LVLT » Topics » Business Combinations

This excerpt taken from the LVLT 8-K filed Jun 18, 2009.

Business Combinations

 

All of the Company’s business combinations have been accounted for using the purchase method of accounting and, accordingly, are included in Level 3’s results of operations as of the date of each acquisition. The Company allocates the purchase price of its acquisitions to the tangible assets acquired, liabilities assumed and intangible assets acquired, including in-process research & development (“IPR&D”), based on their estimated fair values. The excess purchase price over those fair values is recorded as goodwill. The excess of those fair values over the purchase price is recorded as a reduction to long-lived assets.

 

These excerpts taken from the LVLT 10-K filed Feb 27, 2009.

Business Combinations

        All of the Company's business combinations have been accounted for using the purchase method of accounting and, accordingly, are included in Level 3's results of operations as of the date of each acquisition. The Company allocates the purchase price of its acquisitions to the tangible assets acquired, liabilities assumed and intangible assets acquired, including in-process research & development ("IPR&D"), based on their estimated fair values. The excess purchase price over those fair values is recorded as goodwill. The excess of those fair values over the purchase price is recorded as a reduction to long-lived assets.

Business Combinations



        All of the Company's business combinations have been accounted for using the purchase method of accounting and, accordingly, are
included in Level 3's results of operations as of the date of each acquisition. The Company allocates the purchase price of its acquisitions to the tangible assets acquired, liabilities assumed
and intangible assets acquired, including in-process research & development ("IPR&D"), based on their estimated fair values. The excess purchase price over those fair values is
recorded as goodwill. The excess of those fair values over the purchase price is recorded as a reduction to long-lived assets.



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