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Acquisitions
6 Months Ended
Dec. 31, 2011
Acquisitions [Abstract]  
Acquisitions

Note 5. Acquisitions

Assets acquired and liabilities assumed in business combinations were recorded on the Company's Consolidated Balance Sheets as of the respective acquisition dates based upon their estimated fair values at such dates. The results of operations of businesses acquired by the Company have been included in the Statements of Consolidated Earnings since their respective dates of acquisition. The excess of the purchase price over the estimated fair values of the underlying assets acquired and liabilities assumed was allocated to goodwill. In certain circumstances, the allocations of the excess purchase price are based upon preliminary estimates and assumptions and subject to revision when the Company receives final information, including appraisals and other analyses. Accordingly, the measurement period for such purchase price allocations will end when the information or the facts and circumstances becomes available, but will not exceed twelve months.

The Company acquired five businesses during the six months ended December 31, 2011 for approximately $233.0 million, net of cash acquired. In addition to the cash consideration related to acquisitions closed during the six months ended December 31, 2011, the Company accrued certain liabilities which represent the estimated fair value of contingent consideration expected to be payable in the event that certain specific performance metrics are achieved over the next two years of operations. At December 31, 2011, the Company had not yet finalized the purchase price allocation for these five acquisitions. These acquisitions resulted in approximately $156.3 million of goodwill. Intangible assets acquired, which total approximately $69.0 million for these five acquisitions, included customer contracts and lists, software and trademarks that are being amortized over a weighted average life of approximately 12 years. These five acquisitions were not material individually or in the aggregate to the Company's results of operations, financial position, or cash flows.

The Company acquired six businesses during the six months ended December 31, 2010 for approximately $590.2 million, net of cash acquired. These acquisitions resulted in approximately $400.7 million of goodwill. Intangible assets acquired, which totaled approximately $189.3 million for these six acquisitions, included customer contracts and lists, software and trademarks that are being amortized over a weighted average life of approximately 11 years. The Company finalized the purchase price allocation for these six acquisitions during the six months ended December 31, 2011 and adjusted the preliminary values allocated to certain assets and liabilities in order to reflect final information received.