Acquisitions Schedule Of Purchase Price Allocation (Tables)

9 Months Ended

Sep. 30, 2013

Animal Hospital [Member]

Schedule of Purchase Price Allocation [Table Text Block]

The following table summarizes the aggregate consideration for our independent animal hospitals, excluding AVC, and one laboratory acquired during the nine months ended September 30, 2013 and 2012, respectively, and the preliminary allocation of the acquisition price (in thousands):



	Nine Months Ended September 30,
	2013			2012
Consideration:
Cash	$	39,640		$	51,744
Cash paid to debt holders	2,360			—
Holdbacks	892			1,475
Earnout contingent consideration	1,120			934
Fair value of total consideration transferred	$	44,012		$	54,153

Allocation of the Purchase Price:
Tangible assets	$	13,494		$	1,995
Identifiable intangible assets	12,774			9,184
Goodwill ⁽¹⁾	32,557			42,974
Other liabilities assumed	(9,407		)	—
	$	49,418		$	54,153
Noncontrolling interest	(5,406		)	—
Total	$	44,012		$	54,153

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⁽¹⁾We expect that $12.9 million and $40.0 million of the goodwill recorded for these acquisitions, as of September 30, 2013 and 2012, respectively, will be deductible for income tax purposes.

AVC Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation [Table Text Block]

The following table summarizes the total investment and the final allocation of the investment in AVC (in thousands):



Consideration:
Cash	$	48,819
Cash paid to debt holders	25,915
Fair value of total consideration transferred, net of cash acquired	$	74,734

Allocation of the Purchase Price:
Tangible assets	$	11,694
Identifiable intangible assets ⁽¹⁾	25,170
Goodwill ⁽²⁾	79,707
Other liabilities assumed	(21,826		)
	94,745
Noncontrolling interest	(8,161		)
Fair value of pre-existing investment in AVC	(11,850		)
Total	$	74,734

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⁽¹⁾ Identifiable intangible assets include customer relationships, trademarks and covenants-not-to-compete. The weighted-average amortization period for total identifiable intangible assets is approximately six years. This consists of amortization periods of five years for customer-related intangible assets, ten years for trademarks and three years for covenants-not-to-compete.

⁽²⁾As of September 30, 2013, we expect that approximately $362,000 of the goodwill recorded for this acquisition will be deductible for income tax purposes.

ThinkPetsAcquisition [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation [Table Text Block]

The following table summarizes the total purchase price and the final allocation of the investment in ThinkPets (in thousands):



Consideration:
Cash	$	7,468
Issuance of common stock for acquisitions	10,500
Holdback	1,050
Fair value of total consideration transferred, net of cash acquired	$	19,018

Allocation of the Purchase Price:
Tangible assets	$	2,093
Identifiable intangible assets ⁽¹⁾	7,221
Goodwill ⁽²⁾	12,155
Other liabilities assumed	(2,451		)
Total	$	19,018

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⁽¹⁾Identifiable intangible assets include customer relationships, contracts and trademarks. The weighted average

amortization period for total identifiable intangible assets is approximately eight years. This consists of amortization periods of nine years for customer-related intangible assets, four years for technology contracts and two years for trademarks.