Sunbeam 2005 Annual Report Download - page 55

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Jarden Corporation
Notes to Consolidated Financial Statements (cont’d)
December 31, 2005
The following table summarizes the estimated fair values of the assets acquired and the liabilities
assumed at the respective effective dates of acquisition for the year ended December 31, 2005 (in millions):
2005(a)
Current assets ............................................................. $ 993.3
Property, plant and equipment ............................................... 226.9
Other non-current assets .................................................... 90.2
Total assets acquired ................................................... 1,310.4
Current liabilities .......................................................... 514.3
Non-current liabilities ...................................................... 349.2
Total liabilities assumed ................................................ 863.5
Net assets acquired .................................................... 446.9
Purchase price (including transaction expenses and assumed debt) ................. 1,520.7
Purchase price paid in excess of fair value of tangible assets (see Note 4) ............ $1,073.8
(a) Includes the acquisition of the AHI and Holmes businesses on January 24, 2005 and July 18, 2005,
respectively, both of which will be finalized prior to the end of their respective allocation periods.
The goodwill and other intangibles amounts recorded in connection with the Company’s acquisitions
are discussed in detail in Note 4.
4. Intangibles
As of December 31, 2005 and December 31, 2004, the Company’s intangible assets by segment are as
follows (in millions):
Branded
Consumables Consumer
Solutions Outdoor
Solutions Total
December 31, 2005
Intangible assets not subject to amortization:
Goodwill ........................................ $393.0 $633.2 $237.0 $1,263.2
Trademarks ..................................... 75.5 275.4 76.4 427.3
Intangible assets not subject to amortization ...... 468.5 908.6 313.4 1,690.5
Intangible assets subject to amortization:
Patents ......................................... — 0.1 — 0.1
Non-compete agreements ......................... 1.1 0.4 — 1.5
Manufacturing processes and expertise .............. — 6.7 — 6.7
Accumulated amortization ......................... (1.0) (3.4) — (4.4)
Net amount of intangible assets subject to
amortization ............................... 0.1 3.8 — 3.9
Total goodwill, trademarks and other intangible
assets ........................................ $468.6 $912.4 $313.4 $1,694.4
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