Change in effective tax rate

Sold MMS International in 3Q



• Pre-tax loss of $14.5 million and an after-tax benefit of $2.0 million, or 1 cent per diluted share
• Variance is result of previous book write-downs and receiving tax benefit after unit was sold
• Impact on effective tax rate
  • 3Q ‘02: Reduced to 34.9%
  • 4Q ‘02: Return to blended tax rate of 37.5%

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