CREE » Topics » Goodwill

This excerpt taken from the CREE 10-Q filed Apr 22, 2009.

Goodwill

Goodwill increased from approximately $244.0 million at June 29, 2008 to approximately $248.5 million at March 29, 2009 due primarily to the contingent consideration payment related to the acquisition of LLF.

This excerpt taken from the CREE 10-Q filed Jan 21, 2009.

Goodwill

Goodwill increased from approximately $244.0 million at June 29, 2008 to approximately $248.4 million at December 28, 2008 due primarily to the accrued contingent consideration payment related to the acquisition of LLF.

This excerpt taken from the CREE 10-Q filed Oct 23, 2008.

Goodwill

There were no changes in goodwill during the three months ended September 28, 2008.

This excerpt taken from the CREE 10-K filed Aug 20, 2008.

Goodwill

Goodwill increased from approximately $141.8 million at June 24, 2007 to approximately $244.0 million at June 29, 2008 due primarily to additions related to the acquisition of LLF, accrued contingent consideration payment related to the acquisition of COTCO, and miscellaneous purchase price adjustments related to the acquisitions of COTCO and INTRINSIC.

This excerpt taken from the CREE 10-Q filed Apr 24, 2008.

Goodwill

The changes in goodwill during the nine months ended March 30, 2008 are as follows:

 

Balance at June 24, 2007

   $ 141,777  

Addition due to the acquisition of LLF

     40,115  

Adjustments to goodwill primarily related the release of restructuring reserves established as part the acquisition of INTRINSIC

     (312 )

Adjustments to goodwill principally relating to the estimated fair value of certain tax contingency reserves and other working capital fair value adjustments related to the acquisition of COTCO

     6,293  
        

Balance at March 30, 2008

   $ 187,873  
        

 

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This excerpt taken from the CREE 10-K filed Aug 22, 2007.

Goodwill

Goodwill is accounted for in accordance with Statement of Financial Accounting Standards No. 142, “Goodwill and Other Intangible Assets” (“SFAS 142”). Goodwill is recorded when the purchase price of an acquisition exceeds the estimated fair value of the net identified tangible and intangible assets acquired. Goodwill is not amortized; however, it is reviewed annually for impairment in accordance with the provisions of SFAS 142, which requires the use of estimates and judgments, at the reporting unit level. A reporting unit is the operating segment, or business one level below that operating segment. The Company performs its annual impairment review using a fair value approach.

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