Purchase price was allocated to the assets acquired based on preliminary appraisals of estimated fair values. Such estimated values may change as the appraisals are finalized and more facts become known. Certain Spartan items has been reclassified to conform with Media General s presentation. Go To Table Concurrent with the Spartan acquisition, the Company entered into several new interest rate swap agreements as part of an overall risk management strategy. The program has continued in the third quarter.
Inventories are principally raw materials.
The following table sets forth the Company s financial performance by segment. GSP has been reclassified to discontinued operations, and accordingly, has been excluded from this note due to its pending sale. The groups are located in South Carolina and Alabama.