XML 73 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Combinations (Tables)
12 Months Ended
Apr. 30, 2014
FeedMagnet
 
Purchase Price

The Company allocated the purchase price for FeedMagnet as follows (in thousands):

 

Cash and cash equivalents

   $ 383   

Accounts receivable

     695   

Prepaid expenses and other current assets

     19   

Intangible assets:

  

Developed technology (5 year useful life)

     3,265   

Customer relationships (5 year useful life)

     535   
  

 

 

 

Total identified intangibles

     3,800   

Goodwill

     6,324   
  

 

 

 

Total assets acquired

   $ 11,221   

Accounts payable

     (80

Accrued expenses and other current liabilities

     (187

Deferred revenue

     (234

Deferred tax liability

     (1,391
  

 

 

 

Total liabilities assumed

   $ (1,892
  

 

 

 

Net assets acquired

   $ 9,329   
  

 

 

 

The consideration paid was as follows (in thousands):

 

Cash

   $ 9,329   
  

 

 

 

Total consideration

   $ 9,329   
  

 

 

 
PowerReviews
 
Purchase Price

The Company allocated the purchase price for PowerReviews as follows (in thousands):

 

Cash and cash equivalents

   $ 745   

Restricted cash

     104   

Accounts receivable

     497   

Prepaid expenses and other current assets

     156   

Property and equipment

     280   

Current deferred tax asset

     239   

Intangible assets:

  

Domain name (indefinite useful life)

     800   

Developed technology (3 year useful life)

     5,400   

Customer relationships (3 to 10 year useful life)

     35,000   
  

 

 

 

Total identified intangibles

     41,200   

Goodwill

     113,152   
  

 

 

 

Total assets acquired

     156,373   

Accounts payable

     (304

Accrued expenses and other current liabilities

     (2,167

Deferred revenue

     (2,627

Non-current deferred tax liability

     (521
  

 

 

 

Total liabilities assumed

     (5,619
  

 

 

 

Net assets acquired

   $ 150,754   
  

 

 

 

 

Using a price of $17.20 per share of common stock issued, which was the closing price of the Company’s common stock on the NASDAQ Global Market on the date of the acquisition, the consideration paid was as follows (in thousands):

 

Cash

   $ 31,059   

Common stock

     109,745   

Fair value of vested stock options assumed

     9,950   
  

 

 

 

Total consideration

   $ 150,754   
  

 

 

 
Longboard Media, Inc
 
Purchase Price

The Company allocated the purchase price for Longboard Media as follows (in thousands):

 

Cash and cash equivalents

   $ 588   

Accounts receivable

     2,899   

Prepaid expenses and other current assets

     53   

Deferred tax asset – current

     437   

Intangible assets:

  

Customer relationships (10 year useful life)

     11,300   
  

 

 

 

Total identified intangibles

     11,300   

Goodwill

     28,681   

Deferred tax asset – long term

     1,042   
  

 

 

 

Total assets acquired

     45,000   

Accounts payable

     (3,006

Accrued expenses and other current liabilities

     (1,112

Deferred tax liability

     (3,955
  

 

 

 

Total liabilities assumed

     (8,073
  

 

 

 

Net assets acquired

   $ 36,927   
  

 

 

 

Using a price of $12.60 per share of common stock issued, which was the closing price of the Company’s common stock on the NASDAQ Global Market on the day prior to the date of acquisition, the consideration paid was as follows (in thousands):

 

Cash

   $ 26,855   

Common stock

     5,802   

Fair value of contingent consideration

     4,270   
  

 

 

 

Total consideration

   $ 36,927