KNXA » Topics » Goodwill and Other Intangible Assets

This excerpt taken from the KNXA 8-K filed Dec 26, 2006.

Goodwill and Other Intangible Assets

Goodwill represents the unamortized excess of the cost of acquiring companies over the fair values of such companies’ net assets at the dates of acquisition.

Goodwill is tested for impairment at the reporting unit annually on October 1, and whenever events or circumstances occur indicating that goodwill might be impaired. A two step impairment test is used to first to identify potential goodwill impairment and then measure the amount of goodwill impairment loss, if any. Goodwill, including goodwill recorded in past business combinations, is no longer amortized. Other intangible assets are being amortized by using the straight-line method over three years. The Company has recorded no other intangible assets with indefinite lives.

There were no goodwill impairments recorded in 2003, 2004 or 2005.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki