Acquisition of Alpine Access, Inc. (Tables)

9 Months Ended

Sep. 30, 2012

Estimated Acquisition Date Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the estimated acquisition date fair values of the assets acquired and liabilities assumed, all included in the Americas segment (in thousands):

	Amount
Cash and cash equivalents	$	1,859
Receivables		11,831
Prepaid expenses		617
Total current assets		14,307
Property and equipment		11,326
Goodwill		80,766
Intangibles		57,720
Deferred charges and other assets		916
Accounts payable		(880	)
Accrued employee compensation and benefits		(3,774	)
Income taxes payable		(141	)
Deferred revenue		(94	)
Other accrued expenses and current liabilities		(601	)
Total current liabilities		(5,490	)
Other long-term liabilities (1)		(10,592	)
	$	148,953

Summary of Purchased Intangible Assets

The following table presents the Company’s purchased intangibles assets as of August 20, 2012, the acquisition date (in thousands):

	Amount Assigned		Weighted Average Amortization Period (years)
Customer relationships	$	46,000		8
Trade names		10,600		8
Non-compete agreements		670		2
Favorable lease agreement		450		2
	$	57,720		8

Revenues and Earnings of Acquired Entity Since Acquisition Date

The amount of Alpine’s revenues and net loss since the August 20, 2012 acquisition date, included in the Company’s Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2012 were as follows (in thousands):

	From August 20, 2012 Through September 30, 2012
Revenues	$	10,095
(Loss) from continuing operations before income taxes	$	(1,935	)
(Loss) from continuing operations, net of taxes	$	(1,907	)

Combined Pro Forma of Revenues and Net Earnings

The following table presents the unaudited pro forma combined revenues and net earnings as if Alpine had been included in the consolidated results of the Company for the entire three and nine month periods ended September 30, 2012 and 2011. The pro forma financial information is not indicative of the results of operations that would have been achieved if the acquisition and related borrowings had taken place on January 1, 2012 and 2011 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Revenues	$	292,580	$	318,932	$	885,878	$	966,926
Income from continuing operations, net of taxes	$	9,622	$	16,380	$	24,296	$	41,164
Income from continuing operations per common share:
Basic	$	0.22	$	0.36	$	0.57	$	0.89
Diluted	$	0.22	$	0.36	$	0.57	$	0.89

Acquisition-related Costs

Acquisition-related costs associated with Alpine, comprised of severance costs and transaction and integration costs, and included in “General and administrative” costs in the accompanying Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2012 were as follows (none in the comparable periods in 2011) (in thousands):

	Three Months Ended September 30, 2012		Nine Months Ended September 30, 2012
Severance costs:
Americas	$	320	$	320
Corporate		377		377
		697		697
Transaction and integration costs:
Corporate		3,045		3,095
		3,045		3,095
Total acquisition-related costs	$	3,742	$	3,792