['Lorillard', 'Corporation', 'was', 'acquired', 'in', 'November', '1968,', 'and', 'liquidated', 'and', 'merged', 'into', 'the', 'Company', 'in', 'July', '1969.', 'The', 'cost', 'in', 'excess', 'of', 'net', 'assets', 'acquired', 'and', 'trademarks', 'related', 'to', 'the', 'acquisition', 'are', 'being', 'amortized', 'over', 'periods', 'ending', '1992', 'through', '2001.', '2.', 'Related', 'Parties', 'Affiliated', 'companies', 'provided', 'administrative', 'services', 'for', 'operations', 'during', 'the', 'years', 'ended', 'December', '31,', '1987,', '1986', 'and', '1985', 'for', 'which', 'the', 'Company', 'paid', '$19,160,000,', '$19,740,000', 'and', '$15,685,000,', 'respectively.', 'See', 'Note', '7', 'for', 'information', 'regarding', 'a', 'tax', 'allocation', 'agreement', 'with', 'Loews.', '3.', 'Property,', 'Plant', 'and', 'Equipment', '-', 'net', 'December', '31', '1987', '1986', '{In', 'thousands)', 'Land.', 'cc', 'cccccccnnccccercescccnceereacsces', '§', '1,414', '§', '1,467', 'Buildings', 'and', 'building', 'equipment........', '48,231', '48,107', 'Machinery', 'and', 'equipment...............0.', '157,243', '149,525', 'Total,', 'at', 'COSC...', 'ccccccenescceccsces', '206,888', '199,099', 'Less', 'accumulated', 'depreciation', 'and', 'amortization.......', 'Te', 'Tree', 'rere', 'eT', 'ore', '98,471', '91,228', 'Property,', 'plant', 'and', 'equipment', '-', 'net', '$108,417', '$107,871', 'Depreciation', 'and', 'amortization', 'expense', 'includes', 'amounts', 'related', 'to', 'intangible', 'assets', 'of', '$9,834,000,', '$10,348,000', 'and', '$13,235,000', 'for', 'the', 'years', 'ended', 'December', '31,', '1987,', '1986', 'and', '1985,', 'respectively.', 'In', '1985,', 'the', 'Company', 'consolidated', 'its', 'cigarette', 'manufacturing', 'operations', 'by', 'closing', 'one', 'of', 'its', 'plants,', 'resulting', 'in', 'a', 'pre-tax', 'charge', 'to', 'income', 'of', '$44,578,000.', 'This', 'charge', 'consisted', 'of', 'labor', 'termination', 'and', 'training', 'costs,', 'write-off', 'of', 'certain', 'plant', 'assets', 'and', 'moving', 'costs.', '4.', 'Short-Term', 'Debt', 'As', 'of', 'December', '31,', '1987,', 'unused', 'lines', 'of', 'credit', 'available', 'for', 'short-term', 'borrowings', 'at', 'the', 'prime', 'interest', 'rate', '(8.75%', 'at', 'December', '31,', '1987)', 'aggregated', 'approximately', '$46,500,000.', 'Certain', 'lines', 'of', 'credit', 'are', 'subject', 'to', 'compensating', 'balances', 'ranging', 'up', 'to', '5%.', 'Balances', 'maintained', 'by', 'the', 'Company', 'with', 'various', 'banks', 'that', 'also', 'extend', 'credit', 'to', 'the', 'Company', 'may', 'be', 'withdrawn', 'at', 'any', 'time', 'and', 'are', 'not', 'material', 'in', 'relation', 'to', 'the', 'consolidated', 'liquid', 'assets', 'of', 'the', 'Company.', 'LPSLSGLLS', '14']