joe, this is from the annual report, this is the aforementioned note 2. this illustrates where some of their investment funds are hitting and seems to confirm my prior guess. this is the original dec figure that was mentioned, 57m
Intangible Assets - Intangible assets consist of the following amounts as
of December 28, 1997 and December 29, 1996:
1997 1996
-------------------------------------
Goodwill $ 56,551,253 $ 16,648,361
Non-compete agreements 2,013,187 1,393,187
Employee and customer lists 832,837 214,435
-------------------------------------
Total 59,397,277 18,255,983
Less accumulated amortization (1,940,860) (457,395)
-------------------------------------
$ 57,456,417 $ 17,798,588
=====================================
Goodwill is amortized using the straight-line method over 30 years. The
non-compete agreements and employee and customer lists are being amortized
using the straight-line method over three to six years.
hope this helps
milesov
|
