Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2012

Acquisitions and Dispositions [Abstract]

Schedule of fair value of consideration transferred

The aggregate acquisition-date fair value of the purchase consideration transferred for the acquisition of Horizon Bay was approximately $10.7 million which consisted of the following (dollars in thousands):

Fair value of consideration transferred
Cash	$	6,500
Common stock (96,862 shares)		1,538
Contingent consideration		2,708
Total	$	10,746

Schedule of purchase price allocation

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (dollars in thousands):

Purchase price allocation
Current assets	$	24,064
Property and equipment		2,167
Acquired lease intangibles		5,965
Current liabilities		(15,979	)
Long-term debt		(1,821	)
Other liabilities		(1,482	)
Deferred tax liability		(822	)
Gain on acquisition		(1,346	)
Total	$	10,746