51 Notes to Consolidated Financial Statements Franklin Covey 2000 Annual Report Non-Cash Investing and Financing Activities In connection with the acquisition of DayTracker.com in December 1999 (Note 21), the Company issued $6.0 million of notes payable. The notes payable are due and payable in annual installments through December 2001 (Note 6). During fiscal 2000, the Company sold 121,250 shares of its common stock to the former CEO of the Company in consideration for a $0.9 million promissory note. At August 31, 2000 and 1999, the Company had  accrued $0.7 million and $15.9 million, respectively,  for earnout payments in connection with the acquisition of certain entities. As of August 31, 2000 and 1999, the Company had accrued $2.0 million and $1.9 million of Preferred Stock dividends. Subsequent to August 31, 2000, the Company paid the $2.0 million accrued dividend with cash. The accrued dividend at August 31, 1999 was paid during fiscal 2000 with additional shares of Preferred Stock. During fiscal 1999, the Company financed the acquisition of certain software licenses with a note payable to the software vendor for $5.9 million. During fiscal 1999, the Company aligned its operations into the following three operating segments or Strategic Business Units (“SBUs”): 19. SEGMENT INFORMATION Reportable Segments • Consumer Products • Training and Education • International Each reportable segment is an operating division of the Company that has an executive vice-president who reports directly to the Company’s Chief Executive Officer. The various corporate support departments are operated by an executive vice-president who also reports directly to the CEO. The Company accounts for its segment information on the same basis as the accom- panying consolidated financial statements. Although the Company is currently in the process of restructuring its operations, and expects to report segment data under the new structure in fiscal 2001, the above SBUs remain the primary management measure- ment tool until the new reporting structure is completed and implemented. The consumer products SBU is responsible for distribution of the Company’s products through retail stores, catalog sales, mass markets, government channels, wholesale channels (including contract stationers), and the Internet. The training and education SBU, which includes Premier Agendas and the Personal Coaching division, is responsible for training, consulting and implementation services, and delivery of products to corporations, business, government, and educational institutions. The international SBU is responsible for the delivery of both products and services outside the United States. The “All Others” group consists primarily of the commercial sales of Publishers Press, which was sold in fiscal 2000, and the Institute of Fitness, which was sold during fiscal 1998. Intersegment sales consist primarily of paper planner sales from Publishers Press to the related Franklin Covey entities, which prepare and package the planners for sale to external customers. Corporate expenses consist primarily of essential internal support services such as finance, legal, information systems, and manufacturing and distribution and are allocated to  the operational SBUs.