beatandraise : SEC Filings Research with AI

beatandraise.com

1.0.0.3 false Subsequent Events. false 1 $ false false iso4217_USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 iso4217_USD_per_shares Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares 0 shares Standard http://www.xbrl.org/2003/instance shares 0 5 Subsequent Events. 3 us-gaap_ScheduleOfSubsequentEventsTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <div> 27.    Subsequent Events.   Settlement with DFS.    On February 11, 2010, the Company and DFS entered into an agreement in which each party released the other party from claims related to the sharing of proceeds from the lawsuit against Visa and MasterCard. In addition, the Company and DFS entered into an agreement to provide that payments made by DFS to the Company in satisfaction of its obligations under the special dividend declared by DFS in June 2007, shall not exceed $775 million. Also on February 11, 2010, DFS paid the Company $775 million in complete satisfaction of its obligations to the Company under the special dividend. The payment will be included in discontinued operations in the Company’s condensed consolidated statement of income for the first quarter of 2010.   Common Dividend.    On January 20, 2010, the Company announced that its Board of Directors declared a quarterly dividend per common share of $0.05. The dividend is payable on February 12, 2010 to common shareholders of record on January 29, 2010.   The Company has evaluated its subsequent events through the filing date of this Form 10-K Report. </div> 27.    Subsequent Events.   Settlement with DFS.    On February 11, 2010, the Company and DFS entered into an false false No definition available. No authoritative reference available. false false 1 1 false UnKnown UnKnown UnKnown false true