Outlook for interest expense
1Q 2006: Essentially debt free
- $2.5 million in net interest income compared to $700,000 of interest expense in 1Q 2005
2Q 2006: Returned to commercial paper market as result of recent share repurchases
- Interest expense will increase in 2nd and 3rd quarters
Expect to return to surplus cash position later in 2006
2006: Expect interest expense of $14-15 million