(12) Acquisitions and Dispositions

During the nine months ended July 31, 2011, the Company acquired two funeral homes and two cemeteries for approximately $9,110. The acquisitions were accounted for under the purchase method, and the acquired assets and liabilities (primarily cemetery property of approximately $6,069, deferred revenue of approximately $4,668 and property, plant and equipment of approximately $2,885) were valued at their estimated fair values. The results of operations for these businesses, which are considered immaterial, have been included in consolidated results since the acquisition date.

Assets and liabilities associated with assets held for sale are presented in the “assets held for sale,” “non-current assets held for sale,” “liabilities associated with assets held for sale” and “long-term liabilities associated with assets held for sale” lines in the condensed consolidated balance sheet. As of October 31, 2010, assets held for sale and liabilities associated with assets held for sale were comprised of the following:


	October 31, 2010
Assets
Receivables	$	20
Inventories		7

Assets held for sale	$	27


Net property and equipment	$	383
Cemetery property		90
Preneed cemetery receivables and trust investments		463
Cemetery perpetual care trust investments		278

Non-current assets held for sale	$	1,214

Liabilities
Liabilities associated with assets held for sale	$	8


Deferred preneed cemetery receipts held in trust	$	436
Perpetual care trusts’ corpus		278

Long-term liabilities associated with assets held for sale	$	714