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ACQUISITIONS (Tables)
9 Months Ended
Sep. 30, 2015
ACQUISITIONS  
Schedule of the purchase price of acquisition

 

 

 

(in thousands)

 

Cash and cash equivalents

 

$

197 

 

Accounts receivable

 

15,623 

 

Income tax receivable

 

1,033 

 

Other current assets

 

1,484 

 

Deferred income tax assets

 

21,041 

 

Property and equipment

 

10,642 

 

Other long-term assets

 

246 

 

Intangible assets

 

34,694 

 

Goodwill

 

74,852 

 

 

 

 

 

Total assets acquired

 

159,812 

 

 

 

 

 

 

 

 

 

Accounts payable

 

4,407 

 

Accrued liabilities

 

4,868 

 

Deferred revenue

 

1,580 

 

Deferred income tax liabilities

 

15,149 

 

Capital lease obligations

 

9,061 

 

 

 

 

 

Total liabilities assumed

 

35,065 

 

 

 

 

 

 

 

 

 

Net assets acquired

 

$

124,747 

 

 

 

 

 

 

 

Schedule of fair value of intangible assets acquired

(in thousands)

 

Fair Value

 

Useful Life

 

Customer relationships

 

$

15,400 

 

8 years

 

Technology

 

8,400 

 

3 years

 

Trade name

 

7,000 

 

10 years

 

Non-compete agreements

 

3,894 

 

2 – 5 years

 

 

 

 

 

 

 

Total 

 

$

34,694 

 

 

 

 

 

 

 

 

 

 

 

Schedule of unaudited condensed pro forma financial information

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

(in thousands)

 

2015

 

2014

 

2015

 

2014

 

Total revenues

 

$

142,535

 

$

119,524

 

$

416,795

 

$

387,054

 

Net income (loss)

 

$

(18,596

)

$

2,278

 

$

(19,940

)

$

(8,153

)