Philip Maslowe , chief financial officer of the preschool and child care company , said the buyback " offered an opportunity to reduce the company 's weighted average interest costs and improve future cash flows and earnings . "
<response> <person>Philip Maslowe</person> , chief financial officer of the preschool and child care company , said the buyback " offered an opportunity to reduce the company 's weighted average interest costs and improve future cash flows and earnings . " </response>