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2.83 MB
Extraction Summary
1
People
5
Organizations
0
Locations
3
Events
2
Relationships
4
Quotes
Document Information
Type:
Financial report / management discussion and analysis (md&a)
File Size:
2.83 MB
Summary
This document is page 75 of a financial report detailing the 'Management's Discussion and Analysis' of KLC's operations following its January 2005 acquisition of KinderCare. It outlines significant financial restructuring, including the assumption of over $1 billion in various debts (term, bridge, mortgage, and mezzanine) and a 'Real Estate Transaction' in November 2005 that split the company into operating (OpCo) and property (PropCo) entities. The text explains the non-standard (pro forma) accounting methods used to present these results, noting they do not strictly conform to SEC Regulation S-X Article 11.
People (1)
| Name | Role | Context |
|---|---|---|
| Management | Executives of KLC |
Refers to the collective management team providing the analysis and views on the business division.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| KLC |
The acquiring company (Knowledge Learning Corporation).
|
|
| KinderCare |
The company acquired by KLC in January 2005.
|
|
| KLC PropCo |
Special purpose subsidiaries holding real estate assets.
|
|
| KLC OpCo |
Subsidiaries holding customer contracts and operations.
|
|
| SEC |
Securities and Exchange Commission, referenced regarding regulations S-X, S-K, and G.
|
Timeline (3 events)
November 2005
Relationships (2)
In January 2005, KLC acquired KinderCare
KLC PropCo leased its owned centers back to KLC OpCo
Key Quotes (4)
"In January 2005, KLC acquired KinderCare and incurred $540 million of term debt"Source
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Quote #1
"Management believes that this division represents the best way to analyze the business going forward."Source
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Quote #2
"The discussion below presents the pro forma results of consolidated KLC (KLC OpCo and KLC PropCo) as if the KinderCare acquisition and the Real Estate Transaction occurred on January 1, 2004."Source
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Quote #3
"Our pro forma results for KLC were not prepared in conformity with Article 11 of Regulation S-X of the SEC"Source
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Quote #4
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