Company evaluates its goodwill for impairment on an annual basis 
based on values at the end of third quarter or whenever indicators of 
impairment exist. The Company has evaluated its goodwill for impair-
ment and has determined that the fair value of the reporting units 
exceeded their carrying value, so no impairment of goodwill was recog-
nized. Goodwill of approximately $192 million is shown on the 
consolidated balance sheet as of the end of fiscal 2003.
Management’s assumptions about future cash flows for the 
reporting units require significant judgment and actual cash flows in 
the future may differ significantly from those forecasted today. We 
believe our assumptions used in discounting future cash flows would 
have no impact on the reported carrying amount of goodwill. The esti-
mated future cash flow for any reporting unit could be reduced by 50% 
without decreasing the fair value to less than the carrying value.
The Company also determines the fair value of an indefinite 
lived trademark on an annual basis or whenever indication of impair -
ment exists. The Company has evaluated its trademark for impairment 
and has determined that the fair market value of the trademark 
exceeds its carrying value, so no impairment was recognized. The car-
rying value of the trademark was approximately $8 million at the end 
of fiscal 2003.