Certain of the goodwill and intangible assets are denominated in currencies other than the U.S. dollar;therefore, their gross and net carrying values are subject to foreign currency movements.Intangible assets were as follows:(in thousands)as of September 30, 2009Gross CarryingValueAccumulatedAmortizationNet CarryingValueAmortized intangible assetsCustomer base ..................................... $165,915 $(109,059) $ 56,856Other ............................................. 35,037 (31,656) 3,381200,952 (140,715) 60,237Non-amortized intangible assetsManagement contracts ............................... 507,737 — 507,737Total ............................................. $708,689 $(140,715) $567,974(in thousands)as of September 30, 2008Gross CarryingValueAccumulatedAmortizationNet CarryingValueAmortized intangible assetsCustomer base ..................................... $165,953 $(100,301) $ 65,652Other ............................................. 35,030 (30,019) 5,011200,983 (130,320) 70,663Non-amortized intangible assetsManagement contracts ............................... 508,909 — 508,909Total ............................................. $709,892 $(130,320) $579,572The Company completed its most recent annual impairment tests of goodwill and indefinite-livedintangible assets during the quarter ended September 30, 2009 and determined that there was no impairmentin the value of these assets as of August 1, 2009. Additionally, no impairment loss in the value of goodwilland indefinite-lived intangible assets was recognized during fiscal years 2008 and 2007. No impairment lossin the value of intangible assets subject to amortization was recognized during fiscal years 2009, 2008 and2007 as the estimates of the undiscounted expected cash flows from these assets or their fair valuesexceeded the asset carrying values.Amortization expense related to definite-lived intangible assets was $10.4 million, $10.6 million and$11.5 million in fiscal years 2009, 2008 and 2007. The estimated remaining amortization expense related todefinite-lived intangible assets was as follows as of September 30, 2009:(in thousands)for the fiscal years ending September 30,Amount2010 .......................................................................... $10,4112011 .......................................................................... 10,3892012 .......................................................................... 8,9252013 .......................................................................... 8,7812014 .......................................................................... 8,781Thereafter ...................................................................... 12,950Total ...................................................................... $60,23794
Note 12 – DepositsThe Company does not hold deposits in its international offices. Deposits held in the Company’s U.S.offices were as follows:(in thousands)as of September 30, 2009 2008Non-interest-bearing demand deposits ...................................... $ 97,646 $118,137Interest-bearing demand deposits .......................................... 16,546 19,696Savings deposits ....................................................... 415,767 341,150Time deposits ......................................................... 134,621 91,296Total ............................................................ $664,580 $570,279Maturities of time certificates in amounts of $100,000 or more were as follows:(in thousands)as of September 30, 2009Amount3 months or less ................................................................. $ 2,939Over 3 months through 6 months .................................................... 1,033Over 6 months through 12 months ................................................... 404Over 12 months ................................................................. 6,142Total ...................................................................... $10,518Note 13 – DebtOutstanding debt consisted of the following:(dollars in thousands)as of September 30, 20092009 WeightedAverage Rate 20082008 WeightedAverage RateCurrentCommercial paper .......................... $ 64,156 0.27% $ 13,287 2.50%Banking/FinanceVariable funding notes ....................... — — 28,551 3.22%FHLB advances ............................ 57,000 2.94% 109,000 3.56%57,000 137,551Non-CurrentLong-term debt ............................. — — 118,433 1.97%Total Debt ................................ $121,156 $269,27195
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G A I N F R O M O U R P E R S P E C
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Letter to StockholdersGregory E. Jo
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LETTER TO STOCKHOLDERSHaving announ
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Directors and OfficersDirectorsChar
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Performance GraphThe following perf
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(MARK ONE)UNITED STATESSECURITIES A
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operational and other services requ
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A. Assets Under Management (“AUM
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60 days. If agreements representing
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Similar arrangements exist with the
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We generally operate our institutio
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Franklin Templeton Variable Insuran
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CATEGORY(and approximate amount of
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The following table sets forth the
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Korea; the Commission de Surveillan
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COMPETITIONThe financial services i
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or other efforts successfully stabi
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and, consequently, we are incurring
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such as information, systems and te
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like our business, is based in part
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orrowing costs and limit our access
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director of various subsidiaries of
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PART IIItem 5. Market for Registran
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OverviewWe are a global investment
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Net income decreased in fiscal year
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Investment Management Fee RateThe f
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- Page 132 and 133: Exhibit No.Description10.22 Amendme
- Page 134 and 135: (dollars in thousands)COMPUTATION O
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