Examples of Kiddopotamus in a sentence
The following guidance assumes that both the Basic Comfort acquisition, which closed on March 31, 2008, and the acquisition of Kiddopotamus, which closed on April 18, 2008, occurred on January 1, 2008, and therefore, is on a pro forma basis.
In addition, the Basic Comfort and Kiddopotamus acquisitions added items such as infant sleep positioners, head supports, portable changing pads, as well as nursery and feeding accessories.
Net cash used in investing activities was approximately $21,503,000 which primarily relates to the cash portion of the Basic Comfort and Kiddopotamus acquisitions, in addition to year to date capital expenditures of approximately $3,863,000 and purchases of intangible assets totaling$1,682,000.
Kiddopotamus and Basic Comfort added approximately $11,130,000 and$7,484,000 to net sales, respectively.
Net cash provided by financing activities was approximately $21,714,000 which relates to amounts borrowed to fund increases in working capital and the acquisitions of Basic Comfort and Kiddopotamus.
The manufacturer shall be obliged to provide spare parts required by the purchaser for a period of 15 years from the date of commissioning of the machine at the ultimate destination to safeguard against any obsolescence.
The product lines we acquired from Basic Comfort which have since rebranded under the Summer Infant name and the Kiddopotamus line, a brand which we have retained, are performing well in both new and existing retail locations.
Organic revenue, excluding the impact for Basic Comfort and Kiddopotamus acquisitions, increased 19% year-over-year.
Some of these assets, such as goodwill, will be non-amortizable; other assets will be amortized over their useful lives.Under the purchase method of accounting, the financial statements of the acquiring entity remain unchanged and the Acquisition will be recorded as of the closing date, reflecting the assets and liabilities of Kiddopotamus (the target), at their acquisition date fair values.
On April 18, 2008, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), among Summer Infant, Inc., Kiddo Acquisition Co., Inc., a wholly-owned subsidiary of Summer Infant, Inc., (“Merger Sub”), Kiddopotamus and Company (“Kiddopotamus”), J.