Sunbeam 2007 Annual Report Download - page 85

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Net Book Value
at January 1, 2006 Acquisitions
Foreign
Exchange
and Other
Adjustments
Net Book Value at
December 31, 2006
Goodwill
Branded Consumables ...................... $ 437.9 $48.8 $ 11.1 $ 497.8
Consumer Solutions ........................ 588.3 4.2 (102.8) 489.7
Outdoor Solutions ......................... 237.0 — (0.8) 236.2
$1,263.2 $53.0 $ (92.5) $1,223.7
The $102.8 decrease in the Consumer Solutions goodwill primarily relates to finalizing the purchase price
allocation related to the Holmes acquisition. Goodwill was decreased when the customer relationships and brand
names valuations attributable to Holmes were finalized increasing the value of intangible assets and decreasing
the preliminary goodwill value. The $11.1 increase in the Branded Consumables goodwill primarily relates to an
accrual for contingent consideration of approximately $10 attributable to a prior acquisition.
Intangibles at December 31, 2007 and 2006 were as follows (in millions):
Gross
Carrying
Amount At
January 1,
2007
Additions
During the
Year
Accumulated
Amortization
and Foreign
Exchange
Net Book
Value at
December 31,
2007
Amortization
Periods
(years)
Intangibles
Patents ................................ $ 0.1 $ — $ — $ 0.1 30
Non-compete agreements ................. 1.7 — (1.4) 0.3 3-5
Manufacturing process and expertise ........ 6.5 25.5 (8.3) 23.7 3-7
Brand names ........................... 1.9 2.4 (0.5) 3.8 4-10
Customer relationships and distributor
channels ............................. 115.6 30.6 (8.9) 137.3 10-25
Trademarks and tradenames ............... 585.8 374.6 1.0 961.4 indefinite
$711.6 $433.1 $(18.1) $1,126.6
Gross
Carrying
Amount At
January 1,
2006
Additions
During the
Year
Accumulated
Amortization
and Foreign
Exchange
Net Book
Value at
December 31,
2006
Amortization
Periods
(years)
Intangibles
Patents ................................ $ 0.1 $ — $ — $ 0.1 30
Non-compete agreements ................. 1.3 0.4 (1.3) 0.4 3-5
Manufacturing process and expertise ........ 6.5 — (4.2) 2.3 7
Brand names ........................... — 1.9 (0.1) 1.8 10
Customer relationships and distributor
channels ............................. — 115.6 (2.3) 113.3 10-25
Trademarks and tradenames ............... 427.7 158.1 0.5 586.3 indefinite
$435.6 $276.0 $ (7.4) $ 704.2
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