Goodwill

RECENT NEWS
StreetInsider.com  Jun 30 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/GrenTech+%28GRRF%29+Sees+Goodwill+Impairment+Charge+For+%2708%3B+Raises+Q2+Revenue+Guidance/4763123.html for the full story.
StreetInsider.com  Jun 25 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Cascade+Financial+%28CASB%29+Raises+Provision+for+Q2+Loan+Losses+to+%2415M%3B+to+Incur+%2412M+Non-Cash+Charge+Related+to+Goodwill%3B+Suspends+Dividend/4754358.html for the full story.
New York Times  Jun 10 
Many Goodwill stores are courting the shoppers who scour high-end resale shops and department store sales racks for bargains.
Market Wire  Jun 8 
ROCKVILLE, MD -- (Marketwire) -- 06/08/09 -- Goodwill Industries International and Dell are expanding Reconnect, a free drop-off program for consumers who want to responsibly recycle any brand of unwanted computer equipment. The program now includes
StreetInsider.com  Jun 3 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/FedEx+%28FDX%29+to+Incur+%24885M+Non-Cash+Charge+in+Q4+Related+to+Goodwill+Impairment/4706250.html for the full story.
Market Wire  May 28 
ROCKVILLE, MD -- (Marketwire) -- 05/28/09 -- "Stay hopeful, build your skills, Goodwill® is there for you." That's the overarching message of a new microsite, http://recovery.goodwill.org, Goodwill Industries International has launched in order to
MarketWatch  May 20 
The London Stock Exchange said Wednesday that it swung to a net loss of 338 million pounds ($524 million) in the year ended March 31, from a profit of 168.3 million pounds a year earlier. The loss was mainly due to a 484 million pound goodwill...
Market Wire  May 6 
ROCKVILLE, MD -- (Marketwire) -- 05/06/09 -- sengWare®, a Seattle-based dinnerware company, and Goodwill Industries International launched an effort today called "Good Dishes, Good Deeds" encouraging customers to donate their gently used dinnerware
Market Wire  May 5 
ROCKVILLE, MD -- (Marketwire) -- 05/05/09 -- James Bennett had always thought basketball would provide his escape to a better life. With a father in prison and a mother struggling to support him and his four siblings, James dreamed of one day playing
Market Wire  May 4 
ROCKVILLE, MD -- (Marketwire) -- 05/04/09 -- Janie Marsh hit bottom when, at age 24, she used her daughter's disability benefit checks and her government-issued food stamps and welfare checks to support her drug addiction. She had begun her downward
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Goodwill is the premium paid by an acquiring company over and above the acquired company's tangible book value. On a company's balance sheet, goodwill represents the sum of all the premiums the company has paid for all of its acquisitions (although occasionally goodwill from past acquisitions whose value has fallen is written down).

Because tangible book value is equivalent to the replacement cost of a company - IE, what it would cost to buy all the company's properties, buildings, factories, and machines, hire all its workers, etc. - you might think an acquiring company would never pay more than tangible book value. After all, the acquiring company could simply build the acquisition target company from scratch for the price of its tangible book value.

However, most companies have intangible assets - such as relationships with key customers, patents and trademarks, the unique character of its employees, which are not so easily replaced. So, acquiring companies frequently pay more for a company than its tangible book value.

The acquiring company must carry the premium it pays for its acquisition targets above tangible book value as "goodwill".

Goodwill is an intangible asset arising from an acquisition, but not all intangible assets are goodwill - only those a company owns as a result of purchasing other companies.

 
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