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2 MB
Extraction Summary
1
People
5
Organizations
1
Locations
4
Events
3
Relationships
3
Quotes
Document Information
Type:
Financial report / due diligence schedule
File Size:
2 MB
Summary
This document is a financial schedule (Page 80) titled 'KLC Consolidated' showing Pro Forma EBITDA adjustments for 2004 and 2005. It details costs associated with the acquisitions of AER and KinderCare, specifically focusing on restructuring charges ($29.4M in 2005), severance pay for closing the Golden, CO office, and 'parallel organization costs' of running duplicative infrastructures. It also notes a $7.8 million payment to KLC's departing CEO in 2006 and bears a House Oversight Bates stamp.
People (1)
| Name | Role | Context |
|---|---|---|
| Unknown | Chief Executive Officer |
KLC's CEO who departed in 2006, receiving a $7.8 million SARs payment.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| KLC Consolidated |
Knowledge Learning Corporation, the primary entity being analyzed.
|
|
| KinderCare |
Company acquired by KLC, leading to integration and restructuring costs.
|
|
| AER |
Company acquired by KLC in May 2003.
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|
| KSI |
Entity responsible for the Stock Appreciation Rights Plan (SAR).
|
|
| House Oversight Committee |
Source of the document via Bates stamp.
|
Locations (1)
| Location | Context |
|---|---|
|
Location of KLC's former corporate offices which were closed.
|
Relationships (3)
References to 'KinderCare acquisition' and integration costs.
References to 'acquisition of AER in May 2003'.
KSI's Stock Appreciation Rights Plan attributed to KLC's employees.
Key Quotes (3)
"Included in the $29.4 million of non-recurring integration costs were $11.0 million of severance costs that resulted primarily from the closure of KLC's former corporate offices at Golden, CO."Source
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Quote #1
"$7.8 million has been paid pursuant to SARs in connection with the departure of KLC's chief executive officer in 2006."Source
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Quote #2
"For much of 2005 KLC was burdened with the central operations and infrastructure of both KinderCare and KLC."Source
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Quote #3
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