Proceeds from this recapitalization enable us to stabilize our balance sheet through the consolidation of our senior debt while discharging secondary financing and trade liabilities associated with our original center purchase acquisitions
16 says entities that engage in purchase acquisitions
may include certain associated costs in the acquisition price, thereby capitalizing the costs rather than deducting them from income as an expense in the current period.
This ability to integrate with a variety of leaders and existing network appliances is invaluable to pharmaceutical companies that are constantly merging various infrastructures, through consolidation or purchase acquisitions
The pro forma presentation excludes the amortization of intangible assets related to purchase acquisitions
and the non-recurring charge for in-process research and development related to purchase acquisitions
5% primarily due to purchase acquisitions
consummated during 1997 and 1996 and a 3.
3 million charge for in- process research and development related to purchase acquisitions
The company cited loan growth and purchase acquisitions
completed in the second quarter of 1994 and the first quarter of 1995 as reasons for the increase.
0 percent of the increase came from internal loan growth, with the balance resulting from purchase acquisitions
, Knudson said.
In addition to internal growth and asset purchase acquisitions
, we have used our stock several times for mergers in the past two years; we have also done two stock offerings and split our stock 2 for 1 since our March 1994 IPO, all of which have increased our float and market capitalization.
Excluding purchase acquisitions
, fourth quarter sales would have increased 8%.
The company also said it had increased expenses for advertising in new markets and additional amortization of intangibles attributable to the year-end 1992 purchase acquisitions
Capital levels improved dramatically in recent years due to a June 1991 equity offering and the issuance of stock in connection with purchase acquisitions