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 have 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 fourth quarter.
Inventories are principally raw materials.
The following table sets forth the Company s financial performance by segment. The Company has reflected certain investments in common stock which are included in the accompanying balance sheet in Other Assets, at fair value. No. 133, Accounting for Derivative Instruments and Hedging Activities on January 1, 2001. The Company continues to review its contracts and agreements for embedded derivatives. The Company has identified several interest rate swap agreements that are derivatives and which are expected to qualify as cash flow hedges under the new standard.