American Home Shield 2008 Annual Report Download - page 98
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Table of Contents
Notes to the Consolidated Financial Statements (Continued)
Note 7. Acquisitions (Continued)
Prior Years
During the Successor period from July 25, 2007 to December 31, 2007, the Company completed several lawn care and pest control acquisitions for a
total net purchase price of $17.9 million. Related to these acquisitions, the Company recorded goodwill of approximately $13.9 million and other intangible
assets of $3.6 million.
During the Predecessor period from January 1, 2007 to July 25, 2007, the Company completed several lawn care and pest control tuck-in acquisitions,
along with several Merry Maids' franchise acquisitions, for a total net purchase price of $31.6 million. Related to these acquisitions, the Company recorded
goodwill of approximately $26.0 million and other intangible assets of $5.9 million.
In February 2006, the Company acquired InStar, a leading provider of disaster response and reconstruction services, for approximately $85 million in
cash. The Company recorded $31 million of goodwill and other intangible assets of $20 million related to the InStar acquisition.
During 2006, the Company completed several lawn care and pest control tuck-in acquisitions, including Safeguard Pest Control (acquired in October
2006), for a total net purchase price of $82 million. Related to these acquisitions, the Company recorded goodwill of approximately $69.6 million and other
intangible assets of $10 million.
Cash Flow Information for Acquisitions
Supplemental cash flow information regarding the Company's acquisitions, excluding the Merger, is as follows:
Successor
Predecessor
(In thousands)
Year Ended
Dec. 31, 2008
Jul. 25, 2007 to
Dec. 31, 2007
Jan. 1, 2007 to
Jul. 24, 2007
Year Ended
Dec. 31, 2006
Purchase price $ 80,729 $ 18,809 $ 36,061 $ 196,891
Less liabilities assumed (6,503) (939) (4,452) (29,955)
Net purchase price $ 74,226 $ 17,870 $ 31,609 $ 166,936
Net cash paid for acquisitions $ 60,764 $ 14,889 $ 25,460 $ 143,406
Value of shares issued — — 753 9,270
Seller financed debt 13,462 2,981 5,396 14,260
Payment for acquisitions $ 74,226 $ 17,870 $ 31,609 $ 166,936
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