GNC 2008 Annual Report Download - page 75
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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
In conjunction with the Merger, final fair value adjustments were made to the Company's financial statements as of March 16, 2007. As a
result of the Merger and the final fair values assigned, the accompanying financial statements as of December 31, 2007 reflect these
adjustments made in accordance with SFAS No. 141. The following table summarizes the fair values assigned to the Company's assets and
liabilities in connection with the Merger.
Original Adjusted
March 16, 2007 March 16, 2007
(in thousands)
Assets:
Current assets $ 457,900 $ 480,230
Goodwill 574,623 626,259
Other intangible assets 902,961 901,661
Property, plant and equipment 178,136 181,765
Other assets 20,946 16,813
Total assets $ 2,134,566 $ 2,206,728
Liabilities:
Current liabilities 204,857 232,943
Long-term debt 10,773 10,773
Deferred tax liability 243,355 257,732
Other liabilities 23,029 52,321
Total liabilities $ 482,014 $ 553,769
Fair value of net assets acquired $ 1,652,552 $ 1,652,959
71