Detailed Version - UFA.com

ufa.com

Detailed Version - UFA.com

7. Goodwill and Intangible Assets

Cost

2011

Accumulated

Depreciation,

Amortization Impairment Net Book Value

Application software $ 57,453 $ 41,447 $ – $ 16,006

Goodwill 35,245 – – 35,245

Trademark/Trade names 9,276 3,132 – 6,144

Leases/Licenses 7,994 2,803 – 5,191

Non-competition agreements 3,113 2,790 – 323

Customer relationships 100 100 – –

$ 113,181 $ 50,272 $ – $ 62,909

Cost

2010

Accumulated

Depreciation,

Amortization Impairment Net Book Value

Application software $ 55,644 $ 34,804 $ – $ 20,840

Goodwill 61,737 – 26,575 35,162

Trademark/Trade names 9,276 2,237 – 7,039

Leases/Licenses 7,994 2,001 – 5,993

Non-competition agreements 3,113 2,325 – 788

Customer relationships 100 100 – –

$ 137,864 $ 41,467 $ 26,575 $ 69,822

Goodwill balance in 2011 is after impairment write down from prior years.

Goodwill includes amounts recognized at the time of the transaction and associated cumulative translation

adjustment.

Wholesale Sports USA, Inc. was tested for impairment at the end of the 2010 fiscal year and an impairment charge

of $26.6 million to goodwill was recognized. Effective 2011 and onwards, goodwill will be tested for impairment

whenever events or changes in circumstances indicate that the carrying amount of the reporting unit may exceed

its fair value.

8. Property and Equipment

Cost

2011

Accumulated

Depreciation,

Amortization

Net Book Value

Land $ 46,636 $ – $ 46,636

Buildings, fences and yards 152,995 67,347 85,648

Equipment 131,474 89,267 42,207

Computer equipment and system software 31,864 24,290 7,574

Automotive equipment 18,171 16,798 1,373

Leased assets 44,324 16,171 28,153

In progress 9,739 – 9,739

$ 435,203 $ 213,873 $ 221,330

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 15

UFA 2011 Unabridged Annual Report 42

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