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When the net income percentage is computed for several years, an increasing percentage of cash flows provided by net income generally indicates an increase in the quality of the cash flows. The decrease in net income percentage in the fourth quarter of 2007 was primarily due to a decline in operating margin for the period as described above plus a non-recurring charge in the fourth quarter of 2007 related to the write-off of a potential acquisition of $1. The increase in net income percentage in the third quarter of 2007 was primarily due to a reduction in interest expense as a percentage of consolidated net revenue in the third quarter of 2007 as compared to the third quarter of 2006. |
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