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Goodwill (Tables)
6 Months Ended
Jun. 30, 2012
Goodwill [Abstract]  
Schedule Of Goodwill

Balance as of December 31, 2011

 

$

43,265

 

Acquisitions or adjustments:

 

 

 

 

Quorum (1)

 

 

1,135

 

Ashbourne

 

 

72

 

BHI (2)

 

 

(2,460)

 

OutStart

 

 

25,308

 

Foreign currency

 

 

23

 

Balance as of June 30, 2012

 

$

67,343

 

 

(1) Quorum International Holdings Limited (“Quorum”) was acquired by the Company on April 2, 2008. The acquisition agreement included an earnout based upon the gross profit of Quorum for each of the twelve month periods ending June 30, 2009 and June 30, 2010. Based upon the results through June 30, 2010, no earnout was initially thought to be due, however based upon subsequent review, Management and the former owners determined that an earnout was in fact due. The additional consideration of $1,135 was accrued and recorded to goodwill in accordance with permissible acquisition accounting guidelines in the financial statements at March 31, 2012. The Company paid the additional consideration of $1,135 during the quarter ended June 30, 2012.

 

(2) $2,355 of the adjustment, as described in Footnote 4 – Acquisitions in the Notes to Consolidated Financial Statements, relates to a revision of the preliminary earnout calculation.