The divorce between Tiger Woods and Elin Nordegren has been finalized. The couple appeared together at the Bay County Circuit Court in Panama City, Florida to execute the divorce agreement.

Nordegren, 30, and Woods, 34, released the following statement:

    "We are sad that our marriage is over and we wish each other the very best for the future. While we are no longer married, we are the parents of two wonderful children and their happiness has been, and will always be, of paramount importance to both of us."

The terms of their divorce settlement have not been released, however reports claim that Tiger's ex could receive more than $100 million in assets. The couple agree to share custody of their two children ...Sam Alexis, 3, and Charlie Axel, 1.

Back in November, reports surfaced that Woods was having several extra-marital affairs. After admitting his infidelities, he entered into sex rehab. After a brief break from golf, Woods has now resumed his career on the course.

Nordegren has reportedly purchased a $2.2 million home near her birthplace in Sweden. No word on whether this will be her permanent residence.

UPDATE: Court documents reveal that the marriage was "irretrievably broken" and that both Tiger and Elin attended the standard four-hour parenting class required in finalizing a divorce in Florida.