Lifetime Fitness 2008 Annual Report Download - page 57

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LIFE TIME FITNESS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Table amounts in thousands, except share and per share data)
51
The following table summarizes the changes in our net intangible balance during the years ended December 31,
2008, 2007 and 2006:
Balance at December 31, 2005 ................................................................................................. $2,880
Goodwill acquired ............................................................................................................... 1,272
Trade name acquired ........................................................................................................... 100
Balance at December 31, 2006 ................................................................................................. 4,252
Purchase price adjustment (1) ............................................................................................. (1,346)
Goodwill acquired ............................................................................................................... 2,599
Balance at December 31, 2007 ................................................................................................. 5,505
Purchase price adjustment (1) ............................................................................................. 340
Goodwill acquired ............................................................................................................... 2,751
Balance at December 31, 2008 ................................................................................................. $8,596
(1) Includes adjustments related to the finalization of the purchase price allocation of acquisition transactions.
The following table summarizes the carrying amounts of our intangible assets:
December 31,
2008 2007
Goodwill .......................................................................................................... $5,690 $2,599
Leasehold rights ............................................................................................... 2,318 2,318
Trade names ..................................................................................................... 588 588
Total intangible assets ...................................................................................... $8,596 $5,505