Windstream 2008 Annual Report Download - page 82
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(K) During 2006, the Company incurred $26.8 million of incremental costs, principally consisting of rebranding
costs, consulting and legal fees, and system conversion costs related to the spin off of the Alltel wireline
telecommunication business and merger with Valor. These costs do not include a $0.8 million non-cash
charge related to the accelerated vesting of employees’ Alltel restricted stock, which was recorded against
paid-in capital. Windstream also incurred $10.6 million in restructuring charges, which consisted of
severance and employee benefit costs related to a workforce reduction, and $11.2 million in investment
banker, audit and legal fees associated with the announced split off of its directory publishing business.
(L) Valor integration charges included in goodwill in the amount of $17.8 million consisted primarily of
severance and lease termination penalties.
(M) Includes cash outlays of $28.4 million for merger, integration and restructuring costs charged to expense, and
$9.1 million in cash outlays for Valor integration charged to goodwill.
See Note 10, “Merger, Integration and Restructuring Charges”, to the consolidated financial statements on pages F-71
to F-72 in the Financial Supplement, which is incorporated herein by reference, for additional information regarding
the merger, integration and restructuring charges recorded by the Company in 2008, 2007 and 2006.
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