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These excerpts taken from the HBI 10-K filed Feb 19, 2008. Assets
and Liabilities Acquired in Business Combinations
We account for business acquisitions using the purchase method,
which requires us to allocate the cost of an acquired business
to the acquired assets and liabilities based on their estimated
fair values at the acquisition date. We recognize the excess of
an acquired business’s cost over the fair value of acquired
assets and liabilities as goodwill as discussed below under
“Goodwill.” We use a variety of information sources to
determine the fair value of acquired assets and liabilities. We
generally use third-party appraisers to determine the fair value
and lives of property and identifiable intangibles, consulting
actuaries to determine the fair value of obligations associated
with defined benefit pension plans, and legal counsel to assess
obligations associated with legal and environmental claims.
Table of Contents
Assets and Liabilities Acquired in Business Combinations We account for business acquisitions using the purchase method, which requires us to allocate the cost of an acquired business to the acquired assets and liabilities based on their estimated fair values at the acquisition date. We recognize the excess of an acquired business’s cost over the fair value of acquired assets and liabilities as goodwill as discussed below under “Goodwill.” We use a variety of information sources to determine the fair value of acquired assets and liabilities. We generally use third-party appraisers to determine the fair value and lives of property and identifiable intangibles, consulting actuaries to determine the fair value of obligations associated with defined benefit pension plans, and legal counsel to assess obligations associated with legal and environmental claims.
Table of ContentsThis excerpt taken from the HBI 8-K filed Nov 29, 2006. Assets
and Liabilities Acquired in Business Combinations
We account for business acquisitions using the purchase method,
which requires us to allocate the cost of an acquired business
to the acquired assets and liabilities based on their estimated
fair values at the acquisition date. We recognize the excess of
an acquired business’s cost over the fair value of acquired
assets and liabilities as goodwill as discussed below under
“Goodwill.” We use a variety of information sources to
determine the fair value of acquired assets and liabilities. We
use third-party appraisers to determine the fair value and lives
of property and identifiable intangibles, consulting actuaries
to determine the fair value of obligations associated with
defined benefit pension plans, and legal counsel to assess
obligations associated with legal and environmental claims.
This excerpt taken from the HBI 10-K filed Sep 28, 2006. Assets
and Liabilities Acquired in Business Combinations
We account for business acquisitions using the purchase method,
which requires us to allocate the cost of an acquired business
to the acquired assets and liabilities based on their estimated
fair values at the acquisition date. We recognize the excess of
an acquired business’s cost over the fair value of acquired
assets and liabilities as goodwill as discussed below under
“Goodwill.” We use a variety of information sources to
determine the fair value of acquired assets and liabilities. We
use third-party appraisers to determine the fair value and lives
of property and identifiable intangibles, consulting actuaries
to determine the fair value of obligations associated with
defined benefit pension plans, and legal counsel to assess
obligations associated with legal and environmental claims.
This excerpt taken from the HBI 8-K filed Sep 5, 2006. Assets and Liabilities Acquired in Business Combinations We account for business acquisitions using the purchase method, which requires us to allocate the cost of an acquired business to the acquired assets and liabilities based on their estimated fair values at the acquisition date. We recognize the excess of an acquired business’s cost over the fair value of acquired assets and liabilities as goodwill as discussed below under “Goodwill.” We use a variety of information sources to determine the fair value of acquired assets and liabilities. We use third-party appraisers to determine the fair value and lives of property and identifiable intangibles, consulting actuaries to determine the fair value of obligations associated with defined benefit pension plans, and legal counsel to assess obligations associated with legal and environmental claims. | EXCERPTS ON THIS PAGE:
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