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FL » Topics » Business Combinations

These excerpts taken from the FL 10-K filed Mar 30, 2009.

Business Combinations

     The Company accounts for acquisitions of other businesses in accordance with SFAS No. 141, “Business Combinations” (“SFAS No. 141”). SFAS No. 141 requires that the Company record the net assets of acquired businesses at fair value, and make estimates and assumptions to determine the fair value of these acquired assets and liabilities. The Company allocates the purchase price of acquired businesses based, in part, upon internal estimates of cash flows and considering the report of a third-party valuation expert retained to assist the Company. Changes to the assumptions used to estimate the fair value could affect the recorded amounts of the assets acquired and the resultant goodwill.

Business
Combinations


     The
Company accounts for acquisitions of other businesses in accordance with SFAS
No. 141, “Business Combinations” (“SFAS No. 141”). SFAS No. 141 requires that
the Company record the net assets of acquired businesses at fair value, and make
estimates and assumptions to determine the fair value of these acquired assets
and liabilities. The Company allocates the purchase price of acquired businesses
based, in part, upon internal estimates of cash flows and considering the report
of a third-party valuation expert retained to assist the Company. Changes to the
assumptions used to estimate the fair value could affect the recorded amounts of
the assets acquired and the resultant goodwill.


Business
Combinations


     The
Company accounts for acquisitions of other businesses in accordance with SFAS
No. 141, “Business Combinations” (“SFAS No. 141”). SFAS No. 141 requires that
the Company record the net assets of acquired businesses at fair value, and make
estimates and assumptions to determine the fair value of these acquired assets
and liabilities. The Company allocates the purchase price of acquired businesses
based, in part, upon internal estimates of cash flows and considering the report
of a third-party valuation expert retained to assist the Company. Changes to the
assumptions used to estimate the fair value could affect the recorded amounts of
the assets acquired and the resultant goodwill.


This excerpt taken from the FL 10-K filed Mar 29, 2005.

Business Combinations

The Company accounts for acquisitions of other businesses in accordance with SFAS No. 141, “Business Combinations” (“SFAS 141”). SFAS 141 requires that the Company record the net assets of acquired businesses at fair value, and make estimates and assumptions to determine the fair value of these acquired assets and liabilities. The Company allocates the purchase price of acquired businesses based, in part, upon internal estimates of cash flows, recoverability and independent appraisals. Changes to the assumptions used to estimate the fair value could impact the recorded amounts of the assets acquired and the resultant goodwill.

EXCERPTS ON THIS PAGE:

10-K (3 sections)
Mar 30, 2009
10-K
Mar 29, 2005

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