American Home Shield 2010 Annual Report Download - page 87

Table of Contents
Notes to the Consolidated Financial Statements (Continued)
Note 6. Acquisitions (Continued)
Prior Years
During the year ended December 31, 2009 and 2008, the Company completed several lawn care and pest control acquisitions, along with several Merry
Maids' franchise acquisitions, for a total net purchase price of $35.7 million and $74.2 million, respectively. Related to these acquisitions, the Company
recorded goodwill of $28.8 million and $57.3 million and other intangibles of $9.1 million and $16.4 million in 2009 and 2008, respectively.
Cash Flow Information for Acquisitions
Supplemental cash flow information regarding the Company's acquisitions, excluding the Merger, is as follows:
Year Ended December 31,
(In thousands) 2010 2009 2008
Purchase price (including liabilities assumed) $ 73,142 $ 37,722 $ 80,729
Less liabilities assumed (2,243) (2,070) (6,503)
Net purchase price $ 70,899 $ 35,652 $ 74,226
Net cash paid for acquisitions $ 57,941 $ 32,647 $ 60,764
Seller financed debt 12,958 3,005 13,462
Payment for acquisitions $ 70,899 $ 35,652 $ 74,226
Note 7. Discontinued Operations
Current Year Dispositions
There were no dispositions during the year ended December 31, 2010.
The Company announced in November 2010 that it was exploring strategic options relating to TruGreen LandCare, including the potential sale of the
business. In the first quarter of 2011, the Company concluded that TruGreen LandCare did not fit within the long-term strategic plans of the Company and
finalized development of a plan to sell the business. The Company expects this sale to occur in 2011.
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