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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2014
Acquisition  
Schedule of the unaudited pro forma results

 

 

 

Three Months Ended
June 30, 2013

 

Six Months Ended
June 30, 2013

 

 

 

 

 

 

 

Revenue

 

$

28,694

 

$

54,191

 

Net loss

 

$

(341

)

$

(2,463

)

Schedule of changes in goodwill

 

Beginning balance, January 1, 2014

 

$

42,431

 

Additions

 

147

 

Balance, June 30, 2014

 

$

42,578

 

AWG
 
Acquisition  
Summary of the purchase price allocation

 

 

 

Estimated Fair
Value

 

Weighted Average
Estimated Useful
Life (years)

 

Consideration:

 

 

 

 

 

Cash paid

 

$

14,800

 

 

 

Net equity adjustments

 

147

 

 

 

Holdback consideration

 

1,600

 

 

 

Contingent consideration

 

980

 

 

 

Total consideration

 

$

17,527

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

 

 

Cash

 

$

215

 

 

 

Restricted cash

 

515

 

 

 

Accounts receivable

 

988

 

 

 

Other current assets

 

609

 

 

 

Property and equipment

 

2,297

 

 

 

Accounts payable

 

(563

)

 

 

Accrued expenses

 

(515

)

 

 

Other current liabilities

 

(134

)

 

 

Capital lease obligations

 

(932

)

 

 

Other non-current liabilities

 

(130

)

 

 

Deferred tax liabilities

 

(3,561

)

 

 

Net tangible liabilities acquired

 

(1,211

)

 

 

Existing airport contracts and relationships

 

4,700

 

6.7

 

Technology

 

270

 

6.0

 

Trademark and tradename

 

120

 

3.0

 

Non-compete agreement

 

3,590

 

5.0

 

Goodwill

 

10,058

 

 

 

Total purchase price

 

$

17,527

 

 

 

Endeka
 
Acquisition  
Summary of the purchase price allocation

 

 

 

Estimated Fair
Value

 

Estimated Useful
Life (years)

 

Consideration:

 

 

 

 

 

Cash paid

 

$

4,894

 

 

 

Holdback consideration

 

275

 

 

 

Contingent consideration

 

1,329

 

 

 

Total consideration

 

$

6,498

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

 

 

Cash

 

$

20

 

 

 

Other current assets

 

44

 

 

 

Property and equipment

 

4,617

 

 

 

Other assets

 

12

 

 

 

Accounts payable

 

(992

)

 

 

Other current liabilities

 

(211

)

 

 

Notes payable and financed liabilities

 

(6,476

)

 

 

Deferred tax liabilities

 

(2,637

)

 

 

Net tangible liabilities acquired

 

(5,623

)

 

 

Existing customer contracts and relationships

 

4,770

 

10.0

 

Technology

 

930

 

6.0

 

Trademark and tradename

 

300

 

10.0

 

Non-compete agreement

 

250

 

2.0

 

Other intangibles

 

95

 

10.0

 

Goodwill

 

5,776

 

 

 

Total purchase price

 

$

6,498