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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2015
SkyWave Mobile Communications Inc. [Member]  
Purchase Price Allocation for Acquisition

The preliminary purchase price allocation for the acquisition, net of the assets transferred to Inmarsat, is as follows:

 

     Amount  

Cash

   $ 110   

Accounts receivable

     14,028   

Inventory

     1,335   

Other current assets

     2,180   

Property, plant and equipment

     4,769   

Intangible assets

     67,214   

Other noncurrent assets

     6,108   
  

 

 

 

Total identifiable assets acquired

     95,744   
  

 

 

 

Accounts payable and accrued expenses

     9,987   

Deferred revenues

     1,117   

Other liabilities

     1,168   

Deferred tax liabilities

     17,527   
  

 

 

 

Total liabilities assumed

     29,799   
  

 

 

 

Net identifiable assets acquired

     65,945   

Goodwill

     56,758   
  

 

 

 

Total preliminary purchase price

   $ 122,703   
  

 

 

 
Summary of Useful Lives of Customer Relationships Based on Customer Attrition

The remaining useful lives of customer lists were based on the customer attrition and the projected economic benefit of these customers.

 

     Estimated
Useful life
(years)
   Amount  

Customer lists

   10    $ 59,371  

IDP Technology

   10      5,463  

M2M and DGS Technology

   5      1,318  

Trademarks

   5      1,062  
     

 

 

 
      $ 67,214   
     

 

 

 
Summary of Pro Forma Results of Operation

The following table presents the unaudited pro forma consolidated operating results for the Company, as though the SkyWave Acquisition had occurred as of the beginning of the prior annual reporting period. The unaudited pro forma results reflect certain adjustments related to past operating performance, the impact of the debt issued, acquisition costs and acquisition accounting adjustments, such as increased depreciation and amortization expense based on the fair valuation of assets acquired and the related tax effects. The pro forma results do not include any anticipated synergies which may be achievable subsequent to the acquisition date. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the acquisition been completed on the dates indicated, nor are they indicative of the future operating results of the combined company:

 

(in thousands; except per share amounts)    Quarter
ended
June 30,
2014
     Six months
ended
June 30,
2014
 

Net revenues

   $ 39,897       $ 73,557   

Net income (loss) attributable to common shareholders

   $ 349       $ (2,665

Earnings per share:

     

Basic

   $ 0.01       $ (0.04

Diluted

   $ 0.01       $ (0.04
Insync, Inc [Member]  
Purchase Price Allocation for Acquisition
The preliminary estimated purchase price allocation for the acquisition, net of the estimated fair value of the contingent consideration, is as follows:

 

     Amount  

Cash

   $ 288   

Accounts receivable

     1,141   

Other current assets

     204   

Deferred tax assets

     2,342   

Property, plant and equipment

     51   

Intangible assets

     5,788   

Other noncurrent assets

     55   
  

 

 

 

Total identifiable assets acquired

     9,869   
  

 

 

 

Accounts payable and accrued expenses

     1,181   

Deferred revenues

     250   

Deferred tax liabilities

     2,342   
  

 

 

 

Total liabilities assumed

     3,773   
  

 

 

 

Net identifiable assets acquired

     6,096   

Goodwill

     5,546   
  

 

 

 

Total preliminary purchase price

   $ 11,642   
  

 

 

 
Summary of Useful Lives of Customer Relationships Based on Customer Attrition
The remaining useful lives of customer lists were based on the customer attrition and the projected economic benefit of these customers.

 

     Estimated
Useful life
(years)
   Amount  

Customer lists

   14    $ 5,056  

Technology

   10      632  

Trademarks

   4      100  
     

 

 

 
      $ 5,788