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Note 3. Acquisition
9 Months Ended
Sep. 30, 2012
Business Combination Disclosure [Text Block]

3. Acquisition


During the fourth quarter of 2011, the Company acquired the stock of Tradição Planejamento e Tecnologia de Serviços S.A. and Tradição Tecnologia e Serviços Ltda. (collectively, “Tradição”), a national service provider in Brazil, for $6.6 million in cash. The following table summarizes the purchase price allocation at the time of purchase, along with measurement period adjustments recognized during the 39 weeks ended 2012. The purchase price allocation is still preliminary, subject to further information relating to certain liabilities assumed.


 

Original

Allocation

Adjustments

Revised

Allocation

 

(In millions of dollars)

Current assets

  $ 6.3   $ -     $ 6.3

Goodwill

    22.9     1.0     23.9

Identified intangibles

    5.3     0.4     5.7

Other noncurrent assets

    0.7     -       0.7

Current liabilities

    (14.4 )     (0.6 )     (15.0 )

Noncurrent liabilities

    (14.2 )     (0.8 )     (15.0 )
                         

Total purchase price

  $ 6.6   $   $ 6.6

The acquisition adjustments relate to an increase in Tradição's estimated identified intangibles balance, acquired contingency reserves and tax liabilities assumed.