As of March 31, 2007, we employed 1,177 persons, of whom
558 were employed by our Business Information Division, 482 were
employed by APC in our mortgage default processing operations,
89 were employed by Counsel Press in our appellate services
operations and 48 served in executive or administrative
capacities. Three unions represent 18 employees, or 9% and 24%
of our employees, at our Minneapolis, Minnesota, and Baltimore,
Maryland, printing facilities, respectively. We believe we have
a good relationship with our employees.
Legal
Proceedings
We are from time to time involved in ordinary, routine
litigation incidental to our normal course of business, none of
which we believe to be material to our financial condition or
results of operations.
Properties
Our executive offices are located in Minneapolis, Minnesota,
where we lease approximately 13,500 square feet under a
lease terminating in March 2014. We lease 25 other office
facilities in 14 states for our Business Information
Division under leases that terminate on various dates between
June 2007 and February 2016. We also own our print facility in
Minneapolis, Minnesota, and we lease print facilities in
Baltimore, Maryland, and Oklahoma City, Oklahoma, under leases
that terminate in June 2008 and July 2010, respectively. Counsel
Press leases eight offices under leases terminating on various
dates between June 2007 and December 2011. APC currently
sub-leases
approximately 19,000 square feet in suburban Detroit,
Michigan, from Trott & Trott for $19.42 per square
foot under a lease terminating August 31, 2007, and
sub-leases
2,797 square feet from Wolverine I, Inc., an affiliate
of Feiwell & Hannoy, in Indianapolis, Indiana, under a
sublease that terminates on March 23, 2008. Commencing on
April 1, 2007, APC began leasing approximately
25,000 square feet in suburban Detroit, Michigan, from
NW13, LLC, a limited liability company in which Mr. Trott
owns 75% of the membership interests, at a rate of
$10.50 per square foot, triple net, which lease expires on
March 31, 2012. Our Michigan Lawyers Weekly publishing unit
also leases office space from NW13, LLC, consisting of
approximately 5,000 square feet at a rate of
$10.50 per square foot, pursuant to a lease expiring on
March 31, 2012.
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