7. Employee Benefit Plans
The Company has a defined contribution plan organized under Section 401(k) of the Internal Revenue Code covering substantially all employees. The plan allows all qualifying employees to contribute up to the tax deferred contribution limit allowable by the Internal Revenue Service. The Company will match 50% of the employee contributions up to a maximum employee contribution of 6% of the employee’s salary and may contribute additional amounts to the plan as determined annually by the Board of Directors. Employer contributions related to the plan totaled $976,000, $450,000, and $380,000 for the years ended September 30, 2001, 2000 and 1999, respectively.

The Company sponsors an Employee Stock Purchase Plan (ESPP) which offers all employees the election to purchase AIPC common stock at a price equal to 90% of the market value on the first or last day of the calendar quarter, whichever is less. At September 30, 2001, 2000, and 1999, authorized shares under this plan were 50,000.

8. Supplemental Cash Flow Information

9. Stock Repurchase Plan
On March 20, 2000, the Company’s Board of Directors authorized up to $25 million to implement a common stock repurchase program of up to one million shares during the next twelve months.

On July 14, 2000, the Company’s Board of Directors authorized an increase to its share repurchase programs to cover a total of 1.5 million shares, and allocated an additional $10 million to make these purchases.

During the years ended September 30, 2001 and 2000, the Company purchased 154,849 shares for $3,032,000, at $19.58 per share, and 1,500,000 shares, for approximately $31,336,000, at prices ranging from $16.57 to $25.94 per share. Total shares held in treasury as of September 30, 2001 and 2000, were 1,654,981 and 1,500,132, respectively.

10. Notes Receivable from Officers
In April 1997, certain officers of the Company acquired 42,366 shares of common stock. At the same time, the Company loaned these officers $298,000, of which $61,000 remains outstanding at September 30, 2001. The loans which were evidenced by promissory notes are payable in equal installments over three years commencing upon termination of certain transfer restrictions applicable to such shares under the Stockholders Agreement, not later than December 31, 1998. The notes are collateralized by the pledge of shares of common stock of the Company, may be prepaid in part or in full without notice or penalty and bear interest at the applicable federal rate in effect on the first day of each quarter. These loans are classified as a reduction to stockholders’ equity in the accompanying consolidated balance sheet at September 30, 2001 and 2000.