GNC 2009 Annual Report Download - page 41

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA.
The selected consolidated financial data presented below as of and for the year ended December 31, 2008 and as of December 31, 2007,
for the period March 16 to December 31, 2007, for the period January 1, 2007 to March 15, 2007, and as of and for the year ended
December 31, 2006 are derived from our audited consolidated financial statements and their notes included in this report. The selected
consolidated financial data presented below as of and for the years ended December 31, 2005 and 2004, are derived from our audited
consolidated financial statements and their notes, which are not included in this report. The selected consolidated financial data as of March 15,
2007, December 31, 2006, 2005, and 2004 and for the period from January 1, 2007 to March 15, 2007 and for the years ended December 31,
2006, 2005 and 2004 represent the period during which General Nutrition Centers, Inc. was owned by Apollo.
On February 8, 2007, our parent corporation entered into an Agreement and Plan of Merger with GNC Acquisition Inc. and its parent
company, GNC Acquisition Holdings, Inc., pursuant to which GNC Acquisition Inc. agreed to merge with and into GNC Parent Corporation, and
as a result GNC Parent Corporation would continue as the surviving corporation and a wholly owned subsidiary of GNC Acquisition Holdings
Inc. This Merger was accounted for under the purchase method of accounting. As a result, the financial data presented as of December 31,
2007, and for the period from March 16, 2007 to December 31, 2007 represents the period of operations after the Merger.
As a result of the Merger, the consolidated statement of operations for the successor period includes the following: interest and amortization
expense resulting from the issuance of the Senior Floating Rate Toggle Notes and the 10.75% Senior Subordinated Notes; and amortization of
intangible assets related to the Merger. Further, as a result of purchase accounting, the fair values of our assets on the date of the Merger
became their new cost basis.
You should read the following financial information together with the information under Item 7, "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and our consolidated financial statements and their related notes.
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