N O T E 7 - C
a p i t a l S t r u c t u r e
The Company has two classes of capital
stock issued and outstanding, Common and Class A. These are equal in all
respects except voting rights and restrictions on ownership of Class A stock.
Each of the 22,850,804 shares of Common outstanding has one vote, while
each of the 4,725,000 outstanding shares of Class A is entitled to five
votes. Class A stock is convertible into Common stock on a share-for-share
basis at which time ownership restrictions are eliminated.
The Company repurchased Common stock shares for treasury as follows: 2000
- 24 shares at average cost of $25.95; 1999 - 1,137,901 shares at average
cost of $24.79; and 1998 - 112,363 shares at average cost of $30.14.
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Notes to
Consolidated Financial Statements
