Thrifty Car Rental 2007 Annual Report Download - page 68

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The changes in the carrying amount of goodwill for the years ended December 31, 2007 and 2006,
are as follows:
2007 2006
Beginning balance 280,103$ 280,122$
Goodwill through acquisitions during the year 147 -$
Effect of change in rates used for
foreign currency translation 1,174 (19)
Ending balance 281,424$ 280,103$
December 31,
(In Thousands)
10. DEBT AND OTHER OBLIGATIONS
Vehicle debt and obligations consist of the following (in thousands):
2007 2006
V
ehicle debt and other obligations
Asset backed medium term notes
2007 Series notes 500,000$ -$
2006 Series notes 600,000 600,000
2005 Series notes 400,000 400,000
2004 Series notes 500,000 500,000
2003 Series notes - 312,500
2,000,000 1,812,500
Discounts on asset backed medium term notes (23) (32)
Asset backed medium term notes, net of discount 1,999,977 1,812,468
Conduit Facility 12,000 425,000
Commercial paper, net of discount of $131 and $1,305 25,851 178,951
Other vehicle debt 234,472 220,735
Limited partner interest in limited partnership 135,512 107,130
Total vehicle debt and other obligations 2,407,812 2,744,284
Non-vehicle debt
Term Loan 248,750 -
Total non-vehicle debt 248,750 -
Total debt and other obligations 2,656,562$ 2,744,284$
December 31,
Asset Backed Medium Term Notes are comprised of rental car asset backed medium term notes
issued by RCFC in May 2007 (the “2007 Series notes”), March 2006 (the “2006 Series notes”), April
2005 (the “2005 Series notes”), May 2004 (the “2004 Series notes”) and March 2003 (the “2003
Series notes”).
The 2007 Series notes are floating rate notes that were converted to a fixed rate of 5.16% by
entering into interest rate swap agreements (Note 11) in conjunction with the issuance of the notes.
The 2006 Series notes are floating rate notes that were converted to a fixed rate of 5.27% by
entering into interest rate swap agreements (Note 11) in conjunction with the issuance of the notes.
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