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ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2012
Acquisition  
Schedule of unaudited condensed pro forma financial information

 

 

 

 

Three Months Ended
June 30, 2011

 

Six Months Ended
June 30, 2011

 

Total revenue

 

$

88,352

 

$

173,189

 

Operating revenue

 

83,089

 

162,517

 

Net income

 

7,050

 

15,103

 

Encore Discovery Solutions
 
Acquisition  
Schedule of purchase price transferred to effect the acquisition

 

 

 

 

(in thousands)

 

Cash paid at closing

 

$

103,385

 

Other consideration

 

844

 

Working capital adjustment

 

98

 

Total purchase price

 

$

104,327

 

Schedule of purchase price allocations

 

 

 

 

(in thousands)

 

Tangible assets and liabilities

 

 

 

Current assets, including cash acquired

 

$

20,044

 

Non-current assets

 

2,669

 

Current liabilities

 

(6,646

)

Non-current liabilities

 

(15,115

)

Intangible assets

 

32,578

 

Software

 

2,498

 

Goodwill

 

68,299

 

Net assets acquired

 

$

104,327

 

Schedule of major classes of acquired intangible assets and software, as well as the respective weighted-average amortization periods

 

 

 

 

Amount
(in thousands)

 

Weighted
Average
Amortization
Period
(Years)

 

Identifiable Intangible Assets

 

 

 

 

 

Trade name

 

$

1,617

 

5.0

 

Non-compete agreement

 

1,362

 

2.0

 

Customer relationships

 

29,599

 

7.0

 

Total identifiable intangible assets

 

$

32,578

 

 

 

 

 

 

 

 

 

Software internally developed

 

$

2,498

 

5.0

 

De Novo Legal LLC
 
Acquisition  
Schedule of purchase price transferred to effect the acquisition

 

 

 

 

(in thousands)

 

Cash paid at closing

 

$

67,866

 

Fair value of deferred cash consideration at closing

 

4,417

 

Fair value of contingent consideration at closing

 

16,226

 

Working capital adjustment

 

(1,861

)

Total purchase price

 

$

86,648

 

Schedule of purchase price allocations

 

 

 

 

(in thousands)

 

Tangible assets and liabilities

 

 

 

Current assets, including cash acquired

 

$

11,214

 

Non-current assets

 

2,738

 

Current liabilities

 

(2,361

)

Non-current liabilities

 

(500

)

Intangible assets

 

34,629

 

Goodwill

 

40,928

 

Net assets acquired

 

$

86,648

 

Schedule of major classes of acquired intangible assets and software, as well as the respective weighted-average amortization periods

 

 

 

 

Amount
(in thousands)

 

Weighted
Average
Amortization
Period
(Years)

 

Identifiable Intangible Assets

 

 

 

 

 

Trade name

 

$

850

 

5.0

 

Non-compete agreement

 

2,900

 

5.0

 

Customer relationships

 

30,879

 

8.0

 

Total identifiable intangible assets

 

$

34,629