Acquisitions

6 Months Ended

Jun. 30, 2011

Acquisitions

Acquisitions

Note 4. Acquisitions

We completed three acquisitions within our Residential Services segment during the first six months of 2011. Aggregate consideration for these acquisitions was approximately $11.9 million, including $0.7 million of notes issued, cash received of $0.3 million and net forgiveness of management fees and promissory note of $2.3 million. These acquisitions are expected to generate annual revenues of approximately $15.0 million. The operating results of the acquisitions are included in the condensed consolidated financial statements from the date of acquisition.

The preliminary aggregate purchase price for these acquisitions was allocated as follows:

Cash	$	280
Accounts receivable	1,642
Property and equipment	288
Other intangible assets	1,431
Goodwill	8,485
Other assets	34
Liabilities	(242)
Aggregate purchase price	$	11,918

The other intangible assets consist primarily of customer relationships, trade names and covenants not to compete. All intangible assets will be amortized over five years. We expect all of the $8.5 million of goodwill will be deductible for tax purposes.