with the prior year, primarily due to an increase in the average outstanding preferred shares and a higher weighted average dividend rate. Discontinued operations
Net income in 2007 includes a gain of $11.3 million from the conclusion of certain tax issues net of an interest accrual for uncertain tax positions of $5.8 million. In 2006, we completed the sale of our Capital Services external financing business and our Imagistics lease portfolio. See Note 2 to the Consolidated Financial Statements for further discussion and details of discontinued operations. This excerpt taken from the PBI 10-Q filed Nov 7, 2008. Minority interest (preferred stock dividends of subsidiaries) The following table details dividends paid to preferred stockholders for the nine months ended September 30, 2008 and 2007:
In August 2008, we redeemed 100% of the outstanding Cumulative Preferred Stock issued previously by a subsidiary company for $10 million. This redemption resulted in a net expense of $1.8 million. Discontinued operations The following table details the components of discontinued operations for the nine months ended September 30, 2008 and 2007:
Net loss for the nine months ended September 30, 2008 and 2007 relates to the accrual of interest on uncertain tax positions. This excerpt taken from the PBI 10-Q filed Aug 7, 2008. Minority interest (preferred stock dividends of subsidiaries) The following table details dividends paid to preferred stockholders for the six months ended June 30, 2008 and 2007:
Discontinued operations The following table details the components of discontinued operations for the six months ended June 30, 2008 and 2007:
Net loss for the six months ended June 30, 2008 and 2007 relates to the accrual of interest on uncertain tax positions. This excerpt taken from the PBI 10-Q filed May 8, 2008. Minority Interest (Preferred Stock Dividends of Subsidiaries) The following table details dividends paid to preferred stockholders for the three months ended March 31, 2008 and 2007:
Discontinued Operations The following table details the components of discontinued operations for the three months ended March 31, 2008 and 2007:
Net loss for the three months ended March 31, 2008 and 2007 relates to the accrual of interest on uncertain tax positions associated with our former Capital Services business. | EXCERPTS ON THIS PAGE:
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