Nautilus 2001 Annual Report Download - page 50

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events and circumstances warrant a revision to the remaining period of amortization or if the asset should be tested for impairment.
The total cost of the acquisition has been allocated to the assets acquired and liabilities assumed as follows:
Trade receivables $ 9,809,060
Inventories 18,857,474
Prepaid and other current assets 933,329
Property, plant and equipment 6,356,374
Other assets 39,479
Trademark 6,800,000
Goodwill 29,624,985
Liabilities assumed
(2,577,487)
-------------
Total acquisition cost $ 69,843,214
=============
The results and operations subsequent to the date of acquisition are included in the consolidated statements of the Company.
The unaudited pro forma financial information below for the year ended December 31, 2001 and 2000 were prepared as if the transaction had
occurred at the beginning of the respective year (in thousands, except per share data):
YEAR ENDED DECEMBER 31,
2000 2001
-------------
--------------
Revenue $ 322,199 $ 429,186
Net income 49,566 66,838
Basic earnings per share 1.41 1.90
Diluted earnings per share 1.38 1.86
The unaudited pro forma financial information is not necessarily indicative of what actual results would have been had the transaction occurred
at the beginning of the respective year, nor does it purport to indicate the results of future operations of the Company.
4. INVENTORIES
Inventories at December 31 consisted of the following:
2000 2001
------------ ------------
Finished goods...................... $ 8,093,919 $ 34,861,800
Work in process..................... 1,160,647 1,148,066
Parts and components................ 3,398,551 9,506,341
------------ ------------
Total inventories................... $ 12,653,117 $ 45,516,207
============
=============
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2002. EDGAR Online, Inc.