Question-and-Answer Session
Operator
Are you ready for questions at this time?
Rick Smith
We are.
Operator
(Operator Instructions). And we'll go to the line of Nat Otis with KBW. Please go ahead.
Nat Otis - KBW
Good morning gentlemen.
Rick Smith
Good morning.
Nat Otis - KBW
Just a couple of quick questions. First, with respect to your '07 guidance, I just wanted to check and see what your share repurchase expectations are that go on with that?
Lee Adrean
Our current expectation is that we will use our available free cash flow for share repurchase. We did not anticipate meaningful further debt reduction from these levels and that would suggest something that's in excess of $200 million likely in share repurchase. I would note, we do expect as Rick mentioned, capital expenditures will be higher in 2007 than 2006. So, that those factor into the level of free cash flow we'll have, but we'd expect something in excess of $200 million based on current operating plans.
Nat Otis - KBW
Okay, great. And you don't have any expectations for any future charges associated with realignment. That was just this quarter, correct?
Rick Smith
Well, I hate to say never.
Nat Otis - KBW
Okay.
Rick Smith
We're always looking at ways to optimize organizational structure. This was especially around driving -- as we talked before Nat, around driving growth. Driving efficiency and growth, and alignment on our customers. We weren't aligned around the customers needs. But you will always be looking for other ways to optimize efficiency and effectiveness. So, there is nothing contemplated at this point in time. I don't want to mislead you, but I would never want to say that we will never look at reorganizing our company going forward.
Nat Otis - KBW
Okay, thank you. And just last question. Any color on the settlement services business as you go into '07, any type of expectations, or how that's going?
Rick Smith
Yes, it's gaining momentum. We've got leadership in place, got an operating model in place, got the plan in place, we are aligning new customers and we added three or four new customers as we exited 2006 fourth quarter. And I was bullish when we created this venture that it would be another way for us to get to different (inaudible) limit, along with value chain of the mortgage market and I am as bullish today as I was then.
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