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Acquisition (Tables)
3 Months Ended
Mar. 31, 2013
Acquisition [Abstract]  
Preliminary purchase price allocation
         

Purchase price

  $  45,974  

Less: acquired cash

    (8,856
   

 

 

 

Purchase price, net of acquired cash

    37,118  
   

 

 

 

Accounts receivable

    3,327  

Intangible assets

    13,255  

Other assets

    1,729  

Deferred tax liability, net

    (2,284

Accounts payable, accrued expenses and deferred revenue

    (5,084
   

 

 

 

Goodwill

  $ 26,175  
   

 

 

 
Summary of acquired intangible assets
                 
    Costs     Useful Lives  

Customer relationships

  $ 5,455       10-15 years  

Internally developed software

    5,000       3 years  

Tradename- indefinite life

    1,820       indefinite  

Tradename- finite life

    300       3 years  

Non-compete agreement

    380       3 years  

Other

    300       indefinite  
   

 

 

         

Total

  $ 13,255          
   

 

 

         
Pro forma financial information
                 
    Pro forma  
    Three Months Ended March 31,  
    2013     2012  
    (In thousands, except per
share amounts)
 

Revenues

  $ 59,481     $ 57,177  

Income before income taxes

  $ 24,418     $ 22,824  

Net income

  $ 15,395     $ 13,529  

Basic net income per common share

  $ 0.42     $ 0.37  

Diluted net income per common share

  $ 0.41     $ 0.35