Acquisition (Tables)

6 Months Ended

Jun. 30, 2013

Future Payments Related to Acquisition

Future installment payments are payable as follows:

	(in thousands)
2013	$	2,500
2014		3,500
2015		9,000

Fair value of transferred

The acquisition date fair value transferred for the purchase of KSCP is as follows:

	(in thousands)
Cash	$	10,000
Present value of remaining purchase consideration		13,836
Previously held equity interest		15,949
Gain on remeasurement of previously held equity interest in KSCP		154
Total purchase consideration	$	39,939

Allocation of Purchase Price

The estimated fair value of identifiable assets acquired and liabilities assumed for the KSCP acquisition is shown in the table below:

	(in thousands)
Goodwill	$	6,038
Acquired tangible assets, net of assumed liabilities		33,901
Total allocation of fair value	$	39,939

Consolidated Pro Forma Operations Results in Acquisitions

The pro forma financial information is not necessarily indicative of the results of operations as they would have been had the transaction been effected on the assumed date.

	Three months ended June 30,					Six months ended June 30,
	2013		2012			2013		2012
Net revenues	$	59,591	$	42,680		$	119,802	$	80,960
Net income (loss)		11,529		(6,945	)		19,559		(16,863	)
Diluted income (loss) per common share		0.40		(0.25	)		0.68		(0.60	)